As a mother of 3 beautiful and talented children, I’m always looking for ways to enrich and foster the lives of my children and to enlighten myself as a parent so I’m always researching and reading. During my reading time I ran across some information about children and home ownership that I wanted to share since I am a mother, real estate agent, and homeowner.
While this information isn’t necessarily my personal opinion, I found it interesting to share so take from it what you will. I believe that whether you rent, own, or live in a box, great parenting and communications skills (and other factors) greatly affect our children’s future as well. However, when you have to decide whether or not which route to take – renting or owning – consider the enrichment of home ownership.
There are so many positive attributes that home ownership has on family, especially children. Not only does a home provide safety, security, and meets our basic need of shelter, but studies (one in particular by Donald Haurin – Retired Research Scientist from Ohio State University) show that home ownership increases the likelihood of children obtaining higher levels of education, improved self-esteem and confidence, and lower teen pregnancy rates.
The living environment of the home played a key factor in this conclusion. The results were measured by a survey given to a group of parents. Homes usually have better quality lighting, more educational materials available (a variety of magazines and books), structured family activities, a well-organized play room, a study, etc. Not only did these improved benefits affect children, but also homeowners have more stability and live in homes longer than rentals or other living arrangements. This stability allows for children to stay in the same schools longer and to build strong community relationships.
Owning your own home (coupled with other factors) adds value to your family and the future of your children. Choose wisely when thinking about whether buying or renting is the best option. It’s a fact that no one knows your situation better than you. No matter where you live (if you’re unable to own a home), make sure your living environment secures and enriches the child.