Redwood Area Development Corporation Celebrates National Homeownership Month During June
Tuesday, June 15, 2021
Redwood Area Development Corporation celebrates National Homeownership Month during June by raising awareness about the benefits that homeownership brings to families, neighborhoods, and communities alike. The real estate market is thriving, and RADC member businesses are striving to make homeownership a reality for individuals who dream of owning their own home. Learn more about why homeownership matters and how you can find connections to help you become a homeowner too.
Why Homeownership Matters
Owning a home is a cornerstone of the “American Dream”.
With homeownership, comes a sense of pride, financial stability, and equity. Many homeowners benefit from tax deductions and affordable monthly mortgage payments that are lower than the average rent. Buying a home is considered one of the best and most reliable long-term investments because residential real estate tends to rise in value over the long haul. In addition to the personal benefits, homeownership plays an important role in sustaining prosperous and stable communities.
Homeownership grows the community tax base, reducing the individual’s tax burden. Research shows that higher homeownership percentages directly correlate with lower crime rates. Homeowners tend to volunteer more, buy more goods and services from local business owners, support local educational systems, and benefit the economy more overall. Homeowners are even more likely to be involved in local civic engagements and elections. An additional benefit of homeownership for the community is that one new job is supported from every two home sales, according to NAR calculations.
RADC Supports Homeownership
RADC offers great resources for potential home buyers. We can help you make the most informed choice on how, where, and when to buy with help from our member businesses. Our website provides an easy-to-navigate housing section, information about the high quality of life in the Redwood Area, the best realtor and lender connections in the community.
A great place to start on your home buying journey would be to contact our member business realtors Kerkhoff Auction & Real Estate and Minnesota Lands & Homes Real Estate. These member businesses know everything there is to know about the Redwood Area and great places to buy. For access to lender options, click here.
Owning a home is widely regarded as one of the best ways to build wealth. Home prices continue to rise, resulting in a higher resale value. Mortgage rates are low and steady, presenting a unique opportunity for homebuyers to purchase with a lower monthly payment. Homeownership has many benefits, but it has to be sustainable for the buyer. RADC can simplify the process and assist you on your journey to making this dream a reality.
National Homeownership Month is the perfect time to explore purchasing a home. RADC is in the business of helping families become part of the community. Click here for a full list of member businesses that can help you on your home buying journey.