Have you ever thought about how owning a home can benefit a community? Not only does home owning benefit an individual, but it also benefits the surrounding community in ways that usually fly under the radar. Buffini and Company helped us realize the pros to owning a home in a community.
Homeownership bolsters a community’s treasury through the collection of property taxes. The money collected from the property taxes helps support infrastructure, police and fire protection, education and community programs.
Additionally, studies from the National Association of REALTORS show that homeownership has many social benefits, including:
- Increased civic participation and charitable activity
- Better health for homeowners
- Less crime
- Higher student test scores and high school graduation rates
- Higher social capital