Los Angeles Real Estate Agency | The 4 Freedoms of Home Ownership
The 4 Freedoms of Home Ownership
Owning a home, earning a living, and being free—these are some key foundations of the American Dream. What surprises many of the clients I meet as a real estate agent in Los Angeles, is how closely linked these three ideals are.
Home ownership provides financial stability and independence. It vastly increases our real estate education. It offers lifelong benefits.
And if you’re ready to explore these, you’re in luck. We’re unpacking the 4 freedoms of home ownership—as told by my clients from the comfort of their own L.A. homes.
#1. Delayed Gratification
There is an exciting level of real estate education that comes with home ownership, and it starts long before Los Angeles natives get the keys to their first home. As a real estate agent in Los Angeles, I recently had a conversation with a client who has now been in her home for 5 years.
“The time, effort, and dedication it took to save my down payment was actually rewarding. It changed how I look at money.”
Changing the narrative when it comes to saving money is a big deal, and kick-starts our real estate education. It sets us up to make savvy financial decisions in the future, and teaches us how to delay short-term pleasure for long-term success.
#2. Paying Yourself
As a real estate agent Los Angeles trusts, I’m known for talking about how home ownership can be more affordable than renting. It can be difficult to see the logic in that statement.
But here’s the thing: mortgage repayments fluctuate very little. The principal and interest portion of your mortgage are stable with a fixed-rate mortgage. You can count on your outgoings being the same long-term.
Home ownership—and the journey to get there—has the added benefit of being an investment in yourself and your real estate education.
#3. Future Wealth
Your monthly mortgage repayments are going towards an asset that will eventually belong to you—an idea that many of my clients get excited about.
“I don’t resent my mortgage payments. I know that every payment increases my ownership of my home, and that’s pretty comforting.”
In a recent Earnest guide to building wealth, the percentage of difference in assets between homeowners and renters is 48% for adults aged 28-35. Every dollar you put towards your mortgage increases your claim on your biggest asset—your very own home. By expanding your real estate education, you can find numerous ways to increase the value of that asset, too.
#4. Creative Freedom
One of the most beautiful things about home ownership is independence.
“Part of my American Dream was having a dog—or 2!—for my kids. We could never have had that in a rental.”
Many of my clients have thrived on the freedom to customize their own space in a way that isn’t possible when you answer to a landlord. As a real estate agent in Los Angeles, I find it incredibly inspiring to return to my clients homes and see what they’ve done with their home.
Conclusion
Talk to the real estate agents Los Angeles can count on—my team at Pacific Playa Realty. We’re proudly local, and we know the residential real estate market across Los Angeles—you’ll never be in better hands.
Feeling inspired? Talk to us today to explore with the best real estate agents Los Angeles has on offer.
