A recent survey conducted by the National Association of Realtors showed that a substantial majority of both homeowners and current renters believe that owning a home is a smart decision over the long term.
The American Attitudes About Homeownership survey of 3,793 adults found that even in today’s challenging economy, 95 percent of owners and 72 percent of renters believe that over a period of several years, it makes more sense to own a home.
Other findings of the American Attitudes About Homeownership survey include:
- A large majority of homeowners are happy with their decision to own a home. In fact, 93 percent of the owners surveyed would buy again.
- Homeowners are more satisfied with both the overall quality of their family life and with their community life than renters are.
- Of the renters surveyed, 63 percent said that it was at least somewhat likely that they would purchase a home at some point in the future, with young adults 18 to 29 years old having the strongest aspirations for homeownership.
If you think it might be time to start thinking about owning a home, take a look at what’s currently available in Basking Ridge. You can also see what has been selling in Basking Ridge to get a sense of how much you might need to spend to get the home you want.
