Numerous studies have found a link between owning a home and having better health with greater life expectancy than those who do not own a home.
One explanation is that homeowners are often more likely to reside in an area over a longer period of time, thereby increasing their knowledge of nearby health-related activities and services. And in times of medical need, homeowners have access to housing equity to pay for treatment.
An even more significant, though intangible, link to improved health is how the experience of owning a home can have a positive effect on an individual’s perception about self, home and community. It also produces higher levels of confidence, self-esteem and overall life satisfaction.