Shelter is a very basic human
need which most people fill by renting or buying a house or apartment. Rental
property is often less-than-perfect. Tenants usually experience a rent increase
every year or so and feel quite at the mercy of the owner. They don't
necessarily feel a strong commitment to the property or the community.
Making a decision to buy a house is a major
commitment, and the decision is both an economic and an emotional one. Instead
of paying the landlord's mortgage every month, homeowners pay their own mortgage
and build up equity in their investment. When they paint, plant flowers or make
improvements, their family reaps the benefits. Homeowners are much more
selective than renters about finding the perfect home, and their sense of
satisfaction creates a feeling of pride.