Reasons Why We Buy Homes for Sale in Coral Springs and Other Places

Is it for practical reasons or purely emotional? The question of why someone would choose to invest in one of the largest financial ventures of their lives when buying homes for sale in Coral Springs and anywhere else is an interesting one. Survey after survey has been taken from across the country, and the results show it isn’t all about money.

Americans like South Floridians feel that owning their own homes for sale in Coral Springs is part of the American dream. This dream that has been instilled in us since birth it seems is based on the thought that all Americans should have an equal opportunity to be successful and prosper. As a result of hard work and determination should be a home.

Bank of America released its 2016 Home Buyers Report that explored this question of why a bit further and found some interesting results.

What Does Owning a Home Represent

Home ownership is much more than having a property title placed in your name. According to the people responding to the survey, owning a home gave them a sense of the following:

  • Security: 60% reported owning a home gave them a sense of security
  • Responsibility: 58% identified responsibility as key in home ownership
  • Family: 58% said a home represented family
  • Happiness: 57% noted happiness as the main factor in owning their own home

Practical Reasons for Buying Homes for Sale in Coral Springs and Elsewhere

When it comes to the practical side of buying homes for sale in Coral Springs, respondents in this report identified the following as the most influential financial factors motivating them to buy:

  • 37% said it was better than paying rent
  • 26% reported they had saved enough money
  • 21% noted it as part of having a steady job
  • 15% indicated it was just a good time to buy a home

Emotions Driving a Home Purchase

Buying a home that will be serving as your primary residence is an emotional experience. Although it is not recommended for people to make the decision to purchase homes for sale in Coral Springs based on their feelings, it is hard to separate from it.

The top emotional triggers respondents gave for reasons they wanted to buy homes for sale in Coral Springs real estate market were:

  • 52% said they always wanted a place to call their own
  • 43% identified it as just something they wanted to do
  • 31% linked it to putting down roots in one particular area
  • 28% saw it as a place that would make memories

Reflecting on these results, it is easy to see that more than half of all Americans identify the main reason to buy a home as wanting to have a place that they could call their own. Both emotional and practical reasons motivate today’s home buyer. The practical financial side along with the emotional desires work together to bring the American dream into reality.

Find Your Coral Springs Homes for Sale

If you are looking to put down roots and stop paying rent for the benefit of owning your own Coral Springs real estate, then visit the Berkshire Hathaway HomeServices Florida Realty website to see the latest listings of homes for sale in Coral Springs and many other cities throughout Florida.

It is time to start making memories.

Florida Realty News
Florida Realty News
Berkshire Hathaway HomeServices Florida Realty, a wholly-owned subsidiary of WCI Communities, has over 39 locations and more than 1,650 real estate sales professionals and team members serving 17 counties throughout Florida.
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