You will make a great sense of belonging in the community
Once you own a home, you feel more attached to the society you live in. You will be more interested in what goes on around the city, the roads, schools and local market. Some people even get involved in local politics, and it is unlikely to see a tenant do that. You will be participating in other community activities as suggested by about.com and settlement.org
Commitment to something and a sense of stability
Home ownership is very important, something that cannot be pulled out from your mind. You will never get a quit notice. Your kids will no longer need to change their school because of apartment relocation. You will be able to use your years to plan better things.
You have a feeling of being in control
Is your home, you can add to it, improve it and change the look, do as many as possible projects on it. It is a sense of control over something in your life. At work, we cannot always control what happens, but your home is your castle, which you have sovereignty over. You can watch, shape and reshape your home. If you live in an apartment, you might not be able to paint your walls any color other than white for example or inscribe any form of artwork on the wall so as to avoid your landlord shouting at you.
You have more control over children other than a rented apartment
In the neighbourhood, children normally play around and go to friends’ house a few meters away. My client living in a commercial apartment told me she could not find her kids. I told her they could be in any of the hundreds of apartments doing what we don’t even know. In your own house, you can get your neighbours to watch out for your children while you watch out for theirs too.
Children do more better in school and are also more confident
This is a surprise, a new home owner once told me their children calmed down in school after moving to their new house. I do not know how, but it is possible to happen that way.