...Although there are definitely more, here are nine ways in which the home rehab work RTA provides impacts the lives of homeowners, either directly or by preserving homeownership:
* The repairs provide immediate financial stability by reducing the direct cost of home maintenance, like energy bills.
* The repairs provide an increasing a sense of safety by reducing or eliminating hazardous conditions, from electrical, plumbing, heating, or structural.
* The repairs can increase a sense of independence by providing modifications that allow individuals with disabilities or mobility issues to access their whole home.
* Home owners do not move as frequently as renters, providing more neighborhood stability. In turn, this stability helps reduce crime and supports neighborhood upkeep.
* Children of home owners do better in school, stay in school longer, are more likely to participate in organized activities and spend less time in front of the television.
* People who own homes vote more, volunteer more and contribute more to their neighborhoods.
* People who own homes report a much higher level of life satisfaction than continual renters…
* … but buyers who reported having difficulty paying for needed repairs report significantly lower levels of life satisfaction than those that don’t!
* Owning a home is one of the best ways to build long-term wealth. Historically, a home owner’s net worth has ranged from 31 to 46 times that of a renter.
Some stats sourced from the National Association of Realtors
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