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Here are the top 4 best things about owning a home, according to Reddit

Housing decisions can come with advantages and disadvantages. Homeowners on Reddit discussed some of the best parts about owning a home.

SL

Sarah Li-Cain

10/28/2022 · 2 min read

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Key takeaways

  • Many homeowners on Reddit say the best thing about owning a home is feeling comfortable and secure in their surroundings.

  • Many homeowners also loved that they hear less noise from their neighbors and surroundings after buying a house.

  • Some users said their mortgage was cheaper than rent.

Sometimes it helps to chat with your peers about homeownership before you buy your next home. Wondering how homeownership is faring for others? According to a popular post on the r/HomeOwners subreddit, here’s a list of the top four things about owning a home.

Comfort and stability

Many Redditors shared the sentiment that it “feels good” to be home, so it’s no surprise that the feeling of comfort ranked high as the best part of owning a home. Many said their home offers them a level of security and comfort they hadn’t previously experienced living in a rental. 

For instance, many described the feeling of being able to relax, even if they’re surrounded by unfinished projects or a bit of a mess. 

Less noise

Of course, it depends on where you live, but for many Redditors, the fact that they didn’t have to deal with noises from their apartment or condo neighbors ranked highly as well.

Instead, many said the silence came as a welcome reprieve, and if there was any noise, it usually wasn’t as loud or frequent.  

Making changes you want

Another popular comment: having the freedom to change things up whenever users wanted. Redditors reported enjoying the freedom to drill holes or paint walls without having to ask a landlord or worrying about losing a security deposit. Some users said they weren’t thinking about doing renovations but still felt confident knowing they could at any time. 

Saving money

Though it can depend on your local real estate market, many Redditors say the best part about owning a home is that they’re saving money compared to paying rent. For many Americans, rent prices have increased, and a mortgage may be more affordable monthly compared to rent. 

Many felt they were saving money — even with maintenance costs — because changes they’ve made to improve the place may help increase property value down the line.

This content is meant for informational purposes only and is not intended to be construed as financial, tax, legal, or insurance advice. Opendoor always encourages you to reach out to an advisor regarding your own situation.

SL

Sarah Li-CainAuthor

Sarah Li Cain, AFC®, is a finance writer and podcast producer who has appeared in publications such as Bankrate, Fortune, Business Insider, Investopedia, NextAdvisor (in partnership with Time), and the Financial Planning Association.

JG

Jena GreeneEditor

Jena Greene is the Managing Editor at Opendoor. She covers real estate, personal finance, money management, and market best practices. Jena is passionate about empowering people to find their dream homes and making the home-buying process a delightful one.