Stress to Satisfaction: The Psychology of Home Buying

Does home ownership make you happier? The research is mixed, but most people agree that the security and stability of owning your own home offers a significant benefit and one that represents a level of achievement many strive for.

In this episode of Beginner to Buyer, host Nadeska Alexis speaks with new homeowner Holly Sprinkle about what home ownership means to her. Holly shares her experience as a single mom of two boys and the difficulties of finding rental properties that worked for her family and their large dog. Buying a home meant security and freedom for Holly and she describes how she navigated the process of going from financial insecurity to being prepared to buy the home she wanted. She also explains how it took time to find an agent who she felt was a real advocate for her needs, and details how being well understood by your agent can make a real difference in your search.

Holly worked hard to be able to buy her home and is realistic about the challenges she faced while also being clear on the benefits to her and her family. As you navigate your own process of home buying, you will likely face ups and downs as well. Being prepared for the emotional and psychological effects of what can be a stressful process and staying focused on the benefits can help you get through the hard parts with less anxiety.

To talk more about the benefits of home ownership and managing the worries that may come up, Nadeska is joined by Felton Ellington, Community Lending Manager at Chase. Felton and Nadeska express the pride and sense of achievement that come with homeownership, and how these fewer tangible benefits make the financial commitment worthwhile. Felton’s experience offers a pragmatic perspective alongside discussions of home ownership as the American Dream. As he describes the positive impact of ownership on communities and individuals, he is also clear on the necessity of preparing for ongoing expenses and the sometimes-stressful realities of owning your home.

 

You can read the full transcript on the Chase Website