At Bluecastle Lending, Realty & Title, we understand that a home is more than just a place to live—it’s the foundation for a family’s future. The impact of homeownership on children is profound, affecting everything from their education and health to their long-term well-being. A home provides the stability and safety necessary for children to thrive, and research shows that it has a powerful, positive effect on a child’s development.
CAN OWNING A HOME TRANSFORM CHILDREN AND FAMILIES?
Yes, besides providing stability and financial growth, homeownership greatly impacts children, enhancing their education, health, behavior, and overall well-being.
Owning a home improves kids’ educational success. Children in homeowner households tend to earn better grades, score higher in math and reading, and are more likely to attend college. The stability of homeownership means fewer school changes, helping kids build lasting relationships with teachers and friends.
Parents who own homes also invest more in their kids’ education by creating study spaces, providing learning materials, and staying involved in school activities. This often leads to higher expectations and aspirations for their children’s academic success.
Homeownership positively influences children’s physical and mental health. Stable housing provides a safe, consistent environment, reducing stress and anxiety caused by frequent moves. Low-income households move more than twice as often as higher-income families due to housing costs, structural issues, neighborhood violence, or evictions. However, low-income families who become homeowners are 37% less likely to move again compared to those renting. This stability is linked to lower rates of asthma and other health problems, as homeowners tend to maintain their homes better.
Owning a home also reduces stress and anxiety levels in children, fostering a supportive environment vital for their emotional and psychological growth.
HOW DOES HOUSING AFFECT CHILDREN’S EDUCATION?
BIRTH TO PRESCHOOL
Children who move three or more times before preschool face the most severe negative consequences, negatively affecting their cognitive, emotional, and behavioral development. This is crucial for early education.
ELEMENTARY SCHOOL
Children who experience residential instability in their early elementary years score lower on reading and math tests than children in families with stable homes. These effects can remain through middle school.
MIDDLE & HIGH
Frequent and unplanned moves during adolescence often lead to negative social and behavioral outcomes, which in turn can significantly impact a person’s academic achievement and educational attainment.
The benefits of homeownership for kids extend into adulthood.
Growing up in a homeowner household teaches financial responsibility, hard work, and the importance of investing in the future. Homeownership also provides a financial safety net, with home equity helping cover education costs, breaking the cycle of poverty, and laying a foundation for future generations.
The significant benefits of homeownership for children are clear, but for many families, the upfront costs and complexities of the process seem overwhelming. Bluecastle Lending, Realty & Title has developed a model to address this challenge. We offer a straightforward path to homeownership by overcoming the financial barriers that prevent families from achieving this vital stability. We believe every child deserves the foundation that a home provides.
Bluecastle’s innovative solutions are designed to make homeownership achievable:
- 3.5% Total Out-of-Pocket: We assist qualified buyers in securing a home with just the down payment, which for FHA is 3.5% and 0% for VA, with the closing costs often covered by a combination of seller contributions and generous lender credits, significantly reducing the cash needed at closing.
- $1,500 for Movers: Our “Bluecastle Moves” program offers up to $1,500 toward moving expenses, easing both the financial and physical challenges of relocating your family.
- Free Refinance: Our “Buy Now, Free Refinance Later” program covers up to $2,500 in closing costs if interest rates drop within three years, providing long-term peace of mind.
- A Transparent Process: We empower buyers with an integrated approach, giving them direct access to real-time negotiations and key financial and neighborhood data through our proprietary browser extension, fostering trust and efficiency.
The evidence is clear: homeownership is one of the most powerful tools a parent can use to shape their child’s future. It offers the foundation for better education, health, and emotional well-being. Don’t let high costs be an obstacle. Discover how Bluecastle Lending, Realty & Title can help your family reach the goal of homeownership and provide your child with the foundation they need to succeed.
