Owning a home of your own is without a doubt one of the most outstanding achievements for any individual. The only issue people face nowadays is that finding an affordable house isn’t that easy. That is the main reason why people are forced to live in rented properties. Read about Affordable Housing for Families below.
Now living in a rented property isn’t bad but there are several drawbacks of it, such as:
- The family lives temporarily in a rented house. Any moment a landlord can give a notice of a month to move out. All this can happen due to any reason. Moreover, when rates of inflation rise, the rent of the house also increases.
- Those who live on rent fail to save or are unable to invest. It can become a massive issue because for a stable future, savings are the key.
- A person cannot renovate or decorate the rented house in a way that they might prefer. It is something that upset many, as everyone likes to have a home that represents them.
It is the prime reason why the government and private developers should take steps to provide affordable housing. It is not wrong to say that it is a necessity. Because from past many years only the elite class is enjoying the perks of living a comfortable life. This trend must end soon.
Globally governments are taking steps to solve this problem, as it is also beneficial for them in so many ways. Even countries like Pakistan and India are taking steps to do their best for their native residents. In Pakistan, many affordable housing schemes are grabbing the attention of the investors, such as Park view Lahore, Bahria Town, Scheme 33, and so on. In India, the trend of living in apartments is a bit high, so people are getting opportunities accordingly.
Positive Impacts of Affordable Housing on Families
Down below are the top benefits an affordable home brings to a family.
Allows the Children to Grow
Frequent relocation from one house to another causes trouble for the children. They have to leave their friends and school. Moreover, it can become difficult for them to adjust to a new place quickly, and when they do, they have to move out again. All this will have an impact on their confidence and growth.
When the family has their own home, even though it’s small, it allows the children to prosper. That is how they are able to make strong connections with their friends and teachers. They can even participate in different activities which help them grow.
Children School Performance Gets Better
According to a study, the children living in a personal home perform well in school. Their grades are better than those who live in a rented property. Moreover, the difference in attendance can be seen clearly, too. Also, the children who move homes frequently don’t get to enjoy school often.
Here blaming a parent is not a good idea as they don’t have enough resources to buy their own home. But by providing the facility of affordable housing, the problem at hand can be solved.
It’s Good for Mental Health
Those who live on rent stay stressed more often. It is because they don’t have any idea when the landlord might ask them to move out. They continuously stay on the hunt for a new rented property. Most of the time, people work all day long to fulfill family needs which don’t allow them to spend quality time with children.
Affordable housing can resolve this issue, as the stress of relocation from time to time will end. There is no need to worry that someone will kick you out of the house. Even the financial stress will reduce and a person will feel free to spend time with the family.
Living in a rented property isn’t cost-effective. Not only does the rent increase after some time, but a person also has to ensure everything stays in good condition. Also, bills are the responsibility of the tenant. Every month after paying the bills and rent, a person is left with less money that isn’t enough to eat healthily or to accommodate themselves accordingly.
Contrary to that, once a person moves into their own home, circumstances change dramatically. Not only are they able to eat healthily, but they are also able to save a few bucks every month too, which brings financial stability.
Lastly, those people who regard owning a property an expensive investment. They are advised to think twice. A home is a private and intimate property and once you own it, no one else can claim it as theirs. The money spent on the house is like an investment that benefits an individual in the future. You can sell the house in the future when the property prices are high in the market and you can buy a home that is much better and bigger than the previous one. Hope you love reading about Affordable Housing for Families.