Purchasing a home gives families a sense of stability. Renters are required to sign leases based on a certain number of years, compared to owning a home which provides an “infinite lease.” An “infinite lease” would provide children with a stable environment, which is crucial to a child’s development. This stability allows children to create meaningful relationships and develop necessary social skills that will help them throughout their life. Not having a stable place to live can also affect children academically. Research has shown that children who move frequently tend to have lower academic standards, since switching to a different school district can be overwhelming to young children. This research also explains that children who lacked a permanent home address suffered from fewer high-quality relationships as adults, less life satisfaction, and lower overall well-being.
Purchasing a home is a big decision for families. But the positive impact on children’s present and future compared to renting is undeniable. BV Homes’ Mountain Hawk community is in the Rio Rancho Public School District, rated one of the top school districts in the state of New Mexico.
Contact us today to learn more about what BV Homes can do to help you and your family take the next step towards a positive future.
References:
Adam, Emma K. 2004. “Beyond Quality Parental and Residential Stability and Children’s Adjustment,” Current Directions in Psychological Science
Green, Richard K. 2013. “Do Kids of Homeowners Do Better Than Kids of Renters?” University of Southern California https://www.huduser.gov/portal/periodicals/cityscpe/vol15num2/ch17.pdf
