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Mark your calendars for January 21, because it's time to celebrate Own Your Own Home Day! This holiday was created to recognize the milestone of owning a home and all the hard work that goes into achieving it. From saving up for a down payment to house hunting and signing those mortgage papers, becoming a homeowner is a huge accomplishment. Plus, owning a home provides stability, security, and the freedom to personalize your living space. So let's raise a glass (or a hammer) in honor of this special day!
<div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1934</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Creation of the FHA</div><div class='timeline-text'>The Federal Housing Administration (FHA) is established to improve housing conditions and standards; it introduces long term mortgages, making home ownership more achievable.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1944</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>GI Bill Signed</div><div class='timeline-text'>The original GI Bill was signed into law, making a provision for home loans to veterans, thereby opening up home ownership to a new demographic.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1975</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Introduction of ARMs</div><div class='timeline-text'>Adjustable Rate Mortgages (ARMs) are introduced, offering lower initial costs and the potential for young home buyers to get into the property market.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1986</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Tax Reform Benefits Homeowners</div><div class='timeline-text'>The Tax Reform Act of 1986 is passed, making mortgage interest one of the few remaining deductible items for many taxpayers and incentivizing home ownership.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1997</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Homeowner Tax Breaks</div><div class='timeline-text'>The Taxpayer Relief Act of 1997 is passed, providing significant tax breaks to homeowners compared to renters and further encouraging home ownership.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2010</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Creation of Own Your Own Home Day</div><div class='timeline-text'>The first Own Your Own Home Day is celebrated to mark the significance of home ownership and the impact it has had on society throughout the years.</div></div></div>
<div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>1</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Plan a housewarming party</h3><p id='' class='facts-text'>Invite your friends and family over to celebrate your new home! This is a great way to show off your space and create new memories in your own home.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>2</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Decorate your new home</h3><p id='' class='facts-text'>Put your personal touch on your new home by decorating it with your favorite colors, furniture, and decor. This is a fun way to celebrate and make your house truly feel like your own.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>3</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Take a home improvement class</h3><p id='' class='facts-text'>Celebrate by learning new skills to improve and maintain your own home. Whether it's a DIY workshop or a gardening class, you'll feel empowered and proud as a homeowner.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>4</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Host a movie night in your new home</h3><p id='' class='facts-text'>Invite your friends and family over for a cozy movie night in your new space. You can even make it a theme night and watch movies about owning homes or decorating.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>5</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Create a memory wall</h3><p id='' class='facts-text'>Celebrate all the memories you'll make in your new home by creating a memory wall. Hang up photos and mementos from special moments in your life to remind you of the journey to homeownership.</p></div></div>
<div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>A</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>It's a major accomplishment</h3><p id='' class='whywelove-text'>Purchasing and owning your own home is a huge achievement. It takes hard work, dedication, and financial responsibility to make it happen. Celebrating Own Your Own Home Day allows you to recognize and feel proud of this milestone in your life.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>B</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>It's a symbol of stability</h3><p id='' class='whywelove-text'>Having a place to call your own can provide a sense of security and stability in your life. This is especially true on Own Your Own Home Day, where you can reflect on the journey it took to get to this point and feel grateful for the comfort and stability your home provides.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>C</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>The possibilities are endless</h3><p id='' class='whywelove-text'>Owning your own home means having the freedom to make it truly yours. From decorating to landscaping, there are endless possibilities for creating a space that reflects your personal style and creativity. Take advantage of Own Your Own Home Day to plan and start projects that will make your home truly unique.</p></div></div>
<div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>1</p></div><div class='facts-core-content'><h3 class='facts-title'>Buying a Home Is Often Cheaper Than Renting</h3><p class='facts-content'>Depending on the market, it is often cheaper to pay a monthly mortgage than to rent a home or an apartment. Plus, homeowners also build equity over time.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>2</p></div><div class='facts-core-content'><h3 class='facts-title'>The Average Down Payment Is Lower Than You Think</h3><p class='facts-content'>Many believe that you need a 20% down payment to buy a home, but the truth is that many first-time buyers pay far less. Some types of loans allow down payments as low as 3% or even 0% for military veterans.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>3</p></div><div class='facts-core-content'><h3 class='facts-title'>Your Credit Score Matters, But It's Not Everything</h3><p class='facts-content'>While having a high credit score can make getting a mortgage easier and at a lower interest rate, there are programs available specifically to help those with low scores become homeowners.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>4</p></div><div class='facts-core-content'><h3 class='facts-title'>You Can Negotiate Home Prices</h3><p class='facts-content'>In real estate, everything is negotiable including asking price, closing costs, and terms of the sale. This means you can get a better deal than the listing price.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>5</p></div><div class='facts-core-content'><h3 class='facts-title'>Home Inspections Are Crucial</h3><p class='facts-content'>Home inspections could uncover potential costly issues that may influence your decision to purchase the house or negotiate for a lower price.</p></div></div>
Own Your Own Home Day is celebrated on January 21 every year. In 2024, Own Your Own Home Day will occur on a Sunday.
2023
Jan 21
Saturday
2024
Jan 21
Sunday
2025
Jan 21
Tuesday
2026
Jan 21
Wednesday
2027
Jan 21
Thursday
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