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American dream still includes homeownership

Posted on Thursday, March 8, 2012 at 5:52:08 PM

According to a recent National Foundation for Credit Counseling (NFCC) poll, the majority of Americans still dream about homeownership. Approximately 51 percent of those surveyed indicated they would buy a home if their financial situation improved. Another 23 percent of respondents said home renovation and repairs were high on their intentions for the future.

"Homeownership has traditionally been a part of sound financial planning," said Gail Cunningham, spokesperson for the NFCC. "With a combined total of 74 percent of respondents selecting a home-oriented option, the poll results strongly suggests that people continue to place value in owning a home, and are anxious to buy a house or improve their existing one."

Home improvement loans may be the answer for many property owners seeking to make changes. Renovations are a common and time-tested method of adding value to a property. Consumers with a decent credit score may be able to attain a loan to afford the products, labor and planning a home renovation will often entail.  Investing time and money in a property is often a smart financial decision for many homeowners. ADNFCR-16001052-ID-800726250-ADNFCR