One of the main benefits of owning your own home is that it becomes an investment for you. With renting, you pay money to a landlord, and when you leave the rented accommodation, you do not receive anything back by means of any money that you have paid in. When you pay towards a mortgage or a house, you are buying the house. When you come to sell, you will be able to make back the money that you paid in, and often it is even possible to make a profit on your investment.
Having security and a safe place to live is another benefit. With rented accommodation, the landlord reserves the right to evict you at any point, leaving you to find another home to move to in a short amount of time. With home ownership, as long as you keep up any mortgage repayments, you will be able to safely live there knowing that it is your home and no one can make you move.
Making the home your own is another important factor when it comes to home ownership. In a home that you are renting, you will need to get permission from your landlord if you want to make any cosmetic changes. If you ask your landlord to make these changes, then it is up to them whether or not they agree to your request or not. When you own your home yourself, you are free to decorate as you wish and if you need more space, you can even install extensions on your property, knock down internal walls or have walls put up to split rooms into two.
Many gardens at rented premises are badly maintained, if they are even maintained at all. If you ask your landlord for help with the garden at the rented accommodation, they are unlikely to help you. When you buy your own home, you are free to make any changes that you wish to.