A homeowner is a person who owns a house or property where they live. This means they have the legal rights to the home and are responsible for its upkeep. Homeowners often take pride in their homes, making improvements and decorating to create a comfortable living space. They may also have a mortgage, which is a loan used to buy the house. Being a homeowner comes with various responsibilities, such as paying property taxes and maintaining the yard and interior. Homeowners can also enjoy benefits like building equity, which is the value of the home that they own outright. This can be a significant investment for the future.