Start by thinking about your situation. Are you ready to buy a homeHow much can you afford in a monthly mortgage payment (refer to mortgagecalculator) How much space do you need What areas of town do you like Afteryou answer these questions, make a To Do list and start doing casualresearch.

Buying is almost always better than renting! The one advantage ofrenting is being generally free of most maintenance responsibilities. But byrenting, you lose the chance to build equity, take advantage of tax benefits,and protect yourself against rent increases. Also, you may not be free todecorate without permission and may be at the mercy of the landlord forhousing.

Owning a home has many benefits. When you make a mortgage payment, you arebuilding equity. And that's an investment. Owning a home also qualifies you fortax breaks that assist you in dealing with your new financial responsibilities-like insurance, real estate taxes, and upkeep- which can be substantial. Butgiven the freedom, stability, and security of owning your own home, they areworth it.