Owning your own home can be a little stressful, but you love the thought of having a piece of land and a structure to call your own. Unlike renting (even renting a home), there are many elements of owning a home that you have to be prepared for before you dive in. Even if you think you are ready for all of the bills that need to be paid and the repairs that need to be done, there may be many things you aren't taking into consideration. With the thought of all the major elements of your home that you have to maintain as well as the costly repairs that are incorporated into home ownership, you may be feeling that owning your own home isn't nearly as wonderful as it sounds.
However, home ownership is a great way to build your credit, root your family, and even make money, even if there are things for which you need to be prepared. There are many pros and cons to owning a home, and after weighing them out, you have decided that owning is right for you and your family. If you think you're ready to own your own home, take this home ownership quiz to see if you have what it takes.