Getting Started 1. Managing Your Money 2. The Home Buying Process 3. Keeping Your Home
 
Benefits of Owning a Home
Deciding to Buy or Rent

Getting Started

 
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When you rent, you can live in a neighborhood for as little or as long as you like. You are free from maintenance duties like mowing the lawn and fixing the plumbing. Still, there are many good reasons to own a home.

Take a quick survey to see if you're ready to buy a home.

Click Survey to begin.

Some people rent because they think that they can't afford to buy a home. But over time, buying a home may cost less than renting.

Demonstration

Look at a brief demonstration of a Buy vs. Rent planning tool that can help you decide which is best for you. Then you'll have a chance to use the tool to see if buying may cost less for you. Follow the directions below to see the demo.

Directions

  1. Click the link Demo - Buy Vs. Rent Demo - Buy Vs. Rent. The demonstration will begin in a new window.

  2. Watch the entire animation. Note: Clicking each item opens a detailed explanation.

  3. When the animation stops, click the Close Window box to return to the course.

Practice

Now you can practice using the Buy Vs. Rent Planning tool using your own information. Read all the directions below before beginning to use the tool.

Directions

  1. Click the link Buy Vs. Rent. The Buy vs. Rent Planning tool will open in a separate window.

  2. Type the costs for your situation in the boxes shown.

  3. Click the Create Detailed Printer-Friendly Report button to view a detailed comparison of costs.

  4. Click the Close Window link to return to the course.

In the next section, you can answer some questions on what you've learned about the advantages and disadvantages of owning a home.


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MainGetting Started • 1. Managing Your Money 2. The Home Buying Process3. Keeping Your Home

 

Click to begin Income and Expense Demonstration