There is no one right answer on whether it makes sense to buy a home. The decision about whether to rent or buy depends on your personal situation, your future plans, and your geographic location. For some, renting may make sense. For others, homeownership is an effective way to build equity and save for the future.
Want help deciding whether you are ready for homeownership?
Search our calendar of classes and register for our "Own Your Home, The Keys and Steps Toward Homeownership" workshop. This workshop will help you determine if you are ready to buy a home, and will take you through the steps necessary to make your dream of homeownership a reality! After this workshop you will learn the advantages and disadvantages of home ownership, you will determine if you are ready, know who the key players are in the home buying process, and finally you will be able to identify the steps necessary to achieve your goal of homeownership.
Local housing nonprofits can also help you afford to buy a home. Here are some New Haven organizations to connect with: