Buying a home can be an exciting prospect but can be difficult if you aren’t adequately prepared. The Montana Board of Housing encourages all potential homebuyers to take a Homebuyer Education class to help determine if it is the right time, personally, for you to buy a home.
Home ownership offers clear advantages for some families: tax breaks, money going toward equity for you rather than your landlord, and the ability to decorate and remodel your home as you like. But owning your first home can also offer challenges, particularly if you buy a house before you are ready. You usually need to make an initial investment in the form of a down payment; you will have to bear the cost of maintenance and repairs; and you will have to sell your home, which can often take months, before you can move. Weigh the pros and cons carefully before deciding if homeownership is right for you now.