When you buy your own home you are investing in you and your family’s future.  Some of the advantages you will enjoy are income tax savings, since the interest you pay on the mortgage of your primary residence is tax deductible.  Also, by buying your own home and selecting a fixed mortgage rate for a period of 10, 15 or 30 years, you ensure stable monthly housing expenses compared to increasing rental fees.  By buying your own home, you essentially force yourself to save and typically the return on your investment will grow as your property increases in value.  Your own home also provides you with more freedom and individuality since you are free to make personal changes and improvements to your own property as opposed to the restrictions faced by renters.