Renting Forever or Ready to Own?

Let’s find out if you're truly prepared to ditch the lease and get the keys—or if you're better off renewing for now.

Instructions: Pick the answer that sounds most like you. Tally your points and check your result at the end!

1. How do you feel about your current rent situation?

A. It’s frustrating—I’m ready to put money toward something I own. (5 points)

B. It’s manageable, but I think I could do better owning. (4 points)

C. Renting works for me—I don’t mind paying monthly to avoid commitment. (2 points)

D. It’s the only option I can afford right now. (1 point)

2. How consistent is your income?

A. Very consistent—I could show 2+ years of stable income. (5 points)

B. Mostly consistent—some dips but nothing major. (4 points)

C. It’s a little up and down, depending on the month. (2 points)

D. Not consistent at all—I don’t know what’s coming next. (1 point)

3. Do you know your credit score and what’s on your report?

A. Yes, I monitor it and I know what lenders will see. (5 points)

B. I’ve checked it recently but don’t understand all the details. (3 points)

C. I checked a while ago, but haven’t followed up. (2 points)

D. I have no idea what my score is. (1 point)

4. What does your savings account look like?

A. I have money saved for a down payment, closing costs, and an emergency fund. (5 points)

B. I’m halfway there and saving consistently. (4 points)

C. I’ve started saving but it’s slow going. (2 points)

D. I’m living check to check—no savings yet. (1 point)

5. What’s your debt situation like?

A. Low and manageable—I’ve paid off a lot or never carried much. (5 points)

B. I have debt but I’m making regular payments. (4 points)

C. I’m carrying some credit card or student loan debt with missed payments. (2 points)

D. Debt? We don’t talk about her. (1 point)

6. Why do you want to own a home?

A. To build wealth, gain stability, and stop renting for good. (5 points)

B. I’m ready to grow and want a space of my own. (4 points)

C. Because everyone else is doing it. (2 points)

D. I don’t really know—I just want to see if I can qualify. (1 point)

7. If something breaks in your apartment or house, you…

A. I’m ready to handle it—homeownership responsibility doesn’t scare me. (5 points)

B. I’d figure it out, even if I had to stretch a little. (4 points)

C. I’d rather call a landlord—maintenance is not my thing. (2 points)

D. Umm... I’d probably just ignore it and hope it fixes itself. (1 point)

SCORE BREAKDOWN

30–35 Points: Ready to Own

You’ve got your finances, mindset, and goals aligned. You're prepared for the responsibility and ready to break the renting cycle. Start looking—your home is out there!

22–29 Points: Almost Ready

You’re not far off! With a little more savings or credit prep, you’ll be more than ready. Stay focused and consistent—it’s closer than you think.

13–21 Points: Renting for a Reason

You’re doing what works for now, but there are some areas to work on before buying becomes a good move. Keep learning and building so you’re ready when the time is right.

Below 13 Points: Renting Is the Move (For Now)

Homeownership might not be the best next step just yet—but that doesn’t mean it’s not possible. Take this as a sign to start preparing, not panicking. Start small. Grow smart.