5 Signs You Are Ready To Be a Homeowner (That Have Nothing To Do With Money) 5 Signs You Are Ready To Be a Homeowner (That Have Nothing To Do With Money) Being ready to buy a home isn't entirely determined by your finances. Homeownership is also a lifestyle change that you have to be willing to take on. Ana Durrani, provided by FacebookTwitterEmail There comes a time in renters' lives when they ask the age-old question: Should I become a homeowner? Obviously, finances have a lot to do with the decision whether to rent vs. buy. But there's more to it than just credit ratings and cash reserves—homeownership is a lifestyle change that you have to be willing to take on.