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1. If you have a stable income.
2. If you are 100% ready to take on paying taxes etc.
3. If you're gonna stay there for a while.
Some extras:
4. If your financial house is in order.
5. If your life is stable. 
6. How much you have in the bank.
7. Monthly cash flow.
8. And if you're ready to take on increased responsibilities. 

The three factors to consider when deciding if you are ready for home ownership are;

Finance

Location of the home

Lifestyle

When considering if you are ready for home ownership, there are different factors that one needs to consider but we would group them into 3 major factors as explained below;

  1. Finances; This is probably the most important factor to consider before deciding if you are ready for home ownership. This is because the higher your credit score the greater chances you have to make use of low mortgages as well as other credit facilities that are available for only those with high credit scores.
  2. Location of the home; The location of the home is also very important because there are some areas that attract heavier taxes and have very high cost of living. Thus, it is very advisable to know the location so that you can get the cheapest possible option that will save you money from taxes and cost of living.
  3. Lifestyle; This is very important because buying a home is quite expensive and as such, if you know your lifestyle may not allow you stay in that house over a long period of time, then it may be wise to pull the breaks so you don't spend money that you would not utilize the value.

Read more about factors to consider when buying a home at; https://brainly.com/question/12177487