Credit - Just having a mortgage that is paid on time every month vastly improves your credit rating
Investment- a home will appreciate in value and help you to build equity. Real estate is one of the most solid investments that you can make.
Pride - owning a home gives you a feeling of accomplishment like no other.
Tax Advantages- the interest on your home is tax deductible. In addition, there may be other deductions that you can take as a homeowner, depending on your situation. Consult your accountant for details.