What would you say are the advantages and disadvantages of owning a home

we own our own home. the advantages are: i choose the paint, inside and out, i make beautiful curtains. we just added a huge roofed front deck, we already have a huge covered deck in the back, we enlarged our kitchen and the list goes on,and on.
but when we have plumbing problems, or the roof leaks, it would be nice to call the landlord. but i still like owning better then renting. i get to play "home decorator'. lol

i would prefer owning a home. though it does have the disadvantages that you mention but at the long run it will be yours and you can passed it to your siblings or other family relative.

Hi littlefranciscan! We own our home and I do agree with the disadvantages that you have just mentioned which are the taxes and the repair and maintenance that we have to manage. The advantage is I have something I can really call my own. Take care and have a nice day.

Pros - you can decorate the way you want
you own something
you gain equity
you're not making a landlord rich
you have pride of ownership
you have your own little chunk of land for a garden.

Cons -
you have to shovel, and rake leaves
things break, expensive things, like furnace, roof, etc.
lots of maintenance
more rooms, more cleaning

I would much rather own my home than to rent. Why? because it is your's, you csan psaint each room a different color as many times as you want to. I'm into color & lots of it, so renting is not an option for me. I love to change things around, rebuild to suit my tastes at the time of 're-discovery'lol....Lori

Primary advantage of owning a home is eventually the home will belong to the person who has been paying the mortgage. I can make changes within the house, put pictures on walls, paint various rooms different colors without being penalized when moving by losing the deposit. Like the privacy of a home vs. an apartment also. Can wash clothes at midnight and not disturb anyone. Have my own garage and driveway. And the list goes on!

On the flip side of the coin when something needs to be repaired, it's our expense. That's not a regular problem as we do keep the appliances in good working order.

Advantages of owning a home, clearly as you said, its yours, you can decorate it, wallpaper it as you please. You can do in that place what you want to without neighbours interfering too much normally. No one can get you out because of unpaid or late rent.

Disadvantages, you have the incredibly high costs of maintenance, some taxes, insurances like fire or burglary which are high too. And if you dont really take the costs of maintenance into consideration before buying your home you will end up in the plumbing aging and rotting and whatever else.

Because of the disadvantages I would never buy a house. I had my share of knowledge there seeing my mother bought the house she lives in 40 years ago and didnt have the cash to get all these things fixed.