Here are some general pros and cons of purchasing real estate in the village of Watkins, Minnesota:

Pros:
- Affordability: The cost of living in Watkins is lower than the national average, and the median home value is below the state average.
- Rural lifestyle: Watkins is a small, rural village with a population of less than 1,000 people, making it an ideal location for those who want a quieter lifestyle.
- Outdoor recreation: Watkins is located near several lakes, parks, and forests, providing plenty of opportunities for outdoor recreation and activities.
- Strong sense of community: Small towns like Watkins often have a strong sense of community and tight-knit relationships among residents.

Cons:
- Limited amenities: Being a small village, Watkins has limited amenities such as shopping, dining, and entertainment options. Residents may need to travel to larger cities for certain services.
- Lack of job opportunities: The job market in Watkins may be limited, and residents may need to commute to larger cities for work.
- Harsh winters: Minnesota has cold and harsh winters, and Watkins is no exception. It's important to consider if this type of weather is something you can handle.
- Limited real estate market: The real estate market in Watkins may be smaller and more limited than in larger cities, giving buyers fewer options to choose from.

It's important to note that these are general pros and cons, and it's important to conduct more research and consider your own personal preferences and circumstances before making any real estate investment decisions.