Advantages of buying property in the village of Chilhowie, Virginia are:

1. Affordability: Chilhowie is a small village with a relatively low cost of living, making it an ideal place to purchase property for people who are looking for more affordable options than larger cities or towns.

2. Beautiful Scenery: Chilhowie is located in the picturesque mountains of Southwest Virginia and is surrounded by breathtaking natural scenery. If you enjoy outdoor activities such as hiking, fishing, or camping, Chilhowie could be an excellent place to purchase property.

3. Quaint Community: Chilhowie has a small, tight-knit community that is known for its friendly and welcoming residents. If you value a sense of community, you may find Chilhowie to be the perfect place to call home.

Some disadvantages of buying property in Chilhowie, Virginia are:

1. Limited Job Opportunities: Due to its small size, Chilhowie has limited job opportunities compared to larger towns and cities. If you're looking for a thriving job market, the village may not be the best choice for you.

2. Limited Amenities: Chilhowie is a small village, and as such, it does not have the same breadth of amenities as larger cities or towns. This could be a disadvantage if you require access to particular amenities such as high-end shops or restaurants.

3. Harsh Winter Weather: Being located in the mountains, Chilhowie experiences harsh winter weather conditions, including snow, ice, and below-freezing temperatures. If you're not used to living in areas with severe winter weather, this could be a significant disadvantage.