Advantages of purchasing real estate in Lebanon, CT include:

1. Small-town feel: Lebanon is a small, rural town with a tight-knit community that values a high quality of life.

2. Natural beauty: The town is surrounded by picturesque forests and is home to numerous streams and ponds, making it an ideal location for those who enjoy outdoor recreation.

3. Convenient location: Lebanon is located just east of the Connecticut River, providing easy access to both Hartford and New London.

4. Affordable housing: Compared to many of Connecticut's larger cities, real estate in Lebanon is generally more affordable.

Disadvantages of purchasing real estate in Lebanon, CT include:

1. Limited job market: The town's small size means that job opportunities may be limited, and many residents commute to nearby cities for work.

2. Lack of amenities: While Lebanon has many natural attractions, it is a relatively small town with few restaurants, shops, and other amenities.

3. Harsh winters: Connecticut winters can be long and cold, which may not be appealing to everyone.

4. Limited cultural opportunities: Again, due to its small size, Lebanon may not offer the same variety of cultural attractions as larger cities.

These factors should be taken into consideration when weighing the advantages and disadvantages of purchasing real estate in Lebanon, Connecticut.