Pros:

1. Appreciation in Property Value: Homeowners in Smyrna have enjoyed consistent appreciation in property value over the years, which means that their properties have become more valuable over time.

2. Tax Benefits: Homeowners in Smyrna receive numerous tax benefits such as interest deduction, mortgage insurance premium deduction, property taxes deduction, etc.

3. Sense of Community: Homeownership in Smyrna provides a sense of community and connectedness. The city has a strong community spirit which is most evident in the local events, festivals and parades.

4. Pride of Ownership: Homeownership provides individuals with a sense of pride and accomplishment. Homeowners in Smyrna often take great pride in their homes and are invested in improving and maintaining their property.

Cons:

1. Financial Responsibility: Homeownership in Smyrna comes with financial obligations such as maintenance, property taxes, insurance, repairs, and upgrades. These expenses need to be factored in when considering buying a home.

2. Limited Mobility: Owning a house in Smyrna means you are tied down to a specific location. This means that if you get a job offer in another city or state, you may have to sell your home or turn it into a rental property.

3. Market Fluctuations: The real estate market can be unpredictable, and the value of your home may fluctuate depending on market forces beyond your control.

4. Initial Costs: The down payment, closing costs, and other expenses that come with buying a new home can be a significant burden for many people.