Pros of home ownership in Westwood Lakes, Florida may include:

1. Appreciation in property value: as the city grows, property values may increase over time, leading to a good return of investment.

2. Property tax benefits: homeowners in Florida are eligible for property tax deductions, which can reduce the overall cost of homeownership.

3. Good climate: the city of Westwood Lakes experiences pleasant weather all year round, with mild winters and warm summers.

4. Proximity to attractions: Westwood Lakes is located close to famous attractions in the Miami-Dade area, such as the Miami Beach, Dolphin Mall and more.

5. Access to outdoor activities: the city offers plenty of parks and recreational opportunities such as hiking and water sports.

Cons of home ownership in Westwood Lakes, Florida may include:

1. High cost of buying a home: homes in Westwood Lakes can be expensive, making it difficult for some buyers to break into the market.

2. Hurricane risk: Westwood Lakes is located in a hurricane-prone area, which can make homeownership risky.

3. High homeowners insurance: homeowners in Florida need insurance to protect their property against natural disasters, however, this can be expensive in hurricane-prone areas.

4. Traffic: with popular tourist destinations nearby, Westwood Lakes may experience heavy traffic in some areas.

5. Property maintenance: homeowners are responsible for the maintenance and upkeep of their homes, which can be expensive and time-consuming.