Pros:
- Building equity: Homeownership allows you to build equity in your home over time, which can be used for future investments.
- Tax benefits: Homeowners are eligible for a number of tax deductions, including mortgage interest, property taxes, and energy-efficient upgrades.
- Stability: Owning a home provides stability and a sense of permanence, knowing that you have a place to call your own and can control your living situation.
- Investment: Real estate can be a solid long-term investment, and as home values increase, your investment grows.

Cons:
- Upfront costs: Buying a home requires a significant amount of upfront costs, such as a down payment and closing costs.
- Maintenance and repairs: As a homeowner, you are responsible for maintaining and repairing your property, which can be costly and time-consuming.
- Market fluctuations: Real estate values are subject to market fluctuations, and in some cases, homeowners may owe more on their mortgage than their home is worth.
- Limited flexibility: Owning a home can limit your flexibility to move and explore new living situations.

In terms of Whitemarsh Island specifically, some additional factors to consider may include the local housing market, property taxes, and proximity to amenities like schools and shopping centers.