Homewood, Illinois is a lovely and safe suburb to live in, located approximately 25 miles south of Chicago. Here are some potential pros and cons of homeownership in Homewood:

Pros:
1. Great community: Homewood has a strong sense of community with active residents, local events, festivals, and volunteer opportunities.
2. Location: Homewood is close to many amenities like shopping, dining, healthcare providers, and public transportation, making it an ideal location to live.
3. Good schools: Homewood is home to excellent schools, including three public schools and two private schools.
4. Property value: Homewood homes' property values have increased in the last ten years, presenting potential equity if investing in a property.
5. Diverse housing options: Homewood offers a wide range of housing options, from small condos to expansive properties.

Cons:
1. High cost: Homewood homes can be more expensive than the surrounding suburbs, which can be a downside for some buyers.
2. Property taxes: Property taxes in Homewood are among the highest in Illinois.
3. Natural disasters: Homewood experiences severe weather from time to time, including strong winds and flooding, which can be a potential concern for homeowners.
4. Commute times: If you work in downtown Chicago, commuting from Homewood can be lengthy and expensive.

Keep these factors in mind when weighing your decision to buy a home in Homewood.