Advantages of home ownership in Leland, Illinois may include:

1. Stable housing costs: Unlike renting, owning a home in Leland allows you to have more predictable housing costs as you are paying a fixed mortgage payment every month.

2. Equity: As you get closer to paying off your mortgage, owning a home in Leland can build equity that can be used to obtain loans or finance other aspects of your life.

3. Pride of ownership: Owning a home in Leland can give you a sense of pride and accomplishment as you have your own property to call home.

Disadvantages of home ownership in Leland, Illinois may include:

1. Maintenance and repair costs: As a homeowner in Leland, you will be responsible for maintaining and repairing your home, which can come with unexpected costs.

2. Market fluctuations: The value of your home in Leland can be affected by changes in the housing market, which can lead to fluctuations in the value of your investment.

3. Property taxes: Leland, like most counties in Illinois, has property tax rates that can be relatively high. As a homeowner, you will need to budget for these expenses.

It's important to keep in mind that the advantages and disadvantages of home ownership in Leland, Illinois can vary depending on individual circumstances such as your financial situation, lifestyle preferences, and goals.