Some benefits of homeownership in the village of Deerfield, Michigan could include:

1. Building equity: owning a home allows you to build equity over time, which can help you grow your net worth.

2. Stability: owning a home provides a sense of stability, as you don't have to worry about your landlord raising your rent or not renewing your lease.

3. Tax benefits: homeownership can provide tax benefits, such as deducting mortgage interest and property tax payments on your income taxes.

4. Pride of ownership: owning a home can provide a sense of pride and accomplishment, as you have a place to call your own and can make improvements to the property to suit your needs and style.

5. Potential for appreciation: home values can appreciate over time, especially in up-and-coming areas like Deerfield, which could allow you to sell your home for more than you paid for it.

It's important to note that homeownership also comes with responsibilities, such as maintaining the property and making mortgage payments. However, many people find the benefits of homeownership to outweigh the costs.