Here are some potential pros and cons of homeownership in Franklin, Michigan:

Pros:
- Location: Franklin is located within the highly desirable Oakland County, which offers access to top-rated schools, low crime rates, and a strong local economy.
- Community: Franklin is a small village with a tight-knit community. It offers close proximity to downtown Detroit while still offering a quieter, suburban lifestyle.
- Property value: As a highly sought-after area, property values in Franklin tend to be strong, which can be beneficial if you plan to sell in the future.
- Investment: Homeownership is considered a long-term investment that can help build equity over time.

Cons:
- Cost: Being in a desirable area also means that homes in Franklin can be more expensive than other areas in Michigan. This could make it harder to afford a home or result in a larger mortgage payment.
- Property taxes: Michigan property taxes can be higher than other states, so this could be a factor to consider when budgeting for homeownership in Franklin.
- Maintenance: As a homeowner, it is your responsibility to maintain your property. This could mean a higher level of expense and effort for upkeep, repairs, and potential renovations.

These are just a few pros and cons to consider when thinking about homeownership in Franklin, Michigan. It's important to weigh the pros and cons of this decision based on your personal circumstances and financial situation.