Advantages of home ownership in Preston, Minnesota may include:

1. Stable housing costs: Homeownership allows you to lock in your monthly mortgage payment, providing predictability and stability for your housing costs.

2. Building equity: Owning a home allows you to build equity, which can be used later in life for retirement, investment, or for passing on to future generations.

3. Sense of community: Owning a home in Preston, Minnesota can give you a sense of community and involvement in local affairs which can lead to a deeper connection with the wider community.

4. Home appreciation: Over time, the value of your home may appreciate or increase in value, which can increase your overall net worth.

Disadvantages of home ownership in Preston, Minnesota may include:

1. Property taxes: As a homeowner, you will be responsible for paying property taxes, which can fluctuate over time, and can ultimately increase in cost.

2. Maintenance costs: As a homeowner, you will be responsible for the maintenance and upkeep of your home, which can be costly and time-consuming.

3. Interest and mortgage payments: As a homeowner, you will be responsible for making mortgage payments each month, which will include interest payments on the loan you have taken out to purchase the home.

4. Initial costs: Purchasing a home requires a large upfront cost, including a down payment, closing costs, and other associated fees.