There are several advantages and disadvantages to consider when buying property in the village of Cherokee, North Carolina.

Advantages:
- Natural beauty: The village of Cherokee is located near the Great Smoky Mountains National Park, which offers stunning views and outdoor recreation opportunities, such as hiking, camping, and fishing.
- Rich Native American history and culture: Cherokee is the cultural center of the Eastern Band of Cherokee Indians and is home to several museums, historical landmarks, and other cultural attractions.
- Affordable housing: Compared to larger nearby cities like Asheville, Cherokee offers relatively affordable housing options.
- Low cost of living: Cherokee's cost of living is lower than the national average, which can make it an attractive option for those looking to save money.

Disadvantages:
- Limited job opportunities: Cherokee is a small village, and as such, job opportunities may be limited. Many residents commute to neighboring towns and cities for work.
- Remote location: Cherokee is situated in a somewhat isolated location, with limited access to major highways and cities. This can make travel and commuting more difficult.
- Seasonal tourism: Cherokee's economy relies heavily on tourism, which is seasonal and can fluctuate. This means that job opportunities and economic stability may be less predictable.
- Limited amenities: Cherokee is a small village, and as such, it may have limited amenities, such as shopping, dining, and entertainment options.

Overall, whether buying property in Cherokee is a good decision depends on your personal preferences and priorities. If you value natural beauty, Native American history and culture, and affordable housing, Cherokee may be a great place to live. However, if you require access to job opportunities or certain amenities, Cherokee may not be the best fit for you.