Advantages of home ownership in Rowland, North Carolina:
- Equity: Owning a home can help build equity which can be an asset if the value of the property appreciates over time.
- Stable housing costs: Owning a home can provide stability in terms of housing costs. Unlike renting, where landlords can increase rent at their discretion, owning a home ensures stability in terms of mortgage payments.
- Pride of ownership: Owning a home can be a source of pride and a connection to the community.

Disadvantages of home ownership in Rowland, North Carolina:
- Responsibility for maintenance: As a homeowner, you are responsible for the upkeep and repair of your property which can be both time-consuming and costly.
- Risk of home value depreciation: There is a possibility that the value of your property could decrease, especially if there is a downturn in the local real estate market.
- Limited mobility: Homeownership can tie you down to a specific location, making it more difficult to move if you need to relocate for work or personal reasons.

It's also worth noting that the advantages and disadvantages of home ownership can vary based on individual circumstances, such as personal financial situation, family size, and lifestyle preferences.