There are several advantages and disadvantages to consider when buying property in the village of Bellmont, New York. Here are a few to keep in mind:

Advantages:
- Lower cost of living compared to nearby cities like New York City or Boston.
- A quieter and more relaxing lifestyle, away from the hustle and bustle of the bigger cities.
- A sense of community and neighborliness that can be harder to find in urban areas.
- Proximity to natural beauty, including the Adirondack Mountains and Lake Champlain.
- The potential for more space for your money, as properties in rural areas are often more affordable than in urban areas.

Disadvantages:
- Limited job opportunities in the area, which can make it difficult to find employment if you are not self-employed or working remotely.
- Fewer amenities and services readily available, which can require longer drives to access necessities.
- Limited access to cultural events or entertainment options.
- Maintenance and upkeep of a rural property can be more time-consuming and expensive than in urban areas.
- Possible difficulty in reselling the property if there is a limited buyer pool in the village.

Keep in mind that these are just a few factors to consider, and the specifics of the property you are considering may also impact its advantages and disadvantages.