Here are some potential pros and cons of home ownership in the village of Fort Edward, New York:

Pros:
- Potentially lower cost of living compared to nearby cities like Saratoga Springs or Albany
- Access to outdoor recreational activities, like the Hudson River, nearby state parks, and hiking trails in the Adirondack Mountains
- Potential for home appreciation over time, depending on the condition and demand of the property
- Sense of community and small-town charm

Cons:
- Limited job opportunities in the immediate area, which may require commuting to other towns or cities for work
- Limited access to big-city amenities, entertainment, and dining options
- Older homes may require more maintenance or renovation work over time
- Risk of potential natural disasters in the area, like flooding along the Hudson River or winter storms in the Adirondacks

It's important to note that the pros and cons of home ownership in Fort Edward, NY may vary depending on individual circumstances and preferences. It's always recommended to do thorough research and gain a good understanding of the local housing market before making any decisions.