Advantages of purchasing real estate in the village of Venice, New York can include:

1. Quaint and quiet living: Venice is a small village, so you are likely to experience a peaceful and quiet lifestyle.

2. Affordable cost of living: Generally, properties in small villages tend to be more affordable than those in big cities.

3. Community-oriented environment: If you are looking to experience a strong sense of community, Venice may be a great option for you.

4. Close to nature: Venice is surrounded by beautiful landscapes and natural areas, providing plenty of opportunities for outdoor activities such as hiking, fishing, or hunting.

Disadvantages of purchasing real estate in the village of Venice, New York can include:

1. Limited access to amenities: Venice is a small village, meaning that there may not be as many shopping centers, restaurants, or other amenities available as in bigger areas.

2. Limited job opportunities: If you are looking to work in the city or a more commercialized area, you may find that job opportunities are limited in Venice.

3. Weather: New York can experience harsh winters and heavy snowfall, which may not be appealing to some individuals.

4. Risk of natural disasters: Venice is located near water bodies, which can put it at risk of flooding or severe weather. It is essential to get proper insurance coverages to protect property from such eventualities.