Here are some general pros and cons of buying property in the village of Chico, Texas:

Pros:
- Affordability: Compared to many urban areas, Chico's cost of living and housing prices tend to be lower.
- Rural and natural setting: Chico is located in a rural setting with scenic views, open spaces, and outdoor recreational opportunities.
- Small-town community: Chico has a close-knit, small-town community that may appeal to those who prefer a slower pace of life and a strong sense of community.
- Safety: Chico has a relatively low crime rate compared to many urban areas.

Cons:
- Limited amenities: Chico is a small village, so residents may have to travel outside the area for services such as shopping, dining, and entertainment.
- Distance from larger cities: Chico is about an hour's drive from larger cities such as Fort Worth and Dallas, which may be a drawback for those who want to live near cultural amenities or frequent these areas for work or leisure.
- Limited job opportunities: Because Chico is a small community, job opportunities may be limited and may require commuting to a larger city for work.
- Climate: Texas can have hot and dry summers and relatively cold winters. This climate might not be suitable for everyone.

It's important to note that these general pros and cons may not apply to your specific situation. You may want to conduct further research, visit the area in person, and consult with a local real estate agent or financial advisor before making a decision.