Two nice things about residing in Lyford, Texas:
1. The city is close to the scenic beaches of South Padre Island.
2. It is located in a rural area with plenty of outdoor activities such as fishing, hunting, and bird-watching.

One not so good aspect of residing in Lyford, Texas:
The city has a limited number of shops and services due to its small population.

Here are some benefits of homeownership in Lyford, Texas:

1. Stable Housing Costs: When you own a home, you have more control over your monthly housing costs. Unlike renting, where landlords may increase rent as lease periods end or due to different factors, your mortgage payments can stay consistent or even decrease over time, depending on your loan's terms.

2. Property Tax Deductions: Homeowners in Texas can deduct their property taxes on their taxes, which can provide significant savings come tax season.

3. Building Equity: As you make mortgage payments, you build equity in your home, which can be a source of wealth in the long run. Home values tend to appreciate over time, and if you hold onto your home long enough, you can sell it for a profit and use that money for retirement or to buy your next home.

4. Pride of Ownership: Owning a home can give you a sense of pride and accomplishment. It's a place that you can personalize and make your own, and it's often a symbol of stability and success.

5. Community Involvement: Homeownership can also lead to stronger community involvement as you become more invested in the area where you live. You may find yourself caring more about local events, politics, and initiatives that could affect you and your neighbors.