Advantages:
- Appreciation: Annandale's real estate market has historically appreciated at a higher rate than the national average. This means that home values are likely to increase over time.
- Stability: Home ownership provides a sense of stability as homeowners are not subject to the whims of landlords and rent increases.
- Potential tax benefits: There may be tax benefits associated with owning a home, including property tax deductions and the ability to deduct mortgage interest payments from income taxes.
- Equity: As homeowners pay down their mortgage, they build equity in their home which can be used for future investments or expenses.

Disadvantages:
- Maintenance costs: As a homeowner, you are responsible for all maintenance costs associated with the home, including repairs, renovations, and upkeep.
- Market fluctuations: While Annandale's real estate market has historically appreciated, there is always the risk of market fluctuations which could result in a decline in home values.
- Mortgage payments: Homeownership comes with the responsibility of making mortgage payments which can be a significant financial burden.
- Less flexibility: Owning a home can limit mobility as it may be more difficult to sell a home and move than it is to simply end a lease and move out.