Advantages of owning a home in Addison, Vermont:
- Equity: Owning a home can build equity over time, which can be used as collateral for loans or credit.
- Stability: Owning a home can provide stability as the homeowner can stay in the same location for long periods of time, which can be beneficial for families with children or those who prefer to live in one place.
- Tax Benefits: Homeowners may receive tax benefits such as deducting mortgage interest and property tax expenses from their income taxes.
- Pride of Ownership: Homeownership provides a sense of pride of ownership and the freedom to personalize the living space.

Disadvantages of owning a home in Addison, Vermont:
- Upfront Costs: Buying a home can come with significant upfront costs such as a down payment, closing costs, and other expenses.
- Responsibility for Repairs: As a homeowner, you are responsible for maintenance and repairs, which can be costly and time-consuming.
- Market Fluctuations: The value of a home can fluctuate depending on local real estate markets, which can impact how much the homeowner can sell their home for in the future.
- Finite Flexibility: Homeowners are more limited in their ability to move if they need to relocate quickly, and may need to sell the home before moving.