Pros
+ Most privacy at least cost — great for first-time buyer.
+ You own the land — the appreciating asset — bricks and mortar depreciate.
+ Good resale value and easy re-sell.
+ Easy to finance at best rates.
+ Usually has larger yard than townhouse, more backyard activities possible.

Cons
+ Share a common wall with neighbours.
+ Higher price per square foot of living space than a townhouse in a similar location.