If you rent, you may not be able to paint the walls, or remodel the building. If you live in a neighborhood that has an HOA, you might not be able to decorate your lawn to how you'd want it. However, if you own the property, you can do practically whatever you want to it!
Private property is when a person group of people own property rather than by the government.
Private property includes land or buildings, including personal property like cars, trucks, computers, and furniture!
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Owning private property comes with a lot of advantages. One being that no person nor government can't do anything to it or trespass on it.
Not only that, you have total control over the property.