Pros and Cons between centralized and distributed team for version control

Pros and Cons between centralized and distributed team for version control

I am trying to implement a version control (most likely using Apache SVN)
for my team (me and about 3 others). We would be working on the same
network (even from home because we would VPN in) and was wondering which
kind of deployment would be the best: centralized or distributed
deployment? ANy pros and cons for this? feedback? thanks!