The Exeter Times-Advocate, 1964-04-23, Page 2814 — TIMES-ADVOCATE HOME EDITION.
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Andrew St. home rejuvenated by Art Gaisers
Check new products
Now! Is The Time To
BI NG Modernize That Bathroom
'Casey" Jones Jack Fuller
Bill Jones
13 MAIN ST. EXETER
Phone 235-1446
Thinking of installing a new furnace?
Then why not install a Hot Water or Forced
Air Heating System. See Us For Details.
Prepare Your Home Now For Summer Cooling.
Yes, Air Condition Your Home by Refrigeration.
This Unit Can Be Installed Directly To Your Furnace.
YOU'LL LIKE. OUR SERVICE - WE GUARANTEE IT
Member Canadian Plumbing and Mechanical Contractors' Association
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7,..- You're Going To Build . . . = p.... = Costing You Too. Much
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kl EAGLESON
'CONSTRUCTION
Phone 238-2166 Grand Bend
Building Contractors
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= Bulldozing' - Excavating
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= z-.-... Plumbing Heating witultpt .
Decorating.
Wallpaper makes such
•
a wonderful difference !
Add new beauty to your home this
quick, inexpensive way. Today's
wallpapers are ready-pasted, easy to
apply, washable !
Drapery Material
We have all the latest materials and patterns in stock.
In plains, patterns and floral designs. Drapes made
to order. Free estimates.
Priced From $1.95 to $6.95 per yard.
See Our Selection of Crown
Diamond Paints
Gould & Joryeter
Phone 235-0270
"Mr. Beldok's a man of few words!"
A CMHC FEATURE
Builders are the first to wel-
come any improvement in housing
design, materials and building
methods, especially if it means
a saving in time and cost.
The home owner is the one
who in the end reaps the greatest
benefit from.the research that is
going on in the field of housing.
But he should learn to dis-
tinguish between what is a genuine
improvement and what is simply
dressing-up. Also, the builder
who values his reputation will
avoid using new materials until
they have proved their worth.
Substitute materials must not
only be as attractive and as prac-
tical as the materials they re-
place but they must stand the test
of time. When in doubt it is always
better to use traditional ma-
terials of good quality.
The difference in cost between
a second rate product and a first
rate product may be negligible
but the difference is soon ap-
parent after a period of use.
A top quality floor tile, for
example, may cost just a penny
more than an unknown make but
may give far better wear. That
is the difference between an ac-
ceptable material and one of su-
perior quality,
What is old is not necessarily
obsolete, just as what is new is not
necessarily better.
On the whole, the object of all
serious research in housing is to
simplify and to beautify without
sacrificing durability, and wher-
ever possible to reduce the pro-
duction cost.
LEGALITIES
Continued from .pagp 10
involved so hp .has the right of
discretion in dealing with each
individual case, within the frame-
work of your agreement.
sxoc;,p. YOU PAY CASH
If you are In. the. position of
being able to pay cash for your
house you are able to save your-
self interest. In other worrie, you.
become your own lender, lending
money to ypiirSelf,
But then your money is not
earning anything for you. It. is.
invested in a fixed asset, and
your only earnings on the amount,
the value of the asset depreciates.
The only way you would realize
additional return on your invest-
ment, while you are retaining
your home would be to pay your,
self interest regularly and invest
it elsewhere.
Even if YPP have the cash, it
may not be wise to put it all into
your house at the outeet, A cash
reserve should be retained for
family financial emergencies, for
PPP thing. There are sometimes
more important things than get-
ting your mortgage paid up as
quickly as possible.
There is also the matter of in-
flation to consider. It has been
estimated that money is losing
its value at the rate of some 4%
a year in Canada. If this trend
continues, it means that ten yoars
4oin now every one hundred dol-
lars you pay in mortgage and in-
terest payments will be worth
only $60 by today's standards.
This is one reason real estate is
such a popular investment in
times of inflation, because while
the terms of payment are set to-
day, the actual payment will occur
in the future in dollars of less and
less value. In this way it can be
reasoned that you save money by
going into debt — if inflation con,
Unties.
Therefore, even if you have the
money now to pay cash for your
house, or to make a very large
down payment, it might be more
profitable for you in the long run
to take nominal mortgage terms
and invest your money elsewhere.
When you are in the realm of in-
vestment, however, you can ex-
pect no guarantees. Investment
implies that your best bet is to
always consult with the more con-
fident financial advisor you know
-- your banker, investment coun-
sellor or mortgage company re-
presentative, with him, calculate
the alternative ways of using your
capital,