56 - The Terrace Standard, Wednesday, May 25, 1994

REAL ESTATE FACTS -

The value of
home ownership

Should you buy a home?
That's a question only you
can answer, but there are
Many home ownership
advantages that should be
given serious Consideration.

The pluses of owning a
home are both social and
economic. They range from
protection of savings to
something as simple as being
able to own a dog. Review
some of the following
benelits of home ownership
to make sure your purchase
of a home will be a sound and
investment for you.

EQUITY -- this word is
synonymous with a giant
savings account. As a

homeowner gradually pays ©

off his mortgage he builds up
more and more equity,
money which is immediately
available when he sells the
property. fn a renting situation
a monthly payment goes out
of a bank account with no
benefits to the person who
pays it other than having the
use of certain premises for
the coming month. Paying off
your own mortgage means
you're acquiring a major
possession, one that
traditionally increases in value
over a period of years.
INFLATION HEDGE -- As

JUST
MOVED?

Phone

Elaine 635-3018
Diane 638-8576
Kelly 638-7797
Glillan 635-3044

Our Hostess’
Gifts and
Information are
the Key to Your
New Community

.. —,

How can you advertise
your Ski Cabin in
CASTLEGAR,
CAMPBELL RIVER,
CHETWYND
and 108 more B.C. & Yukon
community newspapers
All just for $2257

That's over 3,000,000 readers.
With a

Network Clasified Ad

If you're BUYING,
SELLING, or simply
TELLING,

It pays to spread the word.

For more information
call this newspaper at:

STANDARD

4647 Lazelle Ave. Terrace
PHONE 638-7283 CEE EBs

long as we experience a
decree of inflation the great
majority of homes, like fine
wine, get more Valuable with
each passing year, meaning
you are cambating the
inflationary spiral with your
property. Most homes in
Canada have appreciated in
value at a rate that generally
follows the rate of inflation.
FINANCIAL FREEDOM is
another benefit of home
ownership. Most mortgage
payments remain constant
during the term of the loan,
while rents can increase
annually, Thus, if inflation
increases, mortgage. dallars
actually become cheaper and
easier to pay with rising
incomes.

CREATIVE FREEDOM is
another highly-prized factor in
home ownership.
Remodelling or improving an
apartment benefits you only
while you remain a tenant, but
a landlord will rarely allow
changes to his property. On
the other hand, your creative
talent can be used in your
own home if your plans meet
zoning and development
guidelines. Remodetiing and
improving your property often
adds immeasurably to its
overall value and enjoyment.

Home ownership can. mean —
living in a single-detached -

house or muiti-family unit,
depending on your life-style
preferences. If you awn pets
and want to keep them, you
may find it easier to live ina
detached house. When living
in an apartment or a house
you should always consider

_ your neighbors, especially in

an apartment where you may
have to tailor your ways to
consider the immediate
noise-level through the
structure's common walls.
Security and credit ratings are
enhanced by home
ownership. - The act of
Purchasing your own
property means becoming a
solid part of a community and
establishes your financial
responsibility.

All in all, home ownership
provides more than just a
place to live, It offers comfort
and economic stability. While
the first home you are able to
buy may not meet dream-
home proportions, it does
represent an opportunity to
start building a nest egg that
you can later use as a
downpayment for that once-
in-a-lifetime home you've
always wanted,

6 years
experience In
real estate,

638-1721 r. aad

brenda erickson

experience in
real estate.

635-3389
verne ferguson

TERRACE STANDARD |

_REAL ESTATE |

P & D BERFELO PROPERTIES LTD.

General Contractors & Developers ;

rorsue f= [| | | |

or BUILD TO SUIT. 4.
"14+ Secluded ee peed H edo |
2 Acre Lots in —~—L —i : of
Jackpine Flats Ji ae ae |

635-3213
635-0833 (Fax)
635-2274 (Home)

“SOCKEYE CREEK ROAD

‘Quiet area on.
dead end road.
Well treed lots.

Tell us about your trip

to the Northwest?

Next years fishing
guide will feature

pictures and
stories of
visitors trips

to the Skeena area.
Send us your story.

Fish Stories

c/o Terrace Standard
4647 Lazelle Avenue
Terrace, B.C. V8G 1S8

*lf you want the pictures returned please
enclose a stamped, self-addressed envelope

olga power

2 years
experience in
real estate,

635-3833

UNION BUILD!

1 year
experiance in
real estate.

635-6236
diana wood

4 years
experience in
real estate.

638-0047
Steve cook

Horseshoe MLS $84,500

Horseshoe MLS $57, 500 ~

rs)
&
3

Thornhill EXC $174,900

experiance in
‘real estate,

635-7068

richard evans

Vyears |
experience in 3a

real estate.

635-4773
erika langer

2 years
experience in
real estate,

635-3004
sheila love

6 years
experience in
real estate,

635-2697
joyce findlay

It’s the Experience!

7 years.
experience in
real estate.

638-8882
john evans