New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-26

i,,nortance. I have given a large amount
NJ time to this division, and am posi'iNe
trat this selection should only be mace
or,.r the h,rious factors have been an
alvzed. such as accessibility, proper trans
portation facilities, quality OF proper ~
class of development improvements
financial standing and responsibility VI
companies selling and financing the oPei
alton. and a thorough analysis as 10 V'e
,rsnd of population in the direction Oh
the purchase, so as to insure the proper
Increase in valuation which should lo'-
low. .,,..od
THE second division TO be considered
~ the purchaser. namely. that OF the
home is also relatively important ana
nv experience as an investor ana !"
financing building operations OF TINS cia''
Is interesting 1t follows that WIN inv
selection of the land and before the Duilo
ing of the home is begun, the thoueh'
shorld always be foremost to choose
plot suitable to the type OF mouse ue
sired. or II the home has ALREADY peon
decided upon, TO select the rlSht piece Va
ground upon which to place II Ih''
statements may seem fundamental Du'
nv experience has shown that ciieh'S
hoye made better investments and nave
, had more satisfactory results after con-
sultation in this respect ii,
In selecting a home the indlVlouai WI"
find that there is natural grouphs "
houses under general types, such ds '''0
Colonial English, picturesque ana EaiIa
,iors NJ these classes: so If the purchaser
will keen these in mind when starting OUT
bis or her work will be simplihed' anu
less confusion will result from miAiie
of ,ynes. and what might be Work VIII
become pleasure.
at might be we'll to digress for mo
nent and state that have found II heip
tl 20 orerate service department.
where prospective purchasers and cieh''
can obtain the benefit of our eXpeiieAoe,
not only in the proper selection Oh iaH0
and homes, but in the planning oeS'e
ing, engineering, decorating and' last ou'
not least the financing.
This brings us to the third DIVISION
encountered. and one which all mus.
face who cannot pay cash in iuIl' anu
which In my opinion Is propaOIy INC
least understood in detail. The punhc
knows in a general way that the most
valuable piece of land and best type Oh
house always permits or the easie
financing, but it does not always ioiio"
that the highest prices PAID OF asheu'
is always a criterion of the best VaIueS'
This judgment of values and opportu'ii-
ties Is only the result of careful STUDY
and experience. which in financing Is
recognized factor. The question peioto
US is how best can the average indlVlu-
ual finance a home so that II VIII not os
burden but will prove an attractive
investment. a pleasant home ana
salable article. The answer U.s. lheie
are several But confning ourselves u
two and eliminating the cash buyer We
find that under the first plan nome
with the land costing. say. No'V"' re-
qulres about $500 cash; the balance OF
1850 can be financed over period Oh
anywhere from FIVE to twelve years ac-
coiding 20 the desire OF the purchaser
on a monthly payment basis when IN
cludes interest so that the amount re-
CURED monthly will approximate, with
taxes, insurance and upkeeD. about SloV'
inis means, that at the emo OF soy w"
Years the purchaser owns his home with
out mortgage. and IL the selection OF
he site be carefully considered in the be-
ginning, he or she will have an invest
ment which will also have increased
~rgely in value.
The second plan is somewhat differ
eht In method and requires smaller
ha IN
pnced home and land being about $50
month. The difference in these monthly
payments is due TO the difference In
financing. The second plan provides for
"ed loan. which, IL desired, can be
snshsed 10 the first plan after period
VI about three years
ihs second method permits OF the car