68 - Friday, August 15, 1986 - North Shore News Real Estate Think of home purchase as an investment FOR MOST people, buying a home is based on personal preferences and tastes. By JAMIE JOH Contrbutiig Wri: A home as an investment has always been of second- ary importance. This is because most of us never think of moving again when we buy. But for people who move frequently, such as transferees, who may move every two years, their key objective is always to protect the equity they have built up. Transferees have learned to purchase for resale pur- poses. In today's market, more and = more people should follow the transferee’s ex- ample and buy a house with good resale aspects. Stay away from houses that need to be renovated, On moving in you may find that you have to spend siz- able dollars on repairs; hid- den extras that do not add to the value of your house. Secondly, stay away from rural properties. Rura! pro- perties tend to take much longer to sell than urban properties. WV MAN NEW SECRETARY Real estate directors elected THE VANCOUVER Chapter of the Real Estate Institute of B.C. has elected its slate of directors for the coming two year term. Chairman is Christa Mead of Fuller Ellis Realty Ltd. (Vancouver), Alex Ning of Cathay Pacific Realty Ltd. (Vancouver) is treasurer and Ralph Kennedy of Montreal Trust (West Vancouver) is secretary. Other directors are: Marilyn Chaplin, relocation consultant (Vancouver) John Eastwood, Park Georgia Realty Ltd. (Vancouver) and Shirley Heise, Royal Trust (Vancouver). The Real Estate Institute Thirdly, avoid corner lots. Usually corner properties sell at a 5% discount from simi- lar properties on a street. Finally, you should look at purchasing a house that has standard features as op- posed to a unique property. It is difficult to evaluate the worth of a unique feature and not everyone will find it as attractive as you did when you come to resell your home. Today's buyer should still incorporate those features that suit their lifestyle and their taste. But they should never forget to purchase for resale value as well. has nine chapters throughout British Columbia. {ts 1,500 members are engaged in all areas of real estate: mortgage brokerage, appraisal, real estate management, sales, land development, financing, property management and real property tax assessment. FOREST HILLS REALTY LTD. Park Royal South 756 Marine Drive, West Vancouver 926-8581 4 in . ae QUAY WS SHGDBINY, OSIED Leger tor a week in tue dese oF Havau at te dtup ct a hat brymang tt dS oak eA state of tne al wdeo system controls ent, ty the bulging and your doors Secure sath you’ aan exclusive QUAY Lee Bul. you may never want to leave ine comgnt and convenence of your oun magohcent nore You'll rately were HarbourView park IP your cer Spacious 2 bedtuom and 2 Dalton of