Show salvaging old homes point of importance new homes mark the prosperity of 0 the nation was the point made by the president of a leading building and loan association la in a recent address salvaging older homes shows a continued pride in community progress a work of equal economic importance with that of original home buying walk down the main street of your town just as we can walk down th the e main streets ot of a hundred towns and pick out the properties which are beginning to show need of painting or re roofing or stuccoing coing depreciation only too often affects not only that one house but the entire neighborhood in which it Is located careful surveys have shown that they are so old or so poorly planned and built that they are now in definite need of complete remodeling both as to exterior interior and modern equipment such as heating beating and wiring economically such reconstruction Is sound provided only that the location of the property is good and that the original construction is of such quality that remodeling Is worth while no use in re roofing a house with sagging floor joists foists better tear it down financing new homes must always be the tha foremost building and loan work but rebuilding old homes and improving comparatively new ones becomes more important yearly as the influence and ability to serve of the building and loan association grows with inc increasing reasin resources during 1928 one building and loan association allowed a total of 1919 1949 home loans aggregating of which 78 1 totaling 1288 were rebuilding or remodeling loans in comparison loans ot of this type allowed during 1927 totaled thus we see a decided increase in calls calli for home improvement |