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Show REVIEW. 10 Juiy 14, 1966 WHATS YOUR PROBLEM? Weatherstrip Saves Fuel arent IX your windows weatherstripped, you may be putting up with expensive and annoying house problems unnecessarily. Effective weatherstripping many functions. performs Most important. It can save you money while keeping your house wanner in winter and cooler in summer. Tests conducted by the University of Minnesotas Institute of Technology showed that air Infiltration from tripped windows accounted for about 37 percent of total heat loss in an other- derosa pine, however, have applied in weatherstripping the factory. Factory - weatherstripped wood windows also keep warm air from seeping into the house in summer, taking the strain off air conditioners and cutting cooling bills. By making the window units airtight also seals weatherstripping out wind-bordust and small insects so the house stays cleaner. To do its job effectively, weatherstripping should be of good quality and properly applied. Factory installation assures this. You can check weatherstripping by holding a lighted candle near the edge of a window on a windy day. If the flame wavers or blows out the weatherstripping is probably faulty. Drafts near window areas also indicate faulty weatherstripping. ne non-weath- wise five-roo-m well-insulat- ed house. When weatherstripping was used, heat loss from air infiltration was reduced to 17 percent and fuel cost savings amounted to 24 percent In some instances, the homeowner must install his own weatherstripping. Modern stock window units of pon- - ' ,, Mr. Meltzer On Real by Bernard C. Meltzer The most expeditious man- areas today they pay up to 5 per cent Experience indicates have reached die stage that we would like to Invest ta an income-producipro- perty. We have about $10,000 available and are thinking of purchasing a small apart- ment house. Brokers have shown us apartment houses costing $60,000 to $75,000, immediate possession. The owner, on the other hand, usually fares better with an occupied house. Often it is possible to reconcile both that unless there is a differ-W- e ential of at least 1 per cent better yet per cent, be tween savings rates and the mortgage rate, the advantage is not great enough to make the action worthwhile, 1-- ng ' jn aariitirm one should never a Dear Mr. Meltzer: When we bought a new house two years ago, we did not sell the old house but rented We have been averaging a very satisfactory 10 per cent return, but looking after it has become burdensome. it savings to pay off a mortgage is required is pectedly, jy money in? ZONED FOR HORSES 6 ROOM RAMBLER plus From Love Real Estate a realtor? Answer I must conclude that you are being told only a partial truth, for investment returns of close to 100 return on equity in small apartment houses are The high investment returns that are being shown to you Trying To Help Answer. Your sister can apply for an FHA mortgage by making application to any approved FHA mortgagee. Institutions ta Oils category are mortgage companies ta your locality, and most savings and loan associations, and banks. They will require with the application an appraisal fee and a fee for a credit report. These two items usually run about $35 to $40. non-existe- nt. arise because of the following (a) The operating expense statement ignores such Items as management, vacancy and rent loss, depreciation, and assumes that the owner will make his own repairs, be his own Janitor, etc. 44 (b) The income and operating expenses have been 'fudg- ed. This is not uncommon in presenting an investment property for abuyers consid- Qie owner's viewpoint Dear Mr. Meltzer: The electrical wiring ta my home Is a mess! 1 have been a vacant bouse is usually deeration. trimental because market experience indicates that an oc(c) The property involved is cupied house usually brings a higher price. With furniture, located ta a very high risk, the rooms appear larger, the deteriorating neighborhood. defects are less obvious, and ? Nffir if T n - Dear Mr. Meltzer: Vffii month-to-mo- 2 TILE BATHS -- FAMILY ROOM 2 CAR The mortgage balance on our home is $6,500, (5-per cent interest rate). We have about $7,600 ta savings. My husband and I have had many discussions as to whether we should pay off the mortgage at this time. What do you think? Thrifty It usually takes several months to sell andpreparefor settlement If the tenant is lease given a instead of a yearly lease, then the broker has the equivalent of a vacant house to sell. The 4 BEDROOMS GARAGE nth owner gets die advantages of Answer There are i a small Answer home will cost normally from $250 to $400. A larger home will cost from $400 to $600. A larger than average house usually costs as much as $1,000. Re-wir- ing 12 an occupied bouse, plus rent for the several months : told that I need complete new and it should be at least 100 ampere service. Could you give me an ides what mis job would cost? Need Light are the decoration blemishes not too apparent. 4, two Mr. Meltzer welcomes your letters and comments. Unfortunately he is unable to enter rea Dear Mr. Meltzer: sons why it is not prudent for We have been fortunate in .our correspondent, under the our investment for our home circumstances, to pay off the and our summer cottage. mortgage. Savings rates are l - My sister wants to biqr my home. Since she has less than $1,500 ta savings, it will be necessary for her to get an FHA mortgage. Is it possible to get an FHA mortgage without going through Are we being told the truth?. The investment return is too fantastic to believe. From the realtors standpoint, a vacant house often makes for a quick sale, because he can offer the buyer immediate occupancy. GUEST HOUSE ROOM 3 into personal correspondence with readers, but will attempt to answer as many letters as possible through his column. a I 8 ROOMS - 2 12 BRICK BATHS GO-GiW'- I! yiu'n hawing tnvUi with youi A 1st ftr cork vrittr, try Mthurl nsoters and lawn mtwtrs. RAMBLER 60-GU- '4' V GLI-SU- WPi 331 Cast L V 1 1,14 l I Qlly jr jr can I0HHS Inquire about our prices - 466-001- 1 1324 So. State 364-647- 7 ViVViViiifTMoiMtitnltM A N IIAIEKSA 4th South M! Spray Wax & Cleaner Easy to Apply and Use... $1.99 c an. 364-647- 7 V I Kir 4 BDRMS - I WESTERN AUTO PARTS CHOICE HOLLADAY AREA t , i , f. , i , 4 I nt. uauen reasons: ONE ACRE unex-me- expensive mortat.mrat,, Answer: rm afraid the realtor is solving your problem in a manner that makes his Job simpler but is disadvantages to the owner. 12 strip hlmseU of almost all his $12,000to $15,000 down pay- The figures presetted to us seem fantastic. These show a net in- come of $10,000 to $12,000 and would leave available to us $3,000 to $5,000 after The tenant's lease expires next month, and we plan to sell at that time. The realtor who will handle the transaction wants us to vacate the property. He says that selling a vacant house presents fewer problems. We are reluctant to lose the Income. What would you do if this were your house'? Faithful Reader v5t. high at this time and in most Both properties give us much and have increased Pleasure over the years. ner of presenting a house for sale is important Brokers prefer a vacant property for it usually makes for a quicker sale because they can offer Estate I l M I It H 'VTt |