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Show Docs It pay to pnint carefully fnrm buildings? Does It add to thq selling valilo of a farm when buildings ore properly kept up" nnd regularly painted? paint-ed? A rnrcful Inquiry of n number of leading hankers In (Iiq Mississippi alley, al-ley, Including such states ns Iown, Illinois, Illi-nois, Michigan, Ohio, Indiana and Missouri, Mis-souri, reveals the fact Hint In nearly every case tho bankers did not hi"d. tnte to cay thnt they would lend nil tho wny from 5 to 50 per cent, moro on land uliero fnim buildings wcro well imliitcd ami kept In good condition. They mnlntnln Hint well kept-ttp mid well painted bulldlnps nnd fences nro nn Indlcntlon of thrift nnd Hint tlio thrifty fanner Is n good client, nnd to him money can bo safely loaned. An nverngo of the returns from these bunkers shows thnt tho Irtcrcnscd loan nluo because of painted buildings Is nrnuml 2'J per cent. Homo of these bnnkers mako Interesting Inter-esting comment. A Michigan concern snjs thnt, while not espcclnlly prepared pre-pared to advise definitely In rcsponso to this Inquiry, tho officers would loan moro money on farms where buildings were painted than where they were not so treated. This bank ulso finds that whero houses, Imrns and fences nro well token care of tho farm Is a profitable proposition, and bankers in general consider tho farmer n good client. Another Michigan bank says "farm buildings out of repair nnd needing paint indicate Ihtt the owner Is stow pay." Such farms aro rated at nbout -one-third of the assessed value far loans. Where tie farm buildings are In good shape the rating Is one-half. one-half. Tho president of a middle western west-ern lank says that when real estate loans are considered, painted buildings are always taken 1st consideration In making an estimate. The general appearance ap-pearance of the property surrounding the hoaae aid barn and also the fields and fence weuld be carefully observed. observ-ed. n' further says that he has no hesitancy In Saying that ho would' absolutely ab-solutely refuse, a lean on farms where the buildings were not kept up nnd well painted. In hi Judgment, an-painted an-painted farm buildings would rod nee the loan value at least 23 per cent. A Minnesota banker says that be Is much more wilting to loan money vhero the bnlldlngs are well painted In his' particular caso ho believes that ho would loan 20 per cent more than If tho buildings wcro not properly taken care of. A fnrmcr who will keep his buildings painted tnkes a much deeper Interest ,n his work than one who docs not. Another- Minnesota Minne-sota bank says thnt well painted buildings build-ings havo resulted In securltig from his bnnk sometlmtai ns high ns 25 (kit cent, more money tlinn whero tho buildings nro not pulnted. An Ohio 'cohcern says thn It will loan 23 per cent, moro money on a well kept fnrm where buildings nrq painted tit lenst onco oiery the yenrs. A southern Illinois Illi-nois hank snjs thnt It has no fKcd rule nbout this, but It docs make n decided de-cided dlffcrenco whpn owners of fnrm Innds apply for loans. If tho buildings nro wejl painted and thus well preserved pre-served tho loan rate would not only bo cheaper, hut tho nmount of money borrowed would bo larger. A northern Illinois bnnk docs not hesitate to sny that It would loan fully 50 per cent, moro on n farm where buildings woro well painted and In good order than whero they woro not, Tho vice president, presi-dent, who nnswers tho Inquiry, goes on to soy: "There probably are many farmers good financially and morally who permit their buildings to remain unpnlntcd, but ns n rule tho most substantial sub-stantial pcoplo who live In tho country coun-try keep their buildings well painted." An Iown bank, through Its vice president, pres-ident, states that It would mako a difference dif-ference of at least 23 per cent. In favor fa-vor of tho farm with painted buildings. build-ings. Another Iowa concern says that It would make a dlffcrenco of at least 20 per cent. All this being true, It Is perfectly evident that It is a good business proposition prop-osition to keep the farm buildings well painted. They not only look better and are more pleasing to tho owner, but tho fnrm would sell to better advantage, ad-vantage, the loan value of tho property would be greatly Increased and tho buildings themselves would last much longer nnd need less repair. The American Agriculturist. |