SIX MEDFORD (OREGON) MAIL TRIBUNE
Biggest Problem in Remodeling
For Some Families is Finances
For most families planning to
remodel their homes, the biggest
problem is financial where to
get the money. Today there are
many possible sources of home
improvement money and a vari
ety of methods of acquiring it.
Each type of loan has its own
limitations and each has advan
tages over the other types.
The first item to consider in
deciding what metod of finan
cing is best suited to a home
owner's own Operation Home
Improvement project is the
amount that will be required. If
the need is great, the money
will probably have to come as a
loan from a mortgage lending in
stitution. Smaller amounts may
be obtainable from a credit union
or private sources; in many cases
a contractor or lumber dealer
will allow the homeowner to re
pay his charges in installments.
Important Methods
Here are the most important
Landscaping Can
Increase Values
Increase the value of your
property by 15 to 20 per cent by
landscaping it properly! You'll
also get a bonus of gracious liv
ing for your whole family with
a yard you can enjoy and be
proud of.
Modern landscaping will help
to keep your property from de
teriorating in value for many
years. If your property is over
grown from hit-or-miss, out mod
ed plantings 10 to 20 years of
age; you can relandscape it to
make the property more beauti
ful and liveable. (
Modern shrubs, many un
known even ten years ago, grow
more slowly and stay shorter
than many plants put in the
ground years ago.
Often it is more economical
to call in a landscape nursery
man to plan the job right from
the start. You not only avoid
mistakes, but the overall effect
is far more pleasing.
Once you have a good plan,
you can plant or re-landscape
in piecemeal fashion until the
whole work is finished. If you
wish to do it all at once an FHA
loan is available, with up to
five years to pay for it.
Prdper landscaping can pro
vide gracious living and can up
grade the value of your property
in the bargain. Plan now to in
clude landscaping in your spring
home improvement plans.
INATIONALI
Vtf nib? fhis is the
Alg(3 month to
Belter Your Living I
llow fitting it it Hilt Better Your Liv
ing Month should be the' very month
in which Mother hat her special day.
For as "Queen of the Home," Mother
is particularly concerned with any
thing and everything that will make
home life easier, more comfortable,
re fun for the whole family. When
she gets that "Operation Home Im
provement" gleam in her eyes, happy
things are sure to happen!
Start Your Own
Operation
Home
ImproYement
NOW!
s
SAVINGS
deposited by
May 1 0th earn
dividends from
May 1st
9
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SAVINGS
LOAN
126 East Main
Medford
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methods of obtaining large sums
of remodeling money: Refinanc
ing or new mortgage financing,
open-end or additional mortgage
advance. Federal Housing Ad
ministration Title I home im
provement loans, and the indi
vidual loan plans of banks and
other lending institutions.
The largest amount if the
owner has completely paid for
his home or at least has a sub-
statial equity in it can be ob
tained by getting an entirely
new mortgage on it. New mort
gage financing means exactly
what the term indicates, to get
a new mortgage on a "paid-un"
home. The owner of such a prop
erty can often borrow up to 50
per cent of its appraised value,
or even more.
Refinancing is the procedure
whereby the owner acquires a
new mortgage loan of an amount
large enough to pay off the ex
isting mortgage on a home and
to finance a modernizing project
as well.
Recent Development
A fairly recent development in
the mortgage lending, business
tne open-end mortgage has
made refinancing procedures un
necessary for many thousands of
families, even where major re
modeling projects are involved.
Stated simply, the open-end
mortgage is one containing a
clause under which the lender
can make additional advances
of money for modernizing up to
More Economical to
Remodel Than to Sell
Home owners ask is it pos
sible to bring these old homes
up to modern standards? Yes. In
most cases it is more economical
to remodel and renovate than
selling at a sacrifice and build
ing anew.
Exterior remodeling can take
many forms. It can be very ex
tensive so that all traces of the
original appearance are removed
or it can be limited and the
most , made of small changes.
Changes in landscaping can do a
great deal to soften objection
able building features that can
not be changed. Landscaping is
as much a matter of design as is
architecture and there are men
and women who are especially
trained to help you. -
A remodeling project should
be approached with a great deal
of thought. Professional assist
ance is your assurance that you
will get the best possible job for
the least amount of money.
ASSOC
AT10N
"Where You Are
Paid To Save"
HOI
Irv ' M
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Wednesday, May 8, 1957
the amount of the original loan.
Homeowners who are not sure
whether or not their mortgages
contain open - end provisions
should consult their lenders.
Sometimes, a lending institution
will write in such a clause, par
ticularly if the institution has
adopted open-end mortgages as
standard procedure since the
original mortgage was written.
The homeowner who is plan
ning to get a new mortgage,
either on a new home or his
present one, would be well ad
vised to insist that the lender in
clude an open-end clause. Then,
when remodeling becomes de
sirable later on, the financing
path will be simple and clear
cut. Smaller home modernizing
projects, requiring expenditures
of less than $3,500 can usually
be financed without a mortgage
involved in the transaction. And,
as in the case of the bigger jobs,
there are a number of possible
sources of money.
One of Most Common
One of the most common is
the FHA's Title I home improve
ment loan program. The Title I
program, in its 20 years, has ben
efited millions of homeowners
and has been behind billions of
dollars worth of remodeling
projects throughout the country.
Under the Title I procedure,
the homeowner is allowed to bor
row money for home remodeling,
with the FHA insuring repay
ment of the loan. The maximum
amount that can be borrowed
under Title I is 83,500 and the
maximum repayment term is 5
years. Five per cent discount in
terest is charged on the first
$2,500 and 4 percent on any por
tion of the next $1,000 up to the
maximum of $3,500. "Discount"
interest means that the charges
are deducted from the amount of
the loan as a discount at the time
the money is borrowed.
The American family has come
to realize that wise use of credit
permits the enjoyment of better
living standards without waiting
or undue sacrifice. The many pos
sible methods of financing and
the many sources of loans make
home improvement a particu
larly desirable credit purchase.
New Space Saving
Accordion-Fold
Door Pari of Decor
Why let problem doors decide
your decorating scheme? Now,
a new speace saving accordion-
fold door can become part of
your decor. You can slip cover
or paint it. And, you can install
it yourself.
A quality folding door in
standard sizes is now available
at low cost about the price of
an installed wood door. Former
ly such doors were available
only on custom order.
Built like an accordion, the
door folds into itself. It actually
creates about six square feet
more floor and wall space in
your home, makes rooms larger
and more livable. Combine two
and you have a room divider.
The double-strength interior
steel frame assures balanced ac
tion and graceful folds.
New and exciting ideas for
room decoration are possible
with a special double-fold con
struction that gives two identi
cal sides to work with so that
you can decorate each side of
the door to fit the room it faces.
Match Wallpaper
You can match your wall
paper, drapes or upholstery;
make it a color or design accent
for your kitchen, bedroom, liv
ing or dining room or to bright
en a hallway.
And it s easy to paint this door
to carry out wall and ceiling
color schemes. Just use any good
quality rubber-base paint.
Not only can you decorate the
door yourself,, you can install it
yourself in less than 15 minutes
with nothing more than a screw
driver. Everything necessary for
installation track, screws, in
structions comes in the pack
age. These doors are available in
standard sizes that fit most door
ways; two foot, two foot six
inch, three foot and four foot
widths all in six foot six inch or
six foot eight inch heights the
four foot width is also available
in an eight foot height.
'Nominal', 'Actual'
Sizes Confusing
"Nominal'' and "Actual" sizes
of lumber are often confusing
to the home handiman and do-it-yourselfer!
You buy what the
building trade refers to as a
"two-by-four" and find that it
will be at least 15i inches by
3? inches!
This is because the original,
or nominal size has been re
duced by seasoning and surfac
ing operations. Temperature, hu
midity and other conditions in
the retail lumber yard also have
an effect on size.
Standards have been estab
lished to assure that dressed
lumber lumber that has been
surfaced and seasoned meets
certain requirements of thick
ness and. width.
SAW KIT This handy clrill saw kit has a hook or slot for every
tool; eliminating mess in the bottom of a tool chest. The sturdy,
metal case can be mounted on the workshop wall and is com
pletely dustproof. Satin finish tools. By Cummins of the John
Oster Mfg. Co.
Suggestions Offered
To Make Workshop
There's scarcely a man alive
who does not dream of having
his own workshop, equipped ac
cording to his own individual
needs.
The amount of space a man
has for shop work determines
the kind of equipment he will
get and the kind of shop projects
he will try.
Workshop planning experts
offer a few suggestions to help
the home handyman in assem
bling a workshop.
Usually a man who wants a
power shop enjoys doing things
with his hands. He may be an
expert, or he may be a fellow
who's never lifted a hammer in
his life.
Main Essentials
The main essentials for any
shop are enough power to oper
ate the tools, good light and
elbow room.
Places to store a work apron
and other paraphernalia are es
sential. It is a good idea to have
a pegboard for hammer, chisels
and other hand tools above the
work bench.
Nowadays even the apart
ment dweller can have a work
shop. Tools can be stored in a
closet or cabinet and sawdust
can be swept up with the vac
uum cleaner.
In a new tool organizer kit
there is a slot for everything
needed for household repairs.
Quality Tools
Quality tools for the kind of
work to be done are the best
investment you can make. Ex
amine the equipment carefully,
ask for demonstrations and com
pare different manufacturers'
tools before making a decision.
If you plan to undertake a
major project, like bujlding an
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EXTRA ROOM Look to your living room for that extra room
when company arrives. A large folding door can divide your
living room to provide a guest bedroom, den or dining room
whatever the occasion demands. Enjoy the privacy of a double
duty living room without expensive remodeling. "Modernfold"
Doors by New Castle Products Inc.
If You Plan to Build a
Driveway
JUdivtud- SP 2-5271
extra room or modernizing your
home, you will need heavier
equipment than you would need
for simple repair jobs.
The most basic and indispens
able tool in any home workshop
is the quarter-inch drill, which
does everything from sanding
and polishing to mixing paint
A vast selection of attachments
is available to fit this handy
little power tool.
Portable Power Saw
Next in importance is a port
able power saw, to assure un
equalled accuracy and eliminate
the fatigue that goes with hand
sawing.
The advantage of a portable
saw is that it can be carried to
any job, from the back yard
fence to the roof.
You could build your own
saw table, but you will find
that a ready-made one has nu
merous advantages. Buy one in
which a portable saw is insert
ed easily and you have a tool
that doubles as a stationary
circular saw for critical cuts.
Even though your interest in
your shop work may lead you
to more advanced projects, these
basic tools are always useful.
EXPAND YOUR HOME
If yours is a small home and
you need mores pace, you can
add-a-room at moderate prices.
If you have ground on either
side of your home or. in tne
rear, an extra room can be at
tached for bedroom, den or en
closed porch. Rooms can also
be added over a basement ex
tension, or over a garage or
porch.
Check now and see how you
can add more space, or make
better use of present space.
, Sidewalk or
Specify and Insist on
Tru-Mix
CONCRETE
Operation Home Improvement is now In
full swing! The whole community his
joined forces to make it easier for you to
obtain the services, maferals, tools and
financing you may need to" add fceauty and
comfort to your home by modernizing now!
CONCRETE C?
248E.McANDREWS Ml
Heating-Units Take
On Modern Style
Modern home designs has en
couraged home-heating manu
facturers to combine the func
tion of heating with The styled
beauty of modern furniture.
Since the end of World War
II, homebuyers have demanded
a maximum of living space with
the minimum amount of room
for such important needs as heat
ing and laundry facilities. In
thousands of homes the basement
or utility room has taken on liv
ing room importance.
Architects have brought the
furnace from the depths of the
basement to the very eyes of the
housewife. And she has deman
ded that her furnace have all the
smartly-styled and tasteful lines
included in modern furnishings.
Nowadays, th,e furnace must
have the crispy tailored lines of
a piece of modern furniture. It
must be compact as well as ef
ficient. It should have no unsight
ly controls protruding from the
cabinet. And it has to have a
good-looking cabinet,- well-fin
ished to provide harmonious
blending with interior decora
tion.
For 1957, manufacturers have
enlarged and redesigned their
entire furnace lines. The fur
naces are more attractively styl
ed, have completely enclosed
automatic controls, are compact
to permit installation in closets,
small alcoves or utility rooms.
EXCESSIVE MOISTURE
Excessive moisture in the
house will cause wood furniture
to swell and shrink. Drying of
laundry in the home, for exam
ple, causes gallons of . water to
evaporate into the air. Wood fi
bers tend to pick up this mois
ture.
SAVE SPACE
Save table and floor space by
using attractive ceiling and wall
fixtures to provide light for read
ing and sewing and general
room illumination.
Look
Choose
automatic water-heaters
give you tankful after
tankful of hot water for
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water heating BEYOND THE CITY MAINS
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MEDFORD,
Weathered Roof Will
Damage Interior
Many a home owner who has
put off replacing a weathered
old roof has had cause to regret
it, for the interior damage
caused by leaks can be more
costly than a new roof.
, Prevent damage by having
your roof inspected periodically
by a' reliable roofing contractor.
Research has shown that a
roof wears out uniformly. Patch
ing an old roof seldom pays.
Time and labor costs of re
moving the old roof can be
saved by installing long-wearing
asphalt shingles over the
old roof covering. This retains
the insulating value of the old
roof.
Home owners planning to re
roof will find, that asphalt shin
gles come in a wide range of
solid and blended colors for any
setting or type of architecture.
Shingles are available in many
shapes that form distinctive de
signs on the roof. You can add
new beauty and protection to
your home with 'smart, practical
roofing.
Bathroom May Be
Made Into Laundry
Check your bathroom size
carefully if it is at least 8'xl0'
it may be converted into a prac
tical laundry center.
What spot in the .home could
be more logical for such a work
room? Since the family bathes,
dresses and undresses either in
the bathroom or the nearby bed
rooms soiled linens, clothes
and towels usually collect here.
Standard size washers and
dryers can easily be accomodat
ed in this area.
Short run pipes for the extra
plumbing help keep installation
costs low and, hardly more
than four feet of wall space U
needed for the , equipment.'
to the Future!
GAS Appliances!
WATER HBATBR
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SERVICE
CALIFORNIA-PACIFIC
UTILITIES COMPANY
OREGON
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6th & Fir Ph. SP 2-62S1
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nines