Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Jan. 11, 1959)
HERALD AND NEWS. KLAMATH FALLS. OREGON SUNDAY, JANUARY 11, 1959 THE HOUSE OF THE WEEK $59 A Month and No Money Down r By DAVID L BOWEN If you're dreaming of a home of your own, here's a plan that can put the dream on a concrete foundation. PAGE SIX wmm 1 ' mmm ' w mi m hwmijjim" h ijmmhp mil wijffli)l1w'ii- i""1" ' 'Pair'mi It's an economy house if there ever was one, planned to the last shingle to save money and aimed at a specific section of the federal housing law to help solve the financing problem. The result: an attractive, com fortable three-bedroom contcm porary home that can be built in New. Jersey a relatively high cost building region for a bit under $8,000. A builder who has experimented with this house type estimates that at total cost of $8,000 for house and 'and with no money down, the payments for insurance, amortization, interest and ordinary taxes on an FHA lo;.n would be around $59 a month Section 203 1 of the Federal Housing Administration's Mini mum Property Requirements is the relatively unknown and lit tle used avenue to government guaranty of a loan on this nouse. That section was put into FHA regulations primarily to help pros pective homeowners n rural com munities where marketability of homes made them unsuited for the more common sort ol FHA loans. The average lending insti tution doesn't use this section often enough to realize that it can be just as helpful to city and subur ban home builders. 30-Year M ortgage Here's what it means to you: Section 203-1 offers 30-year mort gages (customary period is 20 or 25 years). It makes available up to $8,000 in mortgage money to the prospective builder of a house meeting its standards. "wr cfEr-h-t-ti I ...l.4l I , I J T-j DINING KITCHEl! I EASY ON THE POCKETBOOK: This three-bedroom home was planned to the last shingle to save money. The basic owner can even get a 100 per cent mortgage and make no down payment on a house meeting the requirements and costing no more than $8,000. House of the Week X-4C has been engineered by Architect Les ter Cohen to meet the require ments of Section 203-1. The $8,000 no down payment" FHA-guaran- teed loan it is eligible for may, in some cases, not only cover the cost of the home but the lot as well. Its incxpensiveness makes it ideal for the young family just starting out, for older families with an eye on budget' and easy housekeeping, or it could be built as a "second house" at the shore or in the country. Money-Saving Know How How does this house differ from other more expensive ones? Not so much as you would imagine judging by the price. Some of the economies: All partitions are non bearing,' because simplified truss Thus the 'construction is specified; 2x3s are house can be built in most areas for $8,000 and is eligible for an FHA-guaranteed loan of that entire amount. ' Send this coupon for your STUDY PLAN YOU CAN GET a study plan for The House ol The Week by filling in your name and address on the coupon on this page and sending it with 35 cents to this newspaper. This study plan shows each floor of the house together with each of the four elevations, front, rear and sides of the house. It is scaled at Vs-inch pei foot. It includes a guide on "How to Get Your House Built." You can take this study plan to your bank 01 other mortgage lender and to your builder and get rough estimates on the cost of construction in this area, as well as an idea of the cost in relation to your budget. With this information you will know whether you will want to proceed with construction by order ing working blueprints direct from the architect and asking for bids for the work. STUDY PLAN ORDER COUPON Building Editor: Enclosed is 35 cents Please send me o copv of the study plan of The House of The Week. X-40 Nm ............. (pleat print) Stmt -., Cr Stat OPT. EXTRA. BREEZtWAV A NO GARAGE I HASTE" I - ' TM CEMOOH BEDROOM 3 LIVING ROOM I Tjl I2''6 IV S 11 I 'QJU fUTURE RECREAT ION ROOM 2 IT' , 'IT I INI" " STORAGE k HOBBY ROOM XT rmat tii FLOOR PLAN shows efficient room arrangement in this economical tionals are offered with the basic plan: a vsrsion with full basement, garage, and a rear terrace and barbecue. Floor area of the basic house is 864 feet. home. Three op a breezeway and square used instead of 2x4s; house di mensions make best use of stan dard lumber sizes; heat duct runs are minimum, increasing heating efficiency and reducing size of unit required; the plumbing diagram a model of simple efficiency. None of these factors, says the architect, affect the durability of the house. They all help to Ijring the price down. Plenty Of Glass The plan shows the remarkabl.1 amount of livability Architect Co hen has provided under the severe cost limitation. Sliding glass doors from floor to ceiling in the dining room are an unusual luxury in such a home, as is the awning-type pic ture window in the living room. Closet walls separate the mas ter bedroom from the rear b e d room, and a similar sound buffer stands between bedroom No. 3 and the hall. Two of the bedrooms have double exposure and the bath room is conveniently located for family and guests. The kitchen-dining area is big and bright, with provision for a sunny dinette nook. The basement less version has a utility room. with side entrance, hard by the kitchen. Five closets and the utility room provide adequate sotrage. Special Features A special feature of X-40 is that it comes with plans for optional ex tras. The first of these is a base ment version, making provision for recreation room, hobby room and laundry downstairs. The second adds a breezeway and garage to the side of the house. The third puts a terrace off the dining room At additional cost, these features could be built during original con struction. The breezeway garage and the , rear terrace could be handled later by a pioficient do- it-yourself home-owner. Exterior and Statistics The roof is asphalt shingle, with trim masonry block chimney. Ex terior materials are asbestos sid ing, both attractive and practical, plus brick veneer. Awning win dows are used for the ;iving room, double hung windows for the bed rooms and sliding glass with fixed side panels in the rear wall of the dining room. The house measures 36 by 24 feet, with 864 square feet of liv able area in the basic house. SLIDING' GLASS DOORS lead from the dining room to optional terrace. Both the terrace, with its attractive barbecue, and breezeway garage could be erected by a proficient do-it-yourself owner after the family move in..
