Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1919-04-17
PAINT As AN ASSET. i.
Bankers Say They lend More
Money on Property When "
Buildings Are Well Painted. .'5
AN INDICATION OF THRIFT.
One Concern Advances 25 Per Cent.
More if Repainting Is Done
Every Five Years.

Does It pay to paint carefully farm
buildings? Does it add to the selling
value of d farm when buildings are
properly kept up and regularly paint
cd? A careful inquiry OF number or
leading bankers in the Mississippi val
icy, Including such states as Iowa, 1lli-
ncis, Michigan, Ohio, Indiana and Mis-
cou-i, reveals the fact that in nearly
cvery ease the bankers Gid not hest
tate TO soy that they would lend all the
way from 5 to 80 per cent. more on
land where farm buildings were well
painted and kept in good condition.
IhcT maintain that well kept-up and
EsIl painted buildings and fences are
m indication Of thrift and that the
~ ::ttg' farmer is 9 good client, ana 10
hi. money can ie safely loaned. An
Grar2E5 or the returns from these
bankers cnc1C that the increased. loan
value because Of painted buildings is
.1apn@ % per csnt.
aome OF these bankers make inter-
satlpE comment 4 Michigan concern
-ay5 Gnc:, while not especially pre-
paS26 70 .1yi5s definitely in response
Z, t.1.ii3 induicy, the officers would loan
yrcr5 15ney O. fGrnG where buildings
were -zi1t.& than T-hare they were
~. 60 tr5.Ea5. This bank also finds
sha: wil1@a houses, barns and fences
ne =5i, CzZan care CT the farm is a
proGtar,. proposition, and bankers in
genera consider the farmer 4 good
cliz-r. .A7otlac Michigan bank says
:.ta1n Buildings cut Of repair and
needing pain: indicate that tie owner
Is SLOW pay" Such farms are rated at
ahcuG 5..z third OF the assessed value
Tor IJalz. Where the farm buildings
zr3 L gooi 1nape ths rating is onc-
aalss.. Ths president Of :, middle west
e.r bal: says that Uhen real estate
lots are considered, painted buildings
ar, cl=,-s5 take. !ntc consideration in
making - estimate. Tho general ap.
pvaral-a % the property surrounding
"a l5yse cla BAN and also inc fields
- 1vacaS would DC carefully 0hserv.
e.. IL luther says that he has no
heaitaa2- II saying that he would ab-
-clpta.,@ refuse = loan on farms where
.t.a .usidings were not kcps up and
We, painted. Ir his Judgment, un-
painted Farm Buildings wou,d .sdylcc
tna loan yaiue ii least - rc" c.-t.
i Minnesota nanker says tnat nc IS
:IU-h more willing to loaL moaay
v.iara tie buildings are sell painted.
| II ,iiJ particular case he bciievoS that
he would loan &c Ter cent. more than.
If the buildings were no1 properly
taken care OF. A farmer mo Wi.
keep his buildings painted taEe5 :
nluci! deeper interest II MS wcrl; char
one 1tlo does not. -io5thGr Minas-
sofa bank says that Nc! gailt.l cuil--
| insE have resulted in secu.ic- ..s1l.
| his bank sometimes as ni.n - - pG.
cent. more money t!lan where the
buildings are not painted. N Chic
concern says that it will loan IS pr
cent more money on we'll kept farm
where buildings are painted at least
once every five years. y southern Iii.
nois bank says that 1t has no fixed
rule about this, but it does make de-
/: ciaeas iherence when owners of farm
|: Lands aallS If;oE loans. If the buildings
/ are ssWeil :painted Sand- thus vel! pre-.
i