The Washington times., 1920-02-03
A Brilliant Film Romance With
MARION DA VZES
Saving Money in the Home
Little Tricks For Women
in Household Economics
By ELIZABETH LATTMER.

UYING q home. though not q
complicated transaction 10 one
~ In which IL is easier TO 60
wrong than to go right. One of the
most general mistakes IL making q
small cash Investment and the con-
sequent carrying OF a heavy mort
gage. Before buying a home there
are several questions that should be
carefully thought out They are:
Have / enough money for sub
staptial cash psymentT
Will the property meet my needs
for a reasonable future timer
II the property a good Invest
ment and will its value increase!
Has IL . clear titieY
While Il 10 not necessary to have
all the cash before buying . home
many people yield too readily to
impulse or persuasion and md
themselves burdened with a mort
gage that is most discourasing
and frequently impossible to pay In
the time given to pay IL. They buy
on 4 small cash margin or In many
cases on no margin at all and
obligate themselves to heavy In
stallments which eventually result
in the loss OF all that has been put
into the property.
Such q transaction is false econ
omy and really amounts to paying
an exorbitant rental for the prop
erty and assuming the burden OF
taxation and depreciation. Fre-
quentiy the depreciation takes
place faster than the reduction OF
the mortgage which means that IL
the property is put up at auction
1t fails to bring the full purchase
price and the purchaser finds him
self in debt with nothing to show
for II. You should have at least
one-third OF the purchase price in
equity and at the same time keep
the mortgage in proper proportion.
Is the home best suited to my
needs? Here is a question that de-
serves careful consideration. Many
to get a house will fail to take
into consideration the most essen
tial reasons for acquiring a home.
1t should not be merely q house
with walls, doors, windows and
partitions, but in its construction
should have the requisites of COM
fort and honey coveniences. En-
vironment should be a prime fac
tor. Even If q home is a good in
vestment II is a mistake to buy 1t
IL its environment IL not conducive
to pleasant and uplifting living
conditions. The home Is the place
where the body, mind and soul
should have peaceful repose from
the days labors in order that tho
next day may be met with fortitude
and strength. Be sure that you Sc
lect Q place to live that combines
beauty and harmony with useful
ness and convenience. Do not be
misled into buying something that
you don't want. You will eventual
ly find that IL has cost too much no
matter what you paid for it.
Is the property a good invest
ment? Remember the home Is a
place where you want to enjoy the
fruits Of your labors. You dol t
put money into a home to get cash
dividends, but to get dividends of
happiness. At the same time take
into consideration the probability
of selling your home and be sure
you can get your money out of 1t.
Be sure that you do not buy in a
dead" part of the town. Get in
the path of the towns develop
ment. and II it becomes necessary
FOR you to sell you may be rea-
'onably sure Of getting your money
eek.
Is the title of the property clear?