Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / Jan. 31, 1981, edition 1 / Page 36
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Page 14-The Chronicle, Saturday, Janua Sound A Buying A "Real Estate is the only thing that young people can invest in and be secure," according to Gus Chrysson, president of Chrysson Brothers Realty Co. at 1045 Burke St. Chrysson, a realtor for 25 years, said that buying a home is 'he best investment that a person can make. "Home owner^ip is the foundation of the wealth in this ^country. More people own their homes in this country than anywhere else," he said, adding *that in the standards of American upbringing, "owning your own home is i the American dream." To make that dream a pleasant reali, ty and not an expensive nightmare Chrysson offered a few key tips on the purchase of a home, especially for first time buyers. "Buy a home within your means," Chrysson advised, saying that to do so at times may be difficult. "Many times, especially with young people looking for their first home, they judge what they want by what their parents have, not by what they realistically can afford. They have lived at home for a good portion of their lives with their parents and, therefore, 1 they wanLa^home.the same size," he said. Chrysson said that talking to a competent realtor before buying a home, could save people frpm the frustrations of having a home that they cannot afford. He said that most first-time home buyers don't buy the home that they plan to stay in forever. "They buy ^something affordable. They buy what we call starter homes," Chrysson said. He continued, "The first thing they have to resolve is that the first home is not going to be a "dream house." I ad MAMU ? 1 - 1 ?..iv iiv/i ix7 uuy a nome thai comes with payments so high that they can't enjoy themselves once in awhiteV* ChfyssOn atso advised pro-Cutting Utility Bills food. You can use lower temperatures and there's no need to preheat the % oven. Unfortunately, there are not many models on the market; you may have to search for one. Q. In other ovens, is preheating necessary? A. Only for foods that are cooked a short period. No need to preheat for a large roast or stew that is going to slow-cook for hours. 0. I'm feeling guilty about using the self-cleaning oven on my kitchen range. Does it waste * ir*t ? - W? Wl ICI JC-X A. Not as much as you might think. In a year, the average cook uses 30 more kilowatt hours in a self-cleaning oven than does the owner of a conventional range. In most areas of the country, it costs about 10 to 12 cents Q. I still don't understand the terms "wattage" and "BTU" and just what they mean to our natural resources. A. Let's take "watt" first. If you burn ??? ry 31, 1981 dvice On t Home spective homebuycrs against purchasing the most expensive home on the block. "If the homes in a neighborhood range from $40-550,000, it's best to buy a home in the mid-$40,000 range," he said, explaining, that the property ~ value on the most expensive home is lower because the homes in the neighborhood sell at a lower price. The lnU'f>cl nrifo/l U ? - ? * 1 . k .t . |/< IV.V.U 11 \j 111 c in i ne neighborhood has a greater property value because of the more expensive homes in the area. For those interested in purchasing a condominium or townhouse, Chrysson advised checking with the owner or developer to make sure what resident's fees will be required for upkeep and maintenance on the buildings and lawn and the privileges, if any, associated with living in the development. "if the condos are new, the fees will be less because they aren't fixed yet and the repairs and general upkeep isn't necessary as in older units. In buying a condo, 1 would also urge people to check and see if the use of the nearby tennis courts and swimming pool, etc., is included in their maintenance fees, or if there is an additional charge," said Chrysson. He said that the purchase of a home, be it a single family unit, a condo, or townhouse, is I essential. "Each year that you wait to 1 buy a home, you lose, he said, quoting I figures that indicate that homes ap- I preciated at a rate of nine to 12 percent, some higher some lower, depending on I the area^ 7 ~ I "A $45,000 home last year, is worth at least $50,000 this year and who I knows how much next year. A home is I the most sound and wise investment that anyone could make. It's I something that people should strive and save to attain because a home will I atways tnra necessity. I From page 11 I a 100-watt light bulb, night and day. I for a whole year, you can figure you I have burned 675 pounds of coal. I That's what it takes ? a third of a ton ? to generate the electricity for I that bulb. "BTU" (British thermal unit) is the amount of heat needed to raise the temperature of a pound of water by one degree Fahrenheit. There are 5,000 BTUs in a pound of wood, 1,000 in a cubic foot ot natural gas and 13,000 in a pound of coal. At a power plant, it takes about 10 BTUs to produce one watt-hour. Q. Near the serial number on a little motbr I use it says "0.40 amps." How can I figure how much electricity I use when I run it for hours? A. By multiplying the voltage of the house current (probably 120) by the amperes: 0.40. That's 48 watts. If vou run the motor 24 hours, it uses about a kilowatt of electricity ? 10,000 BTUs. That means you've used about a pound of our coal resource. | Quality A?i I COMPANY r lit Svaimit Avmmm 6ihi*iii, N. C. 274M ?? (tit) 37t-1l7t Call us!! You'll never reg nvmc ruiltl WHEN YOU DRIVE BY OR SI HOME, DON'T CALL THE NUN PANY SIGN STRANGER!! CALL HELP YOU AND WE PROTECT V CALL QUALITYPROPERTY MANj DO YOU DESIRE TO KNOW TI MENT REAL ESTATE IS GET! MAINTENANCE, MANAGEMEN1 THE PROPER DECISION TO MAI CALL QUALITY!! DDADCDTV T/ m nv/r LiH 11 1 V DO YOU DESIRE TO KNOW 1 MARKET PRICE OF YOUR R ASSURE MINJUMUM MARKET * MARKET Pf^E FOR YOUR PRO CALL QUALITY!! INVESTME DO YOU DESIRE INVESTMENT - PORTUNITIES, OR THE APPRI TAGE OF INFLATION, AND A Ri Vr\TlD cmitTV /->*?* * ^ ? v/v/ rv LyUi I K f A fKUt4 US! CALL QUALITY!! I * nOur opportunity to succeed de commitment to permit us to a ^ ''satisfied clien t' REALTOR Quality Service by Qual!t\ EALTY, JNC. 21 ?rluStrwt MMNMm. N. C. 27111 ( 11) 722 1372 % M ~ Jv" ' > J ^ V'^B J* v B VI K*V^ Kfljiijl I 9 ^0^9r ^|^vlflHyy^^l ref that decision!! HASES 5E YOUR PERFECT 1BER OF THE COMA FRIEND, WE CAN rOUR INTERESTS!! \GEMENT 4AT YOUR INVEST.-_ TING THE PROPER T AND ATTENTION. CE IS TO: > sale ["HE ACTUAL FAIR EAL ESTATE? WE TIME AND EXACT PERTY!! * :nts TAX SHELTER OPECIATION ADVANETURN OF AND ON 5IONAI.. pends on your ttain you as a l Realty MLS |
Winston-Salem Chronicle (Winston-Salem, N.C.)
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Jan. 31, 1981, edition 1
36
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