Graduate Thesis Or Dissertation
 

Differentials among single-unit owner-occupied homes recently remodeled in Corvallis, Oregon

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  • The purpose of this study was to investigate the home remodeling being done during a period of varying economic conditions. A population of owner-occupants who had purchased building permits to spend $100 or more remodeling between 1965 - 1970 was collected from the files of the Building Inspector's Office, Department of Public Works, City of Corvallis. The Corvallis city directories for the years 1965 1970 were used to check if the remodeled houses were owner-occupied as well as who occupied them at the time of remodeling, and in 1970. This list was further checked with the most recent Corvallis telephone directory for spelling of names and addresses. A questionnaire developed for the study was mailed to 320 households. Of these, 121 usable questionnaires were returned. The responses to the questions were coded, tabulated, and summarized by the researcher. The following hypotheses were tested: 1. There is no relationship between the annual rate of interest charged for money borrowed and the total amount spent on remodeling. 2. There is no relationship between the monetary value of the house and the amount of money spent in the remodeling of it. 3. There is no relationship between the stage in the family life cycle and the type of remodeling done to the house. On the basis of the chi- square test results none of the hypotheses could be rejected. Families were classified and placed in one of the following six stages of the family life cycle: young couple, founding, expanding, contracting, contracted, and other families. Of the 121 households returning the questionnaire, 55 percent were in the expanding stage, 14 percent were in the contracted stage, 10 percent were in the other stage, nine percent were in the founding stage, eight percent were in the contracting stage, and one percent was in the young couple stage. Data on three percent of the population were not sufficient to classify by stage in the family life cycle. The United States Department of Labor's Dictionary of Occupational Titles was used to classify the occupations of the respondents. Sixty-six percent of the 114 men and 49 percent of the 53 employed women were in professions. The average age of the women was 44 years, and the average age of the men was 47 years. The average age of the sons and of the daughters was 12 years. The average size of the household was 4.07. Sixty-three percent of the households remained the same size from the time of their remodeling through the time of the study. Seventeen percent of the households increased in size, and 20 percent of the households decreased in size from the time of their remodeling to the time of the study. Most of the families financed their remodeling with their current income and/or savings. The first remodeling was usually an addition to the home, and was more expensive than the second or third remodeling. The second remodeling was usually an alteration. A building contractor did most of the first remodeling, but family labor was also used. The husband and other family members contributed more assistance to the second and third remodelings. The average market value of the houses at the time of remodeling was $17, 784. The houses most often remodeled were built between 1957 and 1961, and had been occupied for about nine years by the families who remodeled them between the fifth and ninth years of occupancy. Families who remodeled felt that it was important that their present home provided privacy for family members and storage space. They wanted to improve their homes by remodeling the space for leisure-time and work activities, storage space, and privacy. Families were limited in their remodeling by the amount of space available and money they wanted to spend or borrow. Only 53 of the 121 families borrowed money to remodel. They paid an average interest rate of 6.47 percent per annum. A Federal Housing Administration insured mortgage from a bank was the most often used source of borrowed money.
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