Indianapolis Times, Indianapolis, Marion County, 17 April 1941 — Page 23

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THURSDAY, APRIL 17, 1041

"THE INDIANAPOLIS TIMES

Home Building This Year

Defense Heightens

Natural Increase

But Cyclic Upswing Figures in Activity Which May Bring Total of 6000 New Units in City

By DAVID MARSHALL Indianapolis is in the first stages of the greatest homebuilding boom since the balmy days of 1925-29. Residential ¢ tion this year, local housing experts predict, will top anything this city has seen in the last 15 (barring serio war repercussions) possibly est on record.

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elled the total. I believe may be built than After studying I'd say that there will be

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6000 new units

within the County in 1941

Further backing of these

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t 10 per cent of eport ed, saving 680 single-two-family Th up this aver-

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1. Fattened payrolls, buzzing factories . . . mean rows of new homes. 2. Where once grew wheat and corn . . . now are defense worker's homes, 3. Such a picture will be multiplied 3000 times this year, experts

say.

age. some 6000 units would be a conservative estimate for the year There are two more very portant factors which, as yet not entered the picture as fully they might The first is increased home buildEvery since April of last as been “the time to buy. costs here then began tol a June thermometer A six-room house which cost £5500 in April would cost £68500 by January and more 1a) Construction men and real estate analysts predict that wholesale Commodity prices, wholesale building material prices, and labor| costs all will continue sharp upward| spurts Roy Wenzlick of St. Louis, president of Real Estate Analysts, expects) ilding costs this year and next to rise s0 rapidl lv as to discourage private building and urges anyone hoping to build within the next five to 20 years to do so now. |

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have!

st andard less than almost

Boem May Surpass Needs

The other factor which should speed local ilding is FHA's new| for defense emergency| Under Title VI private will be eligible 0 loans on new houses they instead of the old 70 per cent Also the houses may be built] for speculation without the owner-| occupied requirement under other | sections of the National Housing Act Reliable estimates are that In-| dianapolis will need between 3000 to] 4000 new units this vear. If build-| ing goes ahead at its present rate| the needs will be far surpassed by| the building boom

DESKS ADD TO | LIVING ROOMS

Improve Appearance and Give That Comfortable Feeling.

The well-placed, utilitarian desk usually is the most used and best loved piece of furniture in the living| room. In

for

rent

addition, it often means difference between a perfectly dec-| orated room and one that seems to need something else. Professional decorators are put-| ting office desks in living rooms—| small compact types in rooms with le space to spare, larger var rjeties | across ample windows or at right angles to wide wall panels It's smart to put a flat-topped desk—face out—in front of the wi in one end of a long narrow living room. leaving adequate space between desk and windows for a comfortable desk chair and al waste basket If you have an alcove use a desk there, backed against the wall. A hand-painted wall paper panel, a long narrow print, hanging bookshelves or a group of small prints may be used effectively on the wall behind the desk. | There is a new look about the which includes a flat-topped desk and large sofa placed back to back, with a coffee table in front of the sofa and a chair behind the desk. The desk lamp can double as a reading lamp for the sofa.

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PAGE 3-A

May Be Heaviest On Record, Experts Declare

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Seek Advice of Competent

Architect, Builders Are Told

SO YOU'RE GOING to build your own home! Well it's not very simple and there are complications but it usually happens only once in a lifetime so it's one of the greatest adventures If you're the average person you've talked it over with friends and the family and have received quite a mixture of advice, some good, some bad, and a lot of it contradictory If vou were ill vou wouldn't be your own doctor. Nor would you to defend vourself in court. This rule applies to building a The first step is to consult a reputable architect ding homes and getting the most of your building dollar is his Let him use his skill for you.

attempt house Buil business. . NOW, IF you have not already done so, you must choose the site for this home vou have planned for so long. Discuss the matter with vour realtor. tell him what kind of a house you want, what your family needs are, and what vou can afford to pay Be sure to consider the proximity of schools, church, shopping center and vour office. Remember vou probably will live the rest of your life in the home vou build. And don't forget to consider the future of the area. Obviously to build in a neighborhood that will become industrial or commercial is foolish Your realtor can tell you whether water, gas and electricity are available. The depth of the sewer, if there is one, may be obtained from the city engineer's office. This is important for you may plan to put the laundry in the basement and if the sewer is not low enough vou will be forced to spend additional money to rebuild it on the first floor Be certain vour architect inspects vour final choice of lots. Then he can consider the slope, drainage, view, trees and orientation. As soon as the lot is chosen the architect can proceed with his sketches.

FINANCING is the bug-a-boo to a great many but is more easily hurdied than most persons believe. Your banker can be of invaluable help. Let him advise you. FHA insured loans are not difficult to acquire nor are loans from reputable loan institutions or insurance companies. As the plans for your house evolve, you will find that it may not be possible to get everything you wish in the available space. Many times it becomes a matter of give and take—you must decide which things are of greater importance. Study vour blueprints and live in the house mentally while it is being planned. Perhaps vou will have to sacrifice a rear stairway so that vou may have a breakfast rook. In such cases when one or another desire must give way, talk to your architect. He can point out the advantages and disadvantages from past experience.

2 ”

ALL, BUILDING may be divided into three major financial administration, mechanical equipment and construction, design. 1. Financial administration: In the matter of construction bids, the architect is free from entangling alliances and can give important advice as to the ability and other qualifications of builders. He also can check contract forms for fairness. 2. Mechanica! equipment: The mechanical portions of your house must be given careful thought The heating plant must be of the proper size for satisfactory work and plumbing fixtures are an integral part of a home to serve you and your family for a lifetime. 3. Design: Design is the quality of your house which will set it out as individual and mold its character. Good design is that “something” which lifts the house out of the ordinary, makes it a pleasure to live in and definitely adds to itt value. Afiother thing which must be taken into account are extras: This is particularly applicable to weatherstripping. electric fixtures, screens, driveway, finished grading, planting, wallpaper and shrubbery To avoid misunderstanding, the owner should know just what is included in his contract. Building your own home may prove to be less expensive than you thought and not as difficult as you first believed Consider it seriously, lay your plans carefully, help and you will reach a successful conclusion.

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1ST HOME LOAN MADE IN 1831

| | Savings Lenties. Through- | out U. S. Observe 110th Anniversary.

This month, throughout the na- |

tion, members of the United States | | Savings and Loan League are cele-

| brating a movement which began

with the purchase 110 years ago of |

|a little house in Philadelphia, Pa., which still stands. The house wag purchased by Comly Rich, a lamplighter. It was he who loan offered by formed

a society

{of the society

fund accumulated,

for buying a home,

The borrower was to pay interest at the current rate, and was to make repayments on his loan each month, As money again, | bers were made, his home debt free, Today, 110 years after the first | loan was made, the United States | Savings and Loan League, the na-

{ tions sponsoring thrift and home

received the first home |

more than a century ago. Members | saved five dollars | {each month and when a sufficient | the amount was | loaned out to one of the members |

accumulated | other loans to other mem- | and eventually | each man in the society was to ova)

| tional trade association for institu- |

| financing, records more than 8000 |

{active institutions in the United | States and her possessions, successfully carrying on the original idea for a mutual society. The time was ripe in 1831 for

| | the founding of a business that was [to provide security for millions of

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