Indianapolis Times, Indianapolis, Marion County, 13 September 1952 — Page 15
3, 1952
A Idea that toda: a result of this research, features a few months WHEN YOU WALK through kitchen with lots of Form ica top cabinets. Automatic they ‘will not ge: are now avaliable in medium and away. He's Huse holises, you will fee dow water heater. “Beautiful porch in rear. Attached 2-car good vais. fo low-priced homes, whi before bear doing mach moan ban earned about (| at conaricton Sing ond toon Po Ba or Tes Fisteg to He pear, ginning of saving and housing himself. arrangements ol combine to make this an exceptional they wait OAKLANDON HEIGHTS—This is a typical home to be built | time from These homes are planned, value. Built by one of the outstanding builders and de-
SATURDAY, SEPT. 13, 192
Cost Of Homeowning
Price-Income Ratio Makes | Property Sound Investment !
By JOHN BAUER President, Marion County Residential (gage at 4 per cent this amounts
jen Cou [to $320 a year—plus the amount To. own their own home is the ©f local tax bills, dream of every American family, A$ to the quality of the home The only question in the minds of YOU will be buying —never before today’s young Americans seems. has the home building industry to be—when to buy. engaged in such intensive reStories of inflated post - war Search to provide better mateprices have given _ rials, better construetion, better some people the en design and better equipment. As
prices will com: & In answer to the nation-wide
down t eo 8 ; Yar 30 the pre demand, builders have turned m to Colonial the final placing of the sod and Walter Eaton BR-4933 MA.2318 Not only Is thi their chief attention to the pro- frame, or a shrubbery, for convenience, Builder—Lawrence S. Eaton BR-1447
duction of good low-priced homes. Large-scale home builders are |
wishful thinking but facts and fig
THE INDIANAPOLIS TIMES ZL
Is Relatively Low _
i Tn
to sell between $11,500 and $13,000 by Jessup & Waddy.
{ flat, | limestone
| A Man Who Buys a Home Owns His Peace of Mind
(Reprinted from 1051 Parade of Homes Section)
By HAROLD HARTLEY
Times Business Editor
AN is on the march. He's
not stalking game, for the rich harvests are coming in. His search is as old as he is. It is for shelter, to keep out the wind, the rain and the chill,
cave to cabin
rambling
the best part, knowing . how, When you see the hundreds of houses, in all stages of construction, you will be looking into the showcase of Indianapolis home building. ~ » »
their pride in
from the architect's board to
They are patterned for a minimum of effort.
OPEN SUNDAY
BEAUTIFUL MERIDIAN HILLS DISTRICT 135 WELLINGTON ROAD large living room with ize dining room, extra large
3 large bedrooms, 2!/. 2 baths, marble fireplace, full
signers,
FIEBER & REILLY
ranch house. yy un » ures prove hous- turning more and more to In-| / COMPLETE REALTY SERVICE ing today jg one. Mn-Baver | i viduai Bit TR a SOME: WILL look small, com. SALES—MORTGAGES—INSURANCE—RENTALS of the least inflationary Buys this ual, architect - designed choice. Mr. Hartley pared to the rambling old space- MA-2318 \ 2 nation has to offer. Today's home Domes in large subdivisions. He is hunt- wasting homes of parents and . 124 N. DELAWARE | buyer is getting more for his A The result is that each home is | Ing security, and peace of grandparents. But they are = money, at less proportion of his different: a different architect- | | mind. He wants protection for functional. And that means they | — 5 nd Income; than ever before. ural plan, different exterior ma- | his family, and a little world contain enough space for com- hdd do dk AA Ak dA ddd rd ded Let's examine the record, and terials, different floor plan, with of his own. . fortable living, but less to take diff i . =u care of, keep clean and in me we shall see why now is the best different set-back, on the lot to | THIS WEEK the builders of repair. p TRADITIONAL
ey dream of home ownership. | nevertheless not be obliged to work they have done in shelter- putton living, modern sinks, TODAY Income Up 205% {live in “peas-in-a-pod” monotony. | Ing a town which grows by the ample closet and cupboard | minute, are opening the doors of gpace, . Furnaces, for instance,
| ° ® | p {that the demand constantly ex- ’ complete, some furnished, and ay more purchasing power — even y WwW i ’ MOST OF THIS is past. Furwith the inflated dollar. That|/ceeds the supply. Builders are A] er ! @ omes some alt a hers naces are better looking. And | r means that a new house is easier working full time in an effort to : *%8 . ‘ there's less pipe. And those | rom Ee te buy. M CIN i fn ouser ition They want you to see the ma- ),,.0y ‘which have basement | THE S Nor instance, tn 1030 it took! rr, La this demand, terials and planning, and the .,,., pave additional room | “th average TSautsEtuTing wart | Should government eontrols| Just 30 minutes from the Circle, bathroom with tub and shower,| Workmanship, and above all, ghioh can be kept as clean and | HOUSE er 206 work weeks to buy a new or housiug Sreai} finally be | Jessup & Waddy, builders, are automatic oil furnaces, electric the workmanship. comfortable as the rooms up- | home, Twelve years later, the re would undoubtedly be| zo i 0i0ning a project of 150 mod- Water heaters, complete insulation 3 AE stairs. of
to -achieve - that give added variety. If your re-,
possible time sources
are modest, you will
Since 1939, personal income has, risen 205 per cent, whereas prices| of new homes have risen only] 110 per cent.
A Sure Sign
Sure sign that today’s homes ‘are good buys, and that now is|
With this enormous increase tye time to buy them, is the fact in personal income everyone has
{a minor boom. Couples who had|
same worker needs only 151. previously been able to make |
le
8 home. Wek a ay ia ‘that| Regulation X down payments “ilis-Houser addition ai Oak-1"® yaxiandon Heights, a second up, nailed up tree, with a coat frigerator niches. would rush to buy their new | During the Parade of Homes addition planned to include 135 of paint. It has his name on The Parade of Homes which
building costs—and thus prices), of new homes—should come down De Ilia 18, can make the, in the near future, so also would {necessary down payments the prices of automobiles, bread, y,ichword is — buy NOW! And! clothing, radios and, most Im-i op omper high down payment is
{they will have 14 houses open for {inspection in which is located on the south edge lof Oaklandon, immediately south
SUBURBAN NORTHEAST—This home at 6060 Middle Drive in the Jessup & Waddy addition is open to the public.
and complete electrical outlets for
rn three-bedroom homes in their ranges, washers and dryers.
houses, will be started late this year or in early spring. This section also 1s approved for FHA and GI insured home
the development,
Marion County, proud of the
hundreds of homes, all kinds, all parts of the city and county, to show what a house can be. They do it as it should be done, They show their houses
A HOUSE to a conscientious builder is more than a sliced
it. It is the measure of his reputation, his worth and standing in the community. The same goes for the workmen, It is their hammer
They are designed for push-
used to look like giant spiders in the basement with pipe webbing in every direction over the basement ceiling. ~ » »
Kitchens are built for electric |
dishwashers, disposals, with re-
begins tomorrow is really Achievement Week for those who use their brawn to build
for your shelter, your securtly. |
AAA RA RRRRA AAR AAR AAA AAA RRR AFA SARA AAA AE
TOMORROW RESIDENTIAL LIGHTS
FIXTURES
PLENTY
HERRERA RRR RRR RRR R RRR EERE R
oe es. So that, inf U. 8S. 67. loans and will include 3-bedroom nn OF » Paruin: gt ane Age in itself an advantage, since it “ ~wa three-bedroom homes homes in a price range of $11,500 strokes, their push and pull of Comfort Quotas pm * hie to pay for the homes they wil Ireduce the amount of YOU ona nrinae vanes from $12.500 to/t0 $13,000. Lot sizes here will, the saw, their meticulous sweep | FREE "ELECTRIC » desired mortgage, and consequently t) $14,500. The addition is planned average about 80 by 200 feet. | of the paint brush, their ex-'| It's often been said that the SUPPLY 3 ] Inflation tends to make a Broun: of interest to be paid. py ‘the FHA and approved for | actness with the threaded pipe, |ideal average temperature is 72. PARKING i 4 doll ere 1s nothing to be gained b, os aud GL home loans. It| § k Proof the square of tile, or the un- But according to a survey by ¥ . SE * house more valuable in dollars. waiting to buy a new h MULL a aan par roo x * y ome, excepi Foction of hoes erring snip of the tin shears. | Minneapolis-Honeywell, tempera- 1001-5 UNION ST » At the samb time, happily, k does more rental receipts for your stor- of “1000 Square sEut SF more, Laboratory fire tests show that | ra ture preferences vary from a cool ¥ ' » nor | or] i, inersase the piyracnts ot age Tiles So go out into yeur eity| 1ot sizes average about 100 by Nome electrical wiring devices] EN WHO BUILD houses (88 t6 a toasty 76. Ten per cent of Serving Homes, Stores, Factories Since 1932 * ee them cost less in relation Sh nan _Beighborioods and i188 feet. The area is serviced by made of urea plastics will not are different. They can. see those queried wanted 74 to 76 de- x x to the purchasing power of an in-| the Hows Oilerings. You can get both public and parochial school ignite from spark or flame caused, what they have done, how good |grees, 80 per cent were satisfied i Have You Looked at Your Lighting Fixtures Lately? » : you need at a price you puses. lby short circuiting, minimizing, it is. And this is much of their with 71 to 73, and 10 per cent de- ¥ .. flated dollar. can afford. red 85 to 70 [RRR R RR NNE RRR SRR RY
reward. It's a part of them,
5 > Typical homes include 2 tile the danger of fire from this cause. wo —
"MARION COUNTY RESIDENTIAL BUILDERS Know... Home Buyers Want the Big 3 in Modern Home Appliances!
PHILCO ssl Pope veeeesee BENDIX
A PERFECT PAIR For the Home That Stays Young Automatie Washer and Dryer Add Many Dollars PHILCO erg alt
To the Value of Your Home! ELECTRIC RANGE and REFRIGERATOR
Will add much to making your kitchen the most modern of our time.
Mortgage terms, too, are more faverabls than” in former days. Let's compare the steps our parents and grandparents had to] take in order to acquire their | own homes, and the easy path followed by today’s home buyers.
Good Old Days? In the “good old days” most young married couples spent the early part of their married lives, in rental units, saving toward the purchase of a homs. It took quite a while to save, too, because not only did they have to put down one-quarter to one-half of the purchase price, but the mortgages they could get were short-term ones—from three to five years, at from 6 to 8 per cent interest, plus charges for renewing the mortgage periodically. So their monthly payments were a heavy drain on the budget, Today it is a very different pie-| ture. The government and the home-building industry have cooperated to produce terms which | enable home buyers to finance their purchases over a long period of time. | Now, the building industry looks, to the home buyer's monthly in-| come, If he is a responsible man, has a steady job and seems able to keep up payments over a long’ period of time, he is able to buy his home with monthly charges spread over as long a period as 30 years.
Complete Job
In 1910, the new home owner) generally had to spend at least another $1000 to make his home truly livable and to finish grading his lot, seeding it and plant-| ing shrubs, before he even began! the task of furnishing. i Now, all of these things and, many more are included in the! purchase of the house, and covered by one mortgage. The millionaire’s home of those earlier days would suffer by comparison with the average home of today, Today's new houses often come equipped with automatic, i silent heating, refrigerators, elec- } tric dishwashers and garbage disposals, clothes washers, and in some cases, dryers and even , ironers. : Included in the final sales price! ' iis i is expert landscaping of the lot, sidewalks, curbs and gutters and shrubberies. The extra cost of these services and items goes into the overall price of the house, and is included in a “package mortgage.” In this way today's home buyer is able to enjoy all the modern labor-saving benefits and pay for them over a long term. } Then too, real estate taxes and i the interest paid on mortgages I are deductible from your federal Income ta: tax. On an $8000 mort- » nA
~ INDIANA
DISTRIBUTING CO. 2131 N. Sherman Drive
{mn
1
Aly
Yes . . . builders and home owners know that homes have GREATER SALE VALUE when they are equipped with BENDIX AUTOMATIC WASHERS AND DRYERS. If you are ya prospective home owner look for Bendix . . . have it in your home . . . for your own pleasure and sonvenieee, and for greater re-sale value.
2407
2489 2n
PHILCO 428... featuring “Broilunder - glass” and Built-in Jiffy Gridle » « « See it demonstrated with all the newest cooking features.
Builders and Home Owners Know That
bungstoun frilshons
have every modern convenience for time and work saving plus a breath-taking beauty. Above is a photo of one of our several model kitchens, which-are available for your inspection.
v
The Electric Range with all the Features!
® Youngstown Kitchens Electric Sink featuring Jet-Tower Dishwasher. Also shown is the Youngstown Kitchens Food Waste Disposer that keeps your kitchen clean as you go.
® PHILCO 1125 + + « the sensation of Phileo Advanced Design. Luxury features, color styling and huge 11.2 cu. ft, capacity . . . unmatched at its price.
® Youngstown Kitchens Deluxe ‘twin sink with cabinet and drawer space, for greater convenience. One of 14 cabinet sink models of every size and description,
BENDIX New Washer and Dryer
Make “Perfect Pair”
* Features
MENGEL KITCHEN
CABINETS
: "EIREWEL" OIL & GAS FURNACES
| VAN PACKER GHINNEYS
® Rotary Corner Base Cabinet puts corner space to work, brings any desired items to front. Holds as many as 78 cans,
The new Bendix automatic washer and dryer make a perfectly matched pair. Both feature flush-wall mountings that hide plumbing and venting connections, porcelain work surfaces and jeweled “porthole” doors. Buy them separately, if you wish, suiLoiNG Broouers || RA DIO EQ U | ¢ ME N | CO. Main Coun Reson Builders | Assyiaon, 0.08."
In Many of the | — 1010 CENTRAL AVE. INDIANAPOLIS PHONE PL. 6453 : 4 | PARADE of HOMES || er : ig | vnomerow 2039 || DISTRIBUTORS FOR... PHILCO . .. YOUNGSTOWN KITCHENS . . . BENDIX ataab in Te at
A 511 Indianapolis Favorite!
We are proud of our membership in
——— ® 7 ' 3
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