Indianapolis Times, Indianapolis, Marion County, 28 September 1952 — Page 39
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MONDAY ®
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Section Four *
"The Indianapolis Times
Real Estate
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SUNDAY, SEPTEMBER 28, 1952
PAGE 39
Real Estate .....coo000es.39, 4 Business «..5.csnssss anes saill Small Homes Plan ....cv....4l Classified .........s00..42:55
40
Real Estate—
| Tastes Change In Home Plans
By DON TEVERBAUGH THE RANCHO-—America’s favorite home is still out-
distancing all other styles, according to a recently coms pleted survey of national housing tastes made by the
E
Coleman Co., Inc., home heating manufacturer. The survey comes at an oppor-| Henry Werking, president of more important to home sellers and builders. Today's buyers the American Home Owners, Inc., and they intend to get it. |discour age landlords by inferring By popular choice the two story y...o wag no’ chance of ending | na Sh Seventy-eight percent of those =, another letter, from an un-| EAST SIDE, people polled by the survey want In contrast to 1941, when 43 per, 2 wo» eent wanted Cape Cods, 26 per| FRANKLY, my only intention] * for the ranch type—58 per cent is happening in other cities. This| M 4 i of em. is important, I believe, to both | a eria S dwindled to 6.8 per cent and 4.8 here, Are Better per cent. As Mr. Werking pointed out in just any old kind continued to Apr. 30. It is not impossible to time is the unprecedented number increase in popularity, But today’s end rent controls, but it is not/©f new and improved building enclosed yard area. About 76 per gressional ruling, Apr. 30. {War II, A. Naughton Lane, presicent of the people polled had a: To decontrol rents the City dent of the Producers’ Council, Something builders had better | notice, and rule that no shortage | M4 it not been for the troustart concerning themselves with of rental units exists. Under the le in Korea, and the reimposimodern living. But that Isn't as easy to do as {17. Lane sain. Only 32 per tent of those home !t appears. | remendous' improvements , ous that the manufacturers of] want ‘it. And only 27 per cent |building products have kept {where in technological advanceAlong with this growing trend Federal Reserve System in com-iment and inventive genius. ings and loan associations only 27 per cent have it. . products has been of a nature ss = = A special committee of the intended to reduce the cost of home buyers—both in the North Proposal. ever, the resultant savings have and South. And of these, 95 per| It is now obvious to practically |been largely obscured by two plant, rather than individual dustry. It would have a stabiliz-| “One force is the great and reroom window units: - |ing effect under all kinds of eco-|grettable wave of inflation which,
tune time, for not since the war Objective. Complaints came from know pretty well what they want actively campaigning against rent home is on its way to limbo. a one-story home. signed writer, charged I was urg-| in the projects. cent Colonials and 45 per cent in writing about the national rent Demands for Cape Cods and landlord and tenant because it| y ua his letter, the City Council can| ST. LOUIS—One of the great big demand is for window walls very probable that it will happen Products which have come onto picture window, but 84 percent|/Council would only have to hold |52id in an address at the Couna little more is the yard—it is pe-|1aw, the President would then lift tion of materials controls, the list lowners polled had a patio or Central Mortgage Bank ‘have come in every type of ma-| had a living room faced to the of establishing a central mortgage| toward outdoor living, 48 per cent|Mercial banking and to the Fed-| upp jo moot significant that | SUMMER COOLING is a must| Mortgage Bankers Association constructing homes and other cent want it operating through 2ll mortgage lenders that such a/wholly unavoidable forces,” he Forced air heat is almost unani-| 2omic conditions. striking construction the same as
WEST SIDE—LF! builders
COMA
garage.
BREEZEWAY—This model sells for $16,000 with full basement, three bedrooms and attached
With separate projects o
being built for sale, realtor
this week. « 1 Mr. Brodbeck is the. exclusive sales agent for the LFI homes now being built by the Del-O realty Co. in Farley's Speedway Homeplace third section and by) the M&D Builders Corp. in the Shadeland Manor Addition, The homes come in two and three-bedroom models, with or without basements and garages, | In the Speedway project, houses at 1113 and 1119 N. Plainview| Drive ‘will be displayed to the public from 2 to 7 p. m. today. The sales office is at 6450 W. 10th St. Bounded by 11th and 13th Sts. and Farley Drive and Bauman St., the addition will include 100! new homes. Lots average between 75 and 80 foot frontage and! about 150 feet in depth. The addition is restricted to homes of either brick -or stone contsruction. All will have autoS matic oil heat, Mr. Brodbeck said. * The East Side project of LFI; : homes, Shadeland Manor, is located two blocks east of Shadeland Ave. in 1600 and 1700 blocks of N. Coolidge Ave. About 80 homes will be built in this subdivision. | A house at 1739 Coolidge Ave. will be open to the public in this project. {
Prices Start at $12,500
Prices for the homes range from the $12,500 two-bedroom model to the three-bedroom home complete with full basement and garage at $16,000. | Most of the homes to be built | will sell for about $14,000, Mr.
ww
All feature the family type | kitchens with plenty of room for eating space. Kitchens include
will
double sinks with Mengal factorybuilt cabinets and Formicatopped work tables. If the sale is completed soon enough, the buyer may select his own interior color cheme—even to the pastel colored bath fixtures.
Six Closets
The homes feature six roomy closets, picture windows, brick veneer construction, seeded yards, shrubbery and a gravel side drive. Built of precut framing lumber, the homes go up very quickly because everything is cut to exact size, “It reduces labor costs on the
have home buyers’ tastes been Oth sides of the argument. jcontrol, felt I was attempting to {controls here, |ing an end of controls. Post W ranchos, today’s buyers really go control battle was to show what | Os ar Colonial-styled homes havelis eventually going to happen| PICTURE WINDOWS, but not/revoke rent controls BEFORE Overlooked phenomena of our faced to the REAR overlooking| before controls expire by con- the market since the end of World want one. {a public meeting, after 10 days|C!!'S annual meeting this week. | coming an important factor in|controls. |would have been even greater,” screened off yard—but 77 per cent [terial and equipment. It is obvi-| It’s popped up again—the idea! rear, but 48 per cent desire it. |banking system, similar to vhe) roast of any other industry anywant a rear or side porch, but|®ral Home Loan Bank for sav-|,..h of the improvement in our for 45 per cent of the would-be will make a serious study of the buildings. Unfortunately, howtheir central forced air heating Central bank is needed by the in-|said. : mous.. too. Of even more significance is the
It is interesting to note that]
possibility ‘that the tremendous
other major industries, has pushed production costs so far above pre-
buyer’s pocket, Mr. Brodbeck said.
ast-West Side Housing Projects Open oT Realtor Says Plans Call for 180 Homes
n the East and West Sides,
180 brick veneer Lumber Fabricators Institute homes are
Edgar Brodbeck announced
K L Schellie Will Address Planning Body
Problems caused by the speededup growth of cities since World War II will be discussed by federal, state and city experts this
a A
week at the National Planning
Conference being held at the Sheraton Plaza Hotel in Boston, Kenneth 1. Schellie, Indianapolis consultant, will speak on “By-pass Routgs.” Sponsored by the American Society of Planning Officials, the conference will be attended by 1000 of the nation’s public. officials and civic leaders interested in. bettering their communities. The conference will hear addresses by Gov. Dennis J. Roberts of Rhode Island and Mayor Frank Zeidler of Milwaukee. Walter Gropius, former chairman of Harvard's department of architecture, will make the keynote address. New Town Problems New suburban shopping center developments will be discussed by Huston Rawls, president of Suburban Centers Trust, designers of the new Shoppers’ World in Framingham, Mass, and IL. B. Sizer, vice president of Marshall Field & Co., now building a new
Brodbeck said. {shopping center in Skokie, TII.
The problems of the new towns developing around new major industrial installations in the U, 8. will be examined by a panel of experts. Relocation and rehousing of people to make way for slum clearance and public improvements will be discussed by Nathaniel Keith,,director of the division of slum clearance and urban redevelopment of the Housing and Home Finance Agency, and other experts. Conservation of so-called “middle-aged” areas in our cities will also be examined. Other meetings will center on’ subdivision control, parking, zoning, ‘public health and methods and techniques of publicizing, planning objectives and accom-
job and reflects the saving in the|plishments,
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fONDAY
burden now borne by the federal{Wwar levels. government in the mortgage field could be largely eliminated. They've had to pour millions into stand-by agencies in the mortgage field, such as the RFC and the Federal National Mortgage Association. Such a system would also help to distribute the nation’s investment money more evenly across the 48 states.
just ‘as many want summer cool-| ing equipment for their home as want \more than one bathroom. This should surprise a lot of people. And another 43 per cent said they would prefer a cooling unit to a basement and 38 per cent prefer it to an attached two car garage,
Demand Convenience
“The other force, a welcome one in this case, is the insistence of] home-buying and building-owning| public on getting more quality and! utility and convenience in their| buildings.
“Everyone now wants to build into their buildings at the start! many features which formerly] were installed as separate opera-!
WINDCOMBE—The public | built by M. Carlton Smith at 78 by the Walt Veon Realty Co.
» ” ”
THREE BEDROOMS are in Price $45,000.
jacent multi-purpose room, Dutch Colonial fireplace, full basement with fireplace and social room.
About 20 differently designed homes will be offered in each ad-|
home: Dr. C. J. York Homes in the East Side project) Joins Staff of
will have automatic gas heating]
plants while the Speedway project! Pitman-Moore Co.
houses will feature autoniatic oil; heat.
IREB to Feast | On Ham 'n’ Egg
Appointment of Dr. C, J. York to the Pitman-Moore Co. research staff was announced this week {by K. F. Valentine, president. | Dr. York re- § ceived his A.B.
is invited to inspect this attractive Williamsburg Colonial home 43 Windcombe Blvd. It will be held open today from 2 to 5 p. m. The home includes three bedroms, two tile baths, kitchen with ad-
tremendous demand, the survey indicates, In 1949, 38 per cent of the homes built were three-bed-room models and in 1950 totaled 41 per cent. ~~ But 857 per cent of the buyers demand three-bedroom houses today, » They also want a bigger utility room that may be us as a laundry. Forty-seven cent of those polled had a ground floor utility reom, but more than 60 per cent said they wanted one. Fifty per cent said they preferred
it to a basement, ~ ” ”
tions or else were not commonly, available at that time,” Mr. Lame said. | “You cant panel basement rooms, insulate every inth of wall and ceiling, weatherstrip every door and window, regulate every heating plant thermostatically,
Named by NAREB Predict 4 Mil
By United Press
a building. “The average new building of today, square foot for square foot, Is a far better equipped produvet than was the new structure built 10 and 15 years ago. Had it not
be built in the United States
within the next 5 years, an offi-| cial of Investors Diversified Serv-
The bulk of demand for new
: ithi 5 Yi b D.V.M. degree » 'n’ Egg Breakfast of the Indian-/'"-™ Homes Wi in ears Series Opens apolis Real Estate Board, chair- {Tom Ohio State [which become obsolete each year |
and double-glaze every.window! MINNEAPOLIS, Sept. 27—At/and the 100,000 desfroyed by fire Earl | without adding to the first cost of least 4.2 million new homes will|or other hazards “will also be an
{ment of demand for retirement|g ices, Inc., predicted today. ‘housing may present both finance
- | ) h Thursday Morn = [University of
Thursday morning is the date/C&l!ifornia in
t for the fourth annual Ham 1943 and his
lion New Educational
JUniversity in man Robert Butterworth, 11048. While at minded this week, Ohi Stat h The breakfast. will be held at °° le ae
{ |glso worked as § i: will speak on two important/? 2 m. at the Columbia Club. . 2 important factor in the over-all P | Donald F. Moore of Chicago, past a bacteriologist
Zew: home construction outlook.” realty lopics tomorTow night as president of the National Institute|!™ the medical Dr. York He aslo predicted that develop-ithe Real Estate Board opens i's or Real Estate Brokers, will TeSearch depart : eason’s educational program at|speak. iment, gtudying the role of viruses
i in neo-plastic (cancer) diseases. the Riddick Auditorium, 1440 N.| A panel composed of local real- , his (tors and moderated by Earl B.| In 1950, he was awarded
re
B. Teckemeyer, realtor!
and the building industry with!
been for the great emphasis which the manufacturing industry has placed on cost reduction, building costs .would be substantially {higher than they are because of {the added quality which the public {demands,” he concluded.
Lannan Realty Has Home Open At Speedway
OPEN PLANNING is another must for today’s home builders, In 1941 only 11 per cent of the! homes built had a living-dining| room combination, but 46 per cent of today's buyers want it.| While 88 per cent of the new homes today have combination] kitchens and eating space, 91] per cent ask for it. | Storage space is another big! item for builders to wrestle with. Of all the new home owners sur-| veyed, 36 per cent were dissatisfied with their storage space. This is particularly interesting because! NAREB COMMITTEE—L. H. of these dissatisfied home own-| Lewis, chairman of the Indiangee 3 per cent of Sheis homes|, apolis Real Estate Board s Downve OF more ¢ 0se(s, | town Committee, has been ap- lin the Farley-Graesch Speedway The expandable house got aj pointed to the realtors national [Courts addition.
vote of confidence, tpo. More| vay Ll: | than 67 per cent said they wanted| association's new Rebuilding | A typical home will be held { {open today from 1 to 6 p. m. at
their new home to be designed, America Committee. {5125 Ford St., Speedway, he said.
so that an extra room might be added at minimum cost and with- The three-bedroom brick homes out hurting the home's appear-| (. R. Durham, realtor, will dis- Offer about 970 square feet of livance. juss “Factors Altering the Valu I ares and eel for $14000. An {ation of Shopping Centers” to-| . More Rent Control morrow at the monthly meeting OPtional. Last week in this column, in'of the Society of Residential Ap-| Other features include alumidiscussnig the nationwide battle praisers. Mr. Durham's address hum windows, perimeter heating, over rent controls, some readers will follow a dinner at the tile bath, Modernfold doors and apparently felt my words were not Martinique Restaurant at 6 p. m. side drive.
L. H. Lewis
Appraisers Hear Durham
%
RIN "
DEVON WOODS—A paneled den is featured in this two-bedroom luxury home, built at 3929 Morrison Place by Atlas Builders, Inc. It was sold recently by Jack Ladin, partner in the Norman E. Miller Realty Co, New owner is James Airhart, i :
\ »
Al Lannan, realtor, announced |
this week that he had taken OVer «gyhstantially” higher percentage
exclusive brokerage of 12 homes|of married couples will become
homes will come from an esti-
mated 850,000 new families which magnitude.
will be ‘formed during each of] the next 5 years, said Donald E.
Ryan, vice president. of IDS'S|relaxed credit regulations, should
mortgage department.
“The building of 4 million new homes during the past 3 years has made a substantial dent in the record postwar demand for new housing,” he noted, “but sev{eral factors will continue to operate to keep demand at fairly high and stable levels for the next 5 years.” Although the number of marages might decline, he added, a
{home owners than did 8 to 12 years earlier, becaused of in{creased ability to buy homes. I He also noted that shifts in the nation's population through migrations to the West, South and Southwest will create increasing demand for new homes In these areas.
| - The current ratio of 58 per cent home owners to 42 per cent renters among the nation’s 46 million t households probably will continue {among present families and newly forming families during the next five vears.
“And if national Income remains at present high levels,” he said, (“the percenjage of home owners should increase each year.”
|
there are only about a million vacant year-round homes available for sale or rent “will tend to keep the new home building and buying market active.” In addition, he pointed out,
‘|replacement of the 100,000 homes
Snake Damage
" A snake in the grass who. appeared right after an electrical windstorm in Ohio did more damage than the storm, Electrical World, publication, reports. The .snake, an ordinary black one, crawled through a substation fence in quest of a robin’s nest and electrocuted himself on a | power line. About 2000 customers
| were without power for an hour.
Mr. Ryan said the fact that |
opportunities of as yet unrealized | Meridian St. PPO y These meetings will be held| Teckemeyer will discuss several : {special realty topics.
All these factors, combined | every Monday through Nov. 24, Reservations should be made With a continuation of somewhat with the exception of Nov. 3,/immediately, Mr, Butterworth ad- ' |B. W, (vised. This event replaces the {result in at least an average 840,- W. Duck Jr, chairman of the v P
000 new homes a year, he de- realtors Education Committee, |USUA1 Thursday luncheon meeting ‘clared , 7 |said. of the board.
ing Your Business.” {brick houses will be displayed toMr. Duck will preside. day in Speedway by Realtor Al held open for inspection from 1 to 6 p. m. ‘ | The annual essay contest of the Estate Board's Secretary's SemIndianapolis Real Estate Board, nar will be held at 7:30 a, m.
All sessions start at 6:15 p. m.! EC tt and are over hy 8. Al Lannan will Topics for Mr. Teckemeyer are, IREB Sponsors | “Establishing a Real Estate Of-| Show Speedway Homes {fice,” and, “Promoting and Sell-} A dozen modern three-bedroom » " | Bill of Rights = Lannan. ot A typical home in the addition, | Realtors Will Hold located at 5125 Ford St. will be Essay Contest Moning Meeting : The first meeting of the Real: The attractive ranchos sell for $14,000 and offer about 970 square feet of living area. An held in conjunction with the Na- Wednesday in the Columbia Club, 2utomatic washer and dryer are tional Association of Real Estate Wayne Whiffing announced this optional.
Boards, was opened officially this... Other features intiude brick week by board president James : veneer construction, aluminum W. Hurt. ! Sessions will be held every Windows, perimeter heating, a tile
bath with colored fixtures, Modernfold closet doors, picture window and concrete side drive. Sy Hust, board presl-| The addition offers all city utilX : an aul Starrett, realtor, ities, sewers, and is close to pubWhat the Bill of Rights Means will speak. Their topic is “What lic schools. It is also near the
to Me.” The deadline is Oct. 26. |1 Expect From a Good Secretary.” West Side industrial area. Entries must not be more than — —e : : -
500 words is length and should be| = sent to the Essay Contest Committee, Indianapolis Real Estate Board, 704 Inland Bldg. Indian-| apolis 4. {
The nationwide contest is open Wednesday morning through to pupils of all Indianapolis and Nov. 5. Marion County high schools. The, James W.
topic for the essay again will be dent,
Trip to Washington
NAREB will award the national winner an all-expense paid five-day trip to Washington in January. Winners of second and {third plaecs receive $50 and $25 savings bonds. | | Local awards are: First prize { $50, second $30 and third $20.| These will be awarded at the an-| | nual meeting of the board Dec. 11, { The winner will read his essay to !the realtors. | Local judges include representatives from the Indianapolis School Board, both daily’ newspaper publishing firms, thescAmerican Legion and the Veterans of Foreign Wars. To enter, send. a card to the \Real Estate Board and include Frosch, was sold for the builder recently by A. E. Kewitt of
|name, address and phone number.| now owned by Gardner Udell and wife,
Ph.D. degree in virology by Cornell University where he held a fellowship with the American Veterinary Medical Association {for a year. He also was a research associate and recently established the Veterinary Virus Research In« |stitute at Cornell. | Dr. York's work at Cornell involved isolating and characterizing the causitive agents of virus diseases in domestic animals. In the process of working on his doetor's degree, he discovered a new virus disease in calves. He also discovered a new test for Leptospirosis in cattle and has developed a new vaccine for the disease. | He is the author of a number (of important scientific papers published in such journals as the Journal of Experimental Medicine, Biochemic Review, the American Journal of Veterinary Research,
Well Distributed
Revised figures show there is an average of four savings and loan offices, including branches, for every 100,000 population “in the United States, according to the National Savings and Loan
een
3
ST. ANDREW PARISH—This two-bedroom brick ranch home at 2917 Rex Drive, built by Fred the Ed Martin Realty Co. The home is-
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