Evening Star Newspaper, May 2, 1925, Page 18

".18 REAL ESTATE. AGTIVITY IN REALTY Nation’s Figures for March Show Gain in Number of Transfers Recorded. { The quantitative index in the real mar established by the Nu of Est & decline for M the peak reach the official recc from which the index is dicated an activity been shown for past 9 years, except January and February « The activity of the ket nationally, however W estate when iSUUNDNESS OF REALTY DISCUSSED BY BABSON venteenth Page.) | | STULONINGREASE | vestment that has more than t toward stabil | sntinued from S studying local sl your e chance for appreciation. The real estate 1 i investment opportunity y selecting on such | cate that the r 1| total volu building industry, smooth out and spread seasonal activity The records is pointed out sonal pe its indicate that ks decli e over the y is bearing out ctivity situation suld be able to pick property for in- srigage also offers property a high degree of good return. bond d it may is tend of building activity ¢ is holding ew index of real estate ac the probabilit real estate market is closely | correlated with the degree of building THE EVENING STAR, WASHINGTON, D. €, SATURDAY, M few years, and offers a convenient form” of real estate investment for those who have limited funds or who nave neither the time nor capital nec- essary to engage in_extensive opera- tions_themselves. These bonds pay specified rates of Interest and are se- cured by a mortgage on definite prop- erty. Most of them are sound, but all should be investigated carefully before they are purchased. you the aver- Average Man’s First Venture. The average man's first real estate venture is probably the purchase of a home. The advantages of home own ing are man; and the economic side of the transaction is probably less im- portant than several other considera- tions, such as convenience, comfort and peace of mind. Judged entirely from the cold-blooded inv 'stment an gle, however, the owning of a home !‘flill has its advantages. Care ul stud- ies of the situation in several cities lead me to believe that owning is as cheap as renting—although no cheaper 50 far as actual upkeep and mainte. nance is concerned. The average landlord, for instance, figures his rental to return from 10 10 12 per cent on his investment. This gives him 6 per cent on the money invested and leaves him from 4 to 6 per cent to cover taxes, insurance, re that ap- and buy- as ha 1 indi- like g to peak of it the sea but the pairs, depreciation and cancles. At 10 per cent on his orig- inal investment he makes no money, at 12 per cent he may make a little, but the renting of houses is not as profitable as many people suppose. 1f the prospective home owner cares to compare renting and owning, so far as upkeep and operation is concerned, he can easily do so by figuring from 10 to 12 per cent on the purchase price of his new home, which will give him the approximate cost of maintenance. Income Owner Should Get. A home costing $10,000 will cost be- tween $90 and $100 a month to live in, because the owner should pay himself interest on the money he has invested, just as the landlord must. The in: vestment should yield a good return because the same money in bonds or other forms of investment would bring its regular return. There is little choice between rent- ing and owning, 5o far as operating e concerned, except that the takes more interest in the property and probably does many things self that he would insist that the landlord do if he were rent- ing. So far as investment values go the two should be considered as even. The advantage in owning is the gain made, not in monthly costs, but in the AY 2, 1925. probable appreciation in the property If. ua‘: man may live in a $10,000 home for five years at what it would have cost him to rent, but at the end of that period if he sells for $15,000 the advantage of the investment is ap- parent. The gain comes in the appre- clation, as we have noted it averages 94 per cent, and the extent of the in depends upon the owner's skill in selecting the right kind of a home for an investment. Buying Rule Puzzling. It is very difficult to lay down blan- ket rules for buying real estate, be- cause localities differ and each case must be judged on its own merits, but to the average man I would advise judging his prospective purchase on e points. |h;f’ \(‘ he should try to ascertain the direction of the growth of his city and be sure that he is choosing property in line with it. Then he should analyze the zoning laws or probable zoning laws and see how they will affect the value of the property he has in mind Finally, he should remember that the marketability of his property will depend upon the relative popularity of the kind of house he is buying or building. The house should be in keeping with others in its neighbor. hood, and as a sale value will be judged on the number of rooms and the size of the land on which it is located. Should Make Costs Count. Many people build homes to their own particular fancy and spend much money on little things that please them, but that add to the cost of the house without increasing its appraisal value materially. ‘These costs may be justified so far as the home itself is concerned, but from an investment angle unique fea- tures should be avoided. Perhaps the new buyer will not like them, and in any event it 1s improbable that he will be willing to pay an extra premium for them. Buy or build the sort of house that most people will want if vou wish to insure a ready m k it when you are to sell and realize your investment. It is necessary, of course, that the price you pay be in REAL ESTATE. keeping with other real estate values in_the vicinity So far as fundamental conditions are concerned, general business as re- flected by the Babsonchart is now at 4 per cent above normal and the foundation is sound. There is nothing in the business outlook to argue against the purchase of well selected real estate as an investment. = et Cheap in German-Austria. nce of the Associated Press. Switzerland, April 12.— Austria is now the cheapest Europe in which to liv vs the Berner Bund. This is due, it is said, because the place is less able to make gold payments than any other part of Europe. place in Edible frogs and snails are taken to | London from France by air every day The Ambassador 1720 16th St. Apartments in high-grade building on fashionable 16th St. 24-hour elevator and telephone rvice Apartments contain 3 rooms, bath and porch. Convenient to two car lines. bus line and Representative on premises. H. L. Rust C_ompany | i 91215th St. N.W. Main 6888 %@;@@@@@@ 96666656555 Two Charming Homes the index, is § points over that shown | in March’ of 1. k Open All Day Sunday “E” Street 3011 and 3015 Albemarle Street N.W. Near Hth: 2 buildings, 3 in the cent hi excellent brick 10 toilets; vertod the b stories; > rooms and bath, renting for 50.00 per mo. each. Lot 40 ft. hot-air heat; fers and convey except over wide. ceding m March, 1 eight onir total in this 16,000 Thomas J. Fisher & Co.. Inc. 738 15th St. Main 06830 non-u showi dic LT R T TR We invite your i on one of the ounded by houses of 4 Located cipal new appr ction and indivi aches to Rock Creek ality These homes have been czrefu On the first 1k and built-i iful bedrooms The lot workmanship. 1 large Tiving room, - large kitche , and the third g room and pa The floor = 2 with enamel s 1400 Block Trinidad Avenue Northeast Forhed i Balance Less Than Rent The high-type material and workmanship used tionally good investment as well as real homes. homes in the Capital of no greater value. DESCRIPTICON Pleasing and convenient design. rooms und bath, Breakfast porch wereened. Pronounced spuciousness first floor. M width house. Sleeping porch. generous size. sereened. Atractive high-grada wall glectrieal ixtures. " Well supplied with electiical floor plugs. Excelieut heating pl n cellar. SAMPLE HOUSE—1407 TRINIDAD AVENUE OPEN EVERY DAY FOR INSPECTION By Auto—Drive out Florida Avenue to 13th, t TO INSPECT two tiled batl i a complete Don't fail to inspect them; fa inquire of our repr Small Cash Payment and More Than Reasonable Terms Moore ®@ Hill, Inc., 730 17th St. N.W. Main 1174, TG in these beautiful houses make them an excep- They are priced several hundred dollars under other English-type architecture. First-class _construction . T— 5% ) N.E. This Beautiful Semi-Detached House —contains eight baths and garage. irn to left If You Believe in the United States—You Believe in Washington! Unusual Homes in Very Best Localities Strikingly attractive houses priced for buyer. " THESE 'Hbgms OPEN SUND evy Chase, D. C. 3911 Jocelyn St.—21/, Blocks West of One of the finest homes in Chevy Chase —a coruer, de center-hall house of nine rooms. two baths, on lof Sunday and every afternoon until sold Chevy Chase, D. C. 5310 Reno Rd.—Just North of Jocelyn St. Most attractive detached two-story house of seven tiled Duth first-floor lavatory. Unu ¥ complete in appointme age to Sunday and every afternoon until =old Chevy Chase, D. C. 3716 Livingston St.—2!, Blocks West of Conn. Ave. New detached pebble-dash house of seven rooms and bath (four bedroo appointed, on large lot, with garage to match house. Open Sunday. Cleveland Park 2952 Macomb St.—Just West of Conn. Ave. Smart, well constructed and splendidly planned stone detached ho three baths, on beautiful lot, with brook, wonderful trees, etc., Open Sunday and every afternoon until sold Cleveland Park Southwest Corner 38th and Macomb Sts. Lovely detached corner home of sixteen Colonial exterior. center hall, large conservatory and in good condition. Lot about garage, with apartment for servants Government oftic leaving W i, who is 1 for inspection; week days by : 1366 Taylor St.—Just West of 14th St. Well built brick house, over 22 ft. wide, containing four bedrooms and sl hot-water heat, electricity. all modern features. Fine condition. On very deep Priced for quick sale. Open Sunday. Trinidad to perty By Street Car—Take H St. car, to houses. WM. H. SAUNDERS, Inc. 1433 K Street N.W. Realtors Main 1016-1017 get off at 13th St., walk north up Trin large rooms, three quick sale, that will appeal to the smart Kleen-Heat oil burner and electric refrigeration. T e AY 1l Wonderful rose garden and hedges. Please inspect this home on Sunday, 1to7P. M. L& Breuninger &Soxs BUILDERS and REALTORS Colorado Building ~—— Sain 6140 Conn. Ave. ed, nd-frame. color deep. Garage. Open Gee! What a Differenc Builder Makes You Get Out of Your Home Exactly What the Builder Puts Into and sho: ch house Open Exclusive Agents : E g E g E E : 1s), splendidly l:dllllllllllll\llII|IIlllIlIlIJIHINIIIIlIYIHll1}II|1|ll||[lllIHIIIIIIlIlIIIIlllll‘!I|lIl|IIIlIIIIIIIlIII(IIIIIIIIIIlH|l|IIllllllll"lllllllllill: plle—Sal8l—mlalc——|al]——[0| EVERY ONE IS LOOKING FOR THE MOST VALUE IN THEIR HOME—BEFORE PURCHASING BE SURE AND INSPECT THESE 4700 to 4728 5th St. N.W. se of ten ri overlooking t rooms, nine bedroon sleeping porch 100x150 VTR - P § N g LIS g Ontario Place Near 18th St. Only $11,500. Very well built aps excel lently planned six-room and bat% brick hot-water heat. electricity, porches, hard wood floors. Two-car garage. Fine condi tion. Army officer, leaving city, must sell at t once. This house is close to 18th and Co- electricity. Wide lot to alley, with reom for lumbia road; near two car lines, shops, thea zurage. " Perfect condition. Part of prop ters, ete. See it at o erty, now rented to higl tenants Tracey Place—West of 23rd St shows remarkable income. Inspection b 3. appointment 0. In Washington's most fashion able residential section—Kalorama! Nine Chevy Chase, D. C.—$12,000 rooms, three baths. Brick. Modern through & = 5 y out and in cen f fine hnn‘m.\ Priced for “1\"‘K:"’I’::‘l‘\ll(lyl'y:w:y‘xl:;i[ \;:\L{ i m,,,‘.";‘,‘,'\”'{ ouse immediate sale. Inspection by appointment streets. Open fireplace. Modern thr only. out. On good lot to alle; Just Off 14th—Near Randolph St. & =5 $12,750. Price reduced for quick sale. Cleveland Park—$10,000 Eight rooms and bath, semi-detached brick Splendia detached hous two stories. Ho r heat, electricity: on lot 50x100. Modern tare and front, rear and sleeping porches; hardwood priced at rock-bottom figure. ~Glassed-in floors, screens, awnings. Redecorated sleeping porch; hardwood floors: paved street and al Open fireplace. throughout; all modern. See it at once. Chevy Chase, D. C.—$13,250 Close to 16th and Webster—S$15,750 In that delightful, smart section west of Extremely attractive detached frame, just off Connecticut Ave. Modern throughout JIn t ; with sléeping poroh; large lot, gatage, beau 16th 8t. This house is a wide tapestry brick containing eight rooms and two baths, with five bedrooms, inclosed sleeping and break- tiful surroundings. Near 7th and Kennedy—$6,000 fast porches, bullt-in garage, large front Excellent frame house of six rooms and porch, bullt-in refrigerator, pantry, laundry, bath. Porches. On lot 25x115. $500 cash servant’s toflet, and in fine condition. Very reasonable terms. and moderate monthly terms. 1222 Mass. Ave.—Priced for Immediate Sale Very desirable, high-cluss residence south side of street, containing 16 rooms and hs (10 bedrooms), hot-water heat B i Norton Street at 35th (Wisconsin Ave. between Newark and Norton) Display House, 3413 Wisconsin Ave. On a high elevation. With inspiring surroundings, location, with domestic conveniences. in a protected Rubble stone terrace walls Ornamental iron porch railing Shrubbery Attractive living room Real open fireplace Beamed ceiling in dining French plate mirrors Double floor plugs Linen closets - Inclosed plastered sleeping porch (heated) Paneled walls Hardwood floors throughout Floored attic Built-in ironing board Kitchen cabinet, gas range Outside pantry Fireproof built-in garage, heated and lighted Crane automatic hot-water beater Paved alley in fine locality, room Glass-inclosed solarium Many Unusual Features THIRTEEN SOLD Exceptional Price and Terms Sample House—4712 5th St. N.W. Open Every Day Until 8 P.M. TO INSPECT—Drive out Georzia Ave. to Crittenden St., Thenee East Three Squares to Property Wenger Brothers’ homes are known for their fine quality of construction and finish ; noted for their originality and charm of interior style. These homes are the fulfillment of your cherished home ideals. Open Daily and Sunday from 9 A.M. to 9 P.M. — We have selected the above homes principally because __ | the owners have priced them for quick sale ALLAN E. WALKER & CO., Inc. Members of Washington Real Estate Board [ ShapiroKatz Realty Co. = BUILDERS Main 9111 1416 K Street Members of Operative Builders Association of D. C. 813 15th St. N.W. Main 2630 s | l——=|alce——=la]———Ju|——]| fl fl | fl fl