Evening Star Newspaper, February 14, 1931, Page 17

REAL ESTATE. THE EVENING STAR. WASHINGTON, 0. O, SATURDAY, FEBRUARY 14, 1931. REAL ESTATE. APARTMENT RENTS ANDRECEPISCAN, Study Made by Lusk Shows Construction Status Aids Tenant and Owner. Both the tenant and the owner of Washington apartment houses, taken URGES DECORATIVE CARE Expert Says Coherent Plan Result of Right Details in Room. If decorators will ird their work part of the architectural scheme of a house and attempt to carry out the spirit of the architecture, a coherent plan will result, in the opinion of James H. Blauvelt, regarded as an expert on home decoration. Having studied the architectural de- sign and established a budget for the interior decorations, Mr. Blauvelt finds, generally, that the decorator should consider different items in this order: Background of the walls, the disposi- tion of the lighting, floor coverings, curtains, upholstery fabrics, furniture and the accessories, such as mirrors, on an average, have been benefited by the general fundamental-conditions in the local construction industry, ac-| cording to a study just completed by Rufus 8. Lusk, head of & business sta-| tistics firm and secretary of the Op- erative Builders' Association. | He found in a current survey that the average rental of apartments herc | has fallen during the past year, to the benefit of apartment tenants, and that at the same time the receipts to apart- ment landlords on an average have in- creased, to the benefit of investors in | apartment properties here. \ This apparent but not actual para-| dox, Mr. Lusk explains, arises from the | fact that, while rents have been re. duced, the percentage of vacancies in| apartments, on an average over the city, also has fallen and therefore the| average building is producing for the| owners more in gross rentals than was the case a year ago. Ninety Buildings- Studied. " Mr. Lusk said, e when Nation-wide and even world-wide economic depres- | sion is causing concern in virtually all | lines of business, demonstrates to many | observers the fundamental stability of | investments in Washington real estate that is wisely purchased, properly fi- nanced and efficiently conducted.” 1 The survey included a study of the rentals of 90 bulldings in various sec- tions throughout the city, selected at| random, including those of 2 stories | and those of 12 stories. These figures were compared with the rentals of the | same buildings as of the same date of last_year. There were 2,736 apartment units in- | cluded in the 90 buildings surveyed. ‘This amounts to about 7 per cent cf | all the apartments in the District. While this is a comparatively small percentage of all the apartments of the city, the survey included study of such a wide range of apartments, in type, | #ize and location, as to indigate rather | accurately the general prevailing con- ditions, according to Mr. Lusk. Drop Is 4.4 Per Cent. On this basis, it was found that the average rent for the 90 identical build- | ings was 4.4 per cent lower at the end | of last vear than was the case at the end of the year 1929, ‘The part of the story of interest to the landlord is that comprehensive sur- veys showed the vacancies in apart- ments at the end of last year to amount to 7.1 per cent, as contrasted to 9.9 | per_cent at the end of the year 1929 | Thus, the survey shows, while the | average tenant in the 90 buildings now is paying less rent, there are fewer vacant apartments in these buildings, hence more, tenants and thus more gross rental for the landlord. Wood Finish Under Pressure. A much more durable finish is given to wood by applying the varnish or preservative under pressure instead of in' the usual manner with a brush. A special plant is required for the purpose, and the operation is done at the point re the wood is cut and dressed. Making shoe patterns is being taught by correspondence in France. screens and pictures. ‘These latter items, he finds, often are the greatest test of the decorator’s skill in color balance, and successful handling helps to achieve that illusive thing in rooms called “charm.” BUILDING AND LOAN FUTURE S TOPIC How Homes Will Be Paid For 15 Years Hence to Be Dis- cussed .at Chicago. How the rising generation will pay for its homes 15 years hence will be a | major subject of discussion when the | American Savings, Building and Loan Institute holds its annual educational e in Chicago February 20 and . The future of building and loan will be discussed by two of the proi inent speakers before the three hun- dred building and loan men expected to gather for this meeting. James A. Devine, Columbus, Ohio, secretary of the Ohio Building Associa- tion League, will take as his subject the “Future of Building #nhd Loan.” Carl H. Weber, chief building and loan examiner of Illinois, will talk on “Build- ing and Loan Tomorrow. The program schedules these talks along with expert opinions on apprais- ing, accounting, business development and other angles of building and loan procedure. The personnel of the con- ference will include building and loan’s younger executives and employes who go to the institute's night classes for train- ing in their business. It will also in- clude home financiers, already success- ful, who are interested in establishing institute classes in their own localities, or in expanding those already there. Actual instructions, by means of dem- onstration classes, will be given in sev- eral phases’of the industry. Building in Baltimore. BALTIMORE, February 14.— New construction, alterations and additions here last month totaled $1.354.920. The total compares with $1.842,240 for De- cember and $2,596,800 for January, 1930. It is the lowest total for any | month _in u!e—n_l_zfl i NEW HOME 7 Rooms—4 Bed Rooms confere! 9 $750 Cash—$65 Monthly Open All Day Sunday Waple & James, Inc. 1226 14th St N.W. North 0962 OVER 2,000 SATISFIED HOME OWNERS IS PROOF That YOU can “BUY WITH CONFIDENCE” DUNIGAN-BUILT HOMES WHY BECAUSE, D J. Dunigan, Inc. homes that satisfy. 7 for over 20 years, , has been building Each year keeping abreast of the times by adding those con- veniences and ‘‘up-to-the-minute” inven- tions that make for li tric relrigeration, equipment, ete. the such as elec- in heating vability latest PUT YOUR SAVINGS IN YOUR HOME NEW EXHIBIT HOME— 5526 Fourth St. N.W. (At Longfellow) Reasonable prices and terms D. J. DUNIGAN, Inc. Tower Building National 1265 Over 1,500 “Cafritz Lifetime Homes” Built and Sold YOU CANT BUY BETTER VALUE IN A NEW HOME At This Low Price *9,450 Houses 20 Feet Wide, Lots 142 Feet Deep And Only $500 Down - With Monthly Payments Less Than Rent 10 Built—7 Sold In appearance, construction, equipment and location these homes are beyond comparison. paved without cost to purchaser. eritically. Around the corner from busses and schools and the nearest new homes to the downtown section. Street to be out today and inspect them Exhibit Home, 422 Farragut St. ‘Open and Lighted Until 9 P.M. Daily To Reach—Drive ouf Ga. Ave. to Farragut St. Left to houses, or take Sherman Circle Bus. “t CAFRITZ Dist. 9080 jpthe 16 Southern States had & total val- | H. P. Huddleson & Co. | JANUARY BUILDING INGREASES IN DIXE $67,000,000 in 16 States Is Highest Mark for Month With One Exception. Construction, engineering and build- | ing contracts awarded last month in uation of more than $67,000,000, ac- cording to figures compiled by the Manufacturers’ Record. This total is the highest for the month of January, with the exception of January, 1929, ‘when $67,132,000 of new contracts were reported, the Record states. “The increase in construction during January is particularly encouraging, since the awards amounting to $63,- 850,000 in December, 1930, were the highest of any December,” the publi- cation states. “Thus, in the past two months, construction and building con- tracts have been let in the South with an agaregate value of more than $130,- o No attempt was made to estimate the | cost of numerous projects for which no | figures were available, and residential and other structures, building repairs or additions costing under $10,000 were included in the tabulations, the Record points out.. In Line With Speed-Up Plan. “January activity was featured by the award of contracts totaling $32,820,000 | for road, paving and bridge projects,” | the report continues. “This is in line with the plan of the States and the Federal Government to speed up such public work to relieve the unemployment situation, and is made possible by the appropriation of increased Federal aid and the voting and sale of bond issues by several States. “Also, State highway bond issues are to be considered by a number of the legislatures now in session. In Texas plans are being discussed for an issue of $175,000,000 to $225,000,000 to fi- nance a 10-year program and to pro- vide for reimbursing counties for funds expended on State glghwly Toutes. De- cember awards for road, paving and bridge projects amounted to 820, | 000,000. $70,700.000 Work Planned. “Planned and Broposed construction and building operations announced in the first month of 1931 called for an expenditure of more than $70,700,000. ‘This total would be vastly increased if the 1931 budgets announced for various railroads, power companies and utilities last month had been included. For in- stance, the Atchison, Topeka & Santa Fe Railway will this year expend $13,- 800,000 and the Norfolk & Western | more than $10,000,000.” — :0000000000""0'“00000'0000000000"."00"'“’“‘ Best Buy in Petworth Fact is no other home for near this price in this block. 4819 Illinois Ave. 6 extra large rooms. built-in bath and pantry. screens and weather-stripped: hardwood floors, concrete front porch, double back porches; concrete-block garaj At $8,950—You Save $1,500 Splendidly located, overlooking Sherman Circle. near St. Gabriel's Church, public and parochial schools: convenient to Ga. ave. car and with busses passing the oor. Look into this property—you'll find it interesting. House open for inspection. R. M. Hooker Tower Bldg. Met. 2663 5375 Nevada Avenue Chevy Chase, D. C. Unusual market condi- tions permit us to offer this brand-new brick residence at the low price of . #13,950 / House iz 28 feet wide with concrete covered poreh. Ample dimensions. insure large rooms. Strictly mod- ern; two baths, front and rear porches, copper screens, Frigidaire, two-car garage, heavy slate roof— everything the modern home should have. With a_ reputation for huild- ing only fine homes, we heartily recommend this one for your eritical inspection. 000000000000000000000000000000000000000000000000000000 Owners & Builders €000000006000000000000000000000 ORIGINAL 'TUDOR ORIEL WINDOW IS DISCOVERED Remains Brought to Light by Re- pair of Ancient Fulham Palace in London. Repair of the ancient and historic Fulham Palace, London, now proceed- ing under the orders of the ecclesias- tical commissioners, has brought to light the remains of the original oak Tudor orlel window at the second-floor level of the tower over the front entrance. ‘These had been covered with modern brick facing and the dial of the clock fixed in front of it. Below the dial a seventeenth century stone cartouche, which had no connection with_this portion of the building, had been fixed. | The portions of the oak oriel window remaining were sufficient to enable the architects to reconstruct’ the whole in accordance with the original detail, and this has been done. The modern brick parapet of the tower was aken down and reconstruct- ed in such manner as to harmonize with the rest of the building, the clock was restored to ts original position in refiyggl on the east wall of the court- Phillips & Caldwell in New Offices. The firm of Phillips & Caldwell, which has been acting in arrangements for commission market interests in the de- velopment of the Union Market Termi- nalon the large tract at Fifth street and Florida avenue northeast, has moved from its former quarters on B street to offices at Fifth and Morse streets north- Weslep rret, and the stone cartouche was | MARKS HUNTER HOM of French Provincial Lines and Modern Materials. ‘The mew residence of S. Kenwood, Md., is an rangements, ! Greatest Value Ever Offered | Near 14th and Park Road | $6,800 1} 1320 Monroe St. N.W. i Oven All Day Sunday Two-story brick 20 Tfeet wide, containing 6 rooms, 3 H, elec. hardwood floors. In excellent shape. |§| No_garage space. Owner paid 1 $9,500 and spent additional | money in improvements. | Inspect this today. {} Phillips & Canby, Inc. {J| Exetusive Realtors ‘ Investment Bldg. Nat'l 4600 Heights The Garden Spot of Washington Homes for the Diserimin: ing ™ . Exhibit House 4426 Garfield St. N.W, Insulated with Celotex W @G and A. N. Miller 1119 17th 4709 COLORADO AVE. PRICED TO SELL OPEN" SUNDAY Drive out 16th St. to Colorado Ave., West to House 1418 SUCCESSOR TO e o OVERLOOKING ROCK CREEK PARK H.G.Smithy Co. ., Dec. 0610 NOVEL ARRANGEMENT E Kenwood Residence Is Illustration A. W. Du- lany Hunter at 119 Brookside drive, | {llustration of French provincial architectural lines in & house of modern materials and ar- * $ This spacious center entrance hall home of brick and stone construction has a commanding view of Rock Creek Park, its very livable plan and superior construction will surely con- vince you that it is an outstand- ing value. The first floor has large entrance hall, immense living room with stone open fireplace, sun_room, large dining room, breakiast room, kitchen and first floor lavatory. Second floér has 4 large bed rooms, 2 colored tile baths and numerous closets. There is a finished room and bath=on the third floor. Oil heat, electric refrigera- tion and a 2-car built-in heated garage. 5904 simply delightful. open fireplace, paneled walls built-in china closet. First-floor la Second floor 1010 Vermont Ave. Newest kitche; in two-tone brown and old room suitable for formal dinners with its large bay window and side | equipment, including electric refrigeration. three of which connect directly with two large baths four bed rooms, s0 a sewing nook provided, overlooking th with Celotex decorated in white and mahogany. Slate roof, brick garage. Just one block north of Chevy Chase Club and Eaton & Co. I I | 12 Rosemary Street, Chevy Chase, Md. Charming new Colonial-type home situated on a lot 60x150, picturesquely landscaped. | Interior is All trim and paneling ide lighting fixtures, double French doors opes ivory finish. Spacious living room, g onto a covered porch. Dining ting fixture Breakfast room with Library with bookshelv: ir landing. Third floor finished r flashings and dewnspouts, a two-car wi!ni block of school. 000000000000 000000000000000000000000000000000000000000000090.000000000000000000000000 00000000 00000000000000000000000000000000000000000. mOnaoh.henuhhngxmlmmm&l&:; mm;nmmm-n T R T Y terior arrangement, as designe also on floor & sun room, break- . “H. Sonnemann. archifect for the | fast room. Kitchen, pantry, iving porch || 1" preome, uichen and Bath Ermr e S O SLTE POV b : e large Al e e Secon: loor are iree mast Ay R G F X 1o B e vy, e . attic are £l . the ceiling. The dining and | Jiving | quarters,” The basement; is divided into 16th and Columbia Road rooms, large in size, also have a maid’s room and bath, laundry, rec- R 1 ceilings, which add to the distinctive |reation room, storage space and a two- easonable Rentals character of the house. Car garage. = CHEVY CHASE, D. C. 3906 LEGATION STREET 2ND BLOCK WEST OF CONN. AVE. 13,500 1st FLOOR Living room, dining room, service pantry, kitchen, 2nd FLOOR Master bed room with bath, 2 bed rooms and bath. 3rd FLOOR Two finished rooms and facilities for a bath. Garage, Screens, Electric Refrigeration. Open for Inspection 11 AM.—6 P.M. ° Daily A. T. NEWBOLD OWNER-BUILDER 8626 CONN. AVE. Cleveland 1948 If you are primarily interested in having a home that will be a source of pride to you—then see this fine Colonial home tomorrow. COME HERE FIRST and you'will not want to go elsewhere—COME HERE LAST and discover how much difference there is when a home is built in terms of livability and comfort rather than aiming at mere cheap- ness in price. Yet for such a distinctive home in such a fine neighborhood the price is exceptionally moderate. Drive out 16th Street to Kalmia; then two blocks east. HENRY. J. CONNOR Oviner—Bifilder 3221 Conn. Ave. Clev. 4859 - Cho ice Location Chevy Chase, Maryland 3 Lane 6305 Meadow One-half block from Connecticut Ave. One block from Public School ALL-BRICK Construction CONCRETE Porches Four Bed Rooms .2 Baths First Floor Lavatory Maid’s Quarters Oil Burner Screens TWO-CAR Brick Garage out Connecticut Ave. to Rosemary Street (ome turn left, West, into Rose then immediately Novtw, o block Tight, North, ato Meadow Lacy