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HOME SURVEY GIESNO HOPE SIN CUT IN COST Chemical Bank Report Olves Outline of Rise in Build ing Prices. Little hope for further drastic do ,Olin* In the cost of building homes in held out by the Chemical National Bank, of New York, In a recent bul etin devoted to the general subject 'af the "Cost of a Home." Incident tally the bulletin contains an impres sive review of the rise in building prices from March, 1914, to March. 11922. The following is an extract 'ifrom the survey: "During the last two years of the war the volume of residential oon struction was 'Tar below normal. A short lived spell of active building ArENTnONI Speculators and Home Builders We Wave a Number of Attractive etliag Les for sale in Varotes Parts or the City a&M sDbarbe at Reeenable Pries.. THOMAS J. FISHER AND CO., INC. 738 15th Street N. W. Main "ase. -MOJ FOR REAL FV First or Second Tr1 and satisfactorily it Funds now on hand. Consult Our L 713 14th St. Willett Heig 100 BUIL 5 2-10 miles from W Clarendon; price $75 to Bridge Road opposite Church, 3 minutes' wa Wash. 4 Old Dominio Georgetown), 7 or 8 1 Station on Falls Churcl Pennsylvania Ave. N. Washington! SACRIF sales. Ground lies wt 316 feet, many attracti, ridiculously low; terms large as 65 feet front, 50 feet front, 125 feet acre, sidewalks in front young shade trees set ( TWO L.ARGE SIG1 TERMS $25.00 Cash $12.00 Month Ineindes Interest * HOW TO REACH 4 Take 12th and Pa. awe. lI utes' ride. Get off, walk n 3 minutes' walk, or take ec: * ington and Old Dominion get off at Lacey Station, minutes. BY4' Cross Aqueduct bridge, ingstone Heights, turn souti y ou are at property; by , Falls Church road, turn at only short distance from road between Ballston and opp osits Mt. Olivet Churci Lots plainly marked-in any time. LQTS WILL I First come first served. Co for sale; if suited (that is, ting 100 cents' value for e1 lot you like best. For prici will be given you on grou You can inspect lots your want. I took ground as excluiv p rices on lota. Are loweri Virginla. Predict exceptiol satisfied clients. Plats, prices, all informs gr ounds all day sunday, A Gladly give any information yourself. Prices low. Th< division high, dry, cool and close to Washington. Don't take my word for sub-divisions first and then WALTER ,I SpeilIse in Ezclusis 1309 H St. N. W. CARROLAPARTMENTS 1810 CALIFORNIA STi New apartment building under construction for David A. Baer. It will contain twenty-one apartments of two and threel rooms and bath each. Shannon & Luchs will handle the rental of th/ building. occurred during 1919, followed by an for three different types of rbai abrupt decline in 1920. While this dencs, showing in each came the declinechanges in the various elements of declne ffeced fery(-W of on-labor and material costs. struction, its results were brought A home of type A cost In 1914 born mot vvidy totheaveage$5. 529. In 1920 the same house cost home most vividly to the avertgll1 community through the nationwide $12,315, an Increase of 131 per cent housing shortage which inevitably In relation to the 1914 figure. In followed the cessation of building March, 1922. such a house would cost Almost every city in the country 19.502, 71 per cent more than the 114 felt and continues to feel the pres. cost and 26 per eent below the mail. sure of high rents and inadequate mum cost in 1920. housing facilities. It is the problcn Type A-Two.Story Frame House. of residential building, therefore, Ne',n Ra-eise Set$4 Fret. which is of most immediate interest Contents $$.I rble feet-Floor sees to the averag citizen. war tst.(Peak) Mar. '"The detailed figures given here 9 1930. 1922. with present a comparison of the E 8240 00 1420 cost of building a home in 1914 with Foundations and the cost of the same building in 1920, cement 474 1.469 1.167 at the peak of the high price wave. pasoeig j50 67. l4t and in March. 1922. The figures are Carpentry and glass 2,620 6923146 Painting ............20 608 64 ssnPlumbergg oad qsui ckl y8 6: Heating .......... 400 1.029 712 etal *orkr......eplies. 456 301 Tile work .............40 87 64 Mantels D t 1me3 10 Ieseri........6 60 37?1 rr w7 140 Total cost .........16.629 12,95 9,602 Coat per ru. ft...5-0S -19 --0 44 1) 3 -26 ('oat per sq. ft. ... 2.01 4 85 . .609 N E ~ai 234en5fchne .to 23 1 "The cost of a home of type B In ING94wa $4,176 To build such cent above 1914 ('oats. The present lesneoiae qiklost of this home is 7.374 which is ;cent above 1914 pries and 24 ty our organization. percent below the maximum cost. TyPe .-Two-story Colonial House. Prompt replies. Is aoms (Incladis 2 .saile' reees)-Sses 11, very highnelevdtion, reinbuigding sites.4 Pr7ce3 231~23 fee dee; males 5eep (47ar morethn. of them; heg ntedek Mr lumbing a$16.a . 30 $3 0 $:so Heatin................410 1.271 ,045 Tilesork...............11 111174 171 40 Lots Herdwrcey a......n 12i1n Coatper to prpry 1bou 2 1,60r Plrn atd 86th and M4 St6. (Wash Man 34'eat Ier s42f 16,0816 748 Railway, Bfluhmngnt1bran3h), Mantel~ w s .4.1 whi...h by 110 11se walk north to p et 1" throug Cheryal to Liv- 0115803603 at La tone H eie gh m tl an $47y lof Ced on Chainhn W. W Bi 1 Mt.e 19ive Mehdscot o lage, Com wak f0Lacey Station on you B E nrpry located on mainute LiitOniet eightsditywonLrg inutes' walk of Lacey o IBON A kline (28 minutes 12th W.). Best service out [CE PRICES for quick $ 9 11, very high elevation ,2buy0th re building sites. Prices $20000mCked very easy. Sizes: Some Few blocks from car i 231 feet deep; smallest porch, fine wall paper, leep. (47 more than / , fixtures. of them;: hedgre planted, 111 We have built and s Uty wdjoiniogvsub-disi.ionbd 40lty Lotsl Mlocated, Tio WLoo Satseveraters 01-ELEARCAR ne tAe tain2m fortthree ,roferenttybouof reor denceshshaingMinSeah caWesth changea in heuvaroouselementh)o walbornondhmaterropecoyts. th.52u. n 19e0rtedaame huse cos $12,8of anincreseoof13onprmcen inareyatonatoioe 19n4 fgure.rI coropanr26,peloenttedow te main LiTypngA--Two-eiory.FramreHouye. center of1eac lot..Ins2e. E ScavDtioo .eservations.3 tie early, see7what.i69offere reryMdollar you 2ay,6buy the agentstftergputting my own Pnthg H eat.ing. 20 60 66 Plumbangthnnggaround nearby allyl quick. .a.es,.1want5on2y tion t offce. ill b on n c o frk .. ...f... 4t heain pi pril9, 1 A. . unil drk. Marte ......... whe the weth ty illgo eryfas.CSb-t per to. fthink. o you fuur 44 h heathy Lo. wll ocaedTcour owlaehoe of htein5 ios oun 1f2r cot $9,67,ing pe cent bovll91beosco.nhenpcsen costbyof thil homerly THE74 whih i pe cn bloghemaeumcot PhoEecMvna49on . . ..tl..17$30H3 Foudatonsandsem WAROMAN BUYS NEW STRUCTQRE NEAR CITY CLUB Offi ce Building Erected for In ternational Bahk Transfer red for $125,000. One of the larger business real estate transactions of the week was the transfer to Harry Wardman of the property at 138 0 street, northwest, the building being ad jacent to the City Club for a con sideration stated to be $125,000. This property had been pur chased by the Internttional Bank about a year ago and was to have been used by that institutlob. How ever, the decision* by the bank to establish its headquarters in the Southern Building made the 0 street property available for other business and the sale to Harry Wardman was negotiated during the week by James Hobbs. This property comprises a three. story Bedford Stone structure which was erected by Harry Wardman about a year ago. It is understood some interior alterations will be made to make the property suit able for rental purposes. to $10,913, a figure 122 per cent above the earlier cost. The cost of erecting this house in March, 1922. in $8,112, 72 per cent above the 1914 cost and 26 per cent below the peak cost. Type C-Twostory i Houss. (Pte ) Total cost ...1. 1 , 'l.11 3ls Cost per cu. ft . ..... 8 $0 .1 3 0.3 Cost per eq. ft .. 20 4 .4 UP~ Per, ent of change.. 100 33 1t "The rise in prices and wage in creases between 1914 and 1930 more than doubled building costs between those two dates. TIhe subsequent de eline. while not sufficient to restore costs to the old level. has brought about a very material decrease in construction costs, the fall in costs in two years amounting to 25 per cent of costs at the peak. "The prospAtive builder is. of course, interested in knowing whether he may look for further declines for which he should wait. It would be beyond the scope of this article to attempt to forecast the course of building costs in the future. Greneral wholesale price. as measured by the Index number of the United States Bureau of Labor Stu tistles. mpem to be stabilized .t a level about 50 per cent above that of the pre-war period. Building costs are above this level, but inany of the elements which bulk large in building costs such am freight rates and wage rates, are less sup ceptible to downward rovision than are commodity prices in generail. The general housing shortage and the increasing volume of building at preM-nt price levels tre factors which serve to strengthen buildtng material prices. While it is entirely possible, therefore, that bitilding costs may decline still further, it is not probuhle that drastic declines will occur." LY RENT )u a New 4-Room Bunga. .ot 100x171 Feet TIFUL HEIGHTS 75.00 $18.75 Per Month ne, high elevation, large also wired and electric Id 18 bungalows in an uring the past season. )W Co. 819 15th St. N. W. Found Reliable -'or Over Thirty Years" Plan't. e ofttimes overlook the import nt. Particularly those who build r suggests everything but winter. ur better judgment will compel 3ating system. stems is only general, while ours of experience. This knowledge ING COMPANY 'sGS HEATING CO. L. N.W. .c - New Home of H. A. Linger Co. 1 ' [ 1 H G S Co. HAS SCHOOL FOR SALESMEN Weekly Lectures and Discus sions Aid in Developing 'Maxi mum Service' Slogan. Believing that a real estate selling organization is something in the na ture of a public service organization, and that therefor the members Of such an organisation coming in con tact with the public should be so equipped to render the highest pos sible service, the firm of McKeever & Gos has recently institited a sort of super-salesman's course for all members of that firm. This hag been done, according to Mr. Goes. Above Is the a itots draw- in order that the firm's slogan of in for H. A. Lingr, located at "Maximum Service" shall always be 921 than a mere motto. 92and 925% G street N. W. very Monday night the sales 0. Harvey Miller is the archi- force of this firm in asembled in the tet. off ices and a school oDf salesmanship is conducted. A series of highly in. structive talks have been given in DOCTORS END STRIKE. the past few weeks and more are PARIs, April .-Physicians of the outlined for the coming weeks. Limoges hospitals who struck to en- Thesn talks are followd hy discus. fore their demands for higher sal- iofls anfld questions, which aro- cal nigers 'vulated to make each salesman more aries have returnied to their duties familiar with his work and the other and the dispute will be arbitrated. hranches of the real estate business. B[AUTIfUL BUNGALOW 401 Takoma Avenue Takoma Park containi lre nicely finished reooms avid .Ieeping perch, large tile bth and sho er; ooscrete porches front and back; large kitchen with eeontric ?a electric orlits; hot-water heat. House measures 45115 teet. onl M ut iful carfe let, with terrace. size 7iZ~os test. L~r&,e &hade trees; garage; chicken houses. Large lot. EjON300 feet. :Joining this property cam be bought separately or with house ad lot. Very Easy Terms Inquire at House or W. H. TURB[RVIll 1719 Conn. Ave. North 9407 = To Settle An Estate I am Offer BUILDING U) |George Wasi OVERLOOKIN Incomparably the most beautifully situated sub = summit of the highest of the Virginia hills, com Potomac river and the surrounding country for mil Million D In addition to its superb location, its beautiful su high-toned neighborhood-a magnificent monume OF THIRTY ACRES is now under course of con - Three Mill -on the very property on which the lots are locat I more than three squares away. 3 20 Minutes by Trolley, Bus or A A delightful community of many beautiful horm 3 Every city convenience will be provided, accessible 5 While you are buying purchase a site worth w on which you will be proud to live. Terms to Su It makes no difference how much or how little y This property is worth today at the lowest valua * I am authorized to * ~Begin'Selling at -makin some of K This price will be increased as sales p ogress. R thereby saving the promoter's 150 '1, 'Wich accou Come. Out Sunday---Ag HOW TO G Auto will leave the downtown Street N. W., Sundays at 11, 12, appointment, or take Alexandria I off at Rosemont. e IGEO. WEE * 402 9th Street N. W Talks already made covered the sub- OWNER AND TENANT ARE Jects of "Selling," "Cloing of Sale," PARTNERS, SAYS REALTOR "Advertising." "Construction." etc. Some of the talks have been given b On members of the organization and: respects partners. One cannot others by men well versed In their exist without the other. Each shouild particular line from the outside. profit during good times an2 neither According to members of the firm, should go broke during deprslo. splendid results have already been some system should be work~ble acomrplished, not only In making the salesmen better salesmen but which this could he accoMPisbtU. also in enabling the firm to render I think that the old Iran-bound, & more rounded-out service to ith ix-ahs-rivited lease has outlived Its clients, as well am building up a bet. usefulness for this clces of Prop ter spirit of co-operation in all erty.-A. H. Beebe, in mfl3ilding and branches of therbusinees. Building Management. ptInspe ct Tonig ht Semi= Detached Homes Only 2 Left - 3616 and 3618 Open on 3 Sides Park Place N.W. $500 CASH Balance, $75 Monthly INCLUDING ALL INTEREST FACES SOLDIERS' HOME PARK H. R. HOWENSTEIN CO. 1314 F Street N.W. ing a Limited Number of Choice LOTS at 'ington Park G ROSEMONT division in any city in the East. Nestled on the manding a magnificent view of Washington, the es. Every lot has a -llar View rroundings, its freedom from mosquitoes, and its nt to George Washington and a gorgeous PARK struction which will cost approximately ion Dollars ed, many of the lots bordering on the park. None ito From the Center of Washington s-an environment of refinement and cou-fort. = to all churches. School on property.= hile-one that will be sure to double in value and ~t Purchasers = ou want to pay. Terms to suit YOU will be made. tion 75c per square foot, but to settle an estate = 15c Per Sq. Ft. he lots as low as iR LOT emember. you are buying direct from owners, its for this remarkably low price.= 'ent on Grounds All DayI ET THERE: iffice and waiting room, 402 Ninth and 4 o'clock; any week-day by= and Mt. Vernon trolley and get .W. E very Half Hour for Property DERBURN Main 8186 _ IHHHHHHHHHIHHHIHHHHHHHHIHilllHHHHI