Omaha daily bee. (Omaha [Neb.]) 187?-1922, July 11, 1909, EDITORIAL, Page 3, Image 11
TIIE OMAITA SUNDAY BEE: JULY 11, 1900. TIMELY REAL ESTATE GOSSIP location of Woodmen Building Chief Interest of Week Past. MUCH RETAIL BUILDING IN SIGHT fjrowtb. af City Makes Improreaieat Alan TfcU Lias Inevitable, flays Ear Sabarbaa flairs Art Kintrni, ' Ths location of ths nw Woodmen of ths World building held the center of the real eatate stage during the week and prac tically excluded all other performers. Small sales went on with undiminished frequency, but larger sites were held up pending the consummation of the Woodmen deal. This was but natural, for practically every un encumbered piece of property In the busl ness district wss placed at the opportunity of ths Woodmen provided they cared to pay ths price. Ths "price"' In some cases was out of ths question preposterously so. The general public1 and those real estate agents. not themselves active In the matter bad no particular desire as to where the building should go, except that It should be located on fairly high ground and thereby gain ths advantage of an Imposing site, . "The chief Increases In resl estate ac tivity In the coming year or two," declared the best posted man In Omaha, "will be with regard to the central business district We have seen big building after big build ing rise in the wholesale district and we have been erecting dwelling" houses at the rate of 1,000 a year. To a considerable extent the retail district has remained as It was and the greatest chancfe for lm provement Is here. There is also the de mand and necessity and It will come with a speed and extent we hardly dream of. , "The retail district limits of Omaha are beginning to define themselves on several- tides at leant. Expansion of the district tnuft be westward, and how far It will go thence Is Impossible to predict. "Fafnam will continue to be the most prominent east and west thoroughfare, but It will not be the exclusive business street . running In that direction. Both Douglas and Harney have received a great Impetus within the year. Douglas street Is already the. site of much Improvement and Harney will be helped by the new court house and the City National bank building." Omaha suburban sales continue to In crease In volume. There Is no suburb. either, which Is not showing an active and ;' healthy growth. In Benson, Florence, ' Dundee, Falracres and Ralston lots are selling to home builders dally. ' Benson, In particular. Is going ahead fast, and a big gain In population Is shown, with an even larger one claimed. It had to achieve 3. SOU people to become a olty of the second class, and (his It did jo me time ago. Nor Its most enthusisstle residents say It has 4. WW men, women and children within Its limits. A persuasive argument In favor of buying a home Instead of paying rent Is put forth by a firm which has a good many houses and lots to dispose' of. When, this firm aks. you drop Into your landlord's hand each month about one-fifth of your earn ings, do you stop to consider why rents are so high and going higher Do you realise that you are paying the taxes on the prop erty? It's figured In the rent Do you con sider that you are paying all the fire In surance, the rents and so forth? They are figured In the rent. There are. as you know, some renters who never pay any rent at all, and another class who destroy prop erty. Do you resllse that these losses mint earn a certain Income In rent equal to good Interest on his money? What comforts, continues the argument has a renter com pered with the man who owns his own home? Look at your home-owning friends and see how differently they have things. Home comforts and independence and In crease In property value should be yours. It Is rightly yours and can be yours If you put your foot down and say you will stop paying rent. Cut out all the Items you are now paying for. together with the land lord's profit and buy a home of your own. An amaslngly absurd claim is set up In re Moines that Improvements there are grester than in any city west of the Missis sippi, with the possible exception of Kansas City, This In spite of the ract mat me largest Item which the Hawkeye city can name is one of $500,000. Against this there are three new 11.000,000 buildings In Omaha, and the total showings are In the same ratio. ' WOODMEN STILL TALKING ABOUT NEW HUME Slit Glfford-Graham-Brldg-ea Corser Bald to Have Been Offered to the Order. "Something probably wilt happen be tween now and Wednesday evening." de clared a member of the Woodmen's build ing committee Saturday. "As yet no site hss been selected." Further statements give additional reason to believe that no conclusion has been reached In favor of any site. " The Wood men continue to receive offers and to dis cuss prices with real estate agents. "Nothing doing at all," said J. C. Root 'Wt are chaffing with various agents and have reached no choice." Mr. Root spoke the day previously as though a special meeting of the executive committee would be called at once to ratify the building committee's choice. Now he is Inclined to wslt until the regular meeting, which Is July 28. It Is rumored that the Graham-Olf ford Bridges property at Nineteenth and Far nam streets has been offered tyie Wood men. A contract has already been let for a hotel and store building there and ex cavation begun, but It Is believed this would be disposed of In ease the Woodmen should agree on terms for the corner. , 1 SEMI-ANNUAL STATEMENT Omaha Loan & Building Assn. JUNB 30, 1900. ASSETS. Loani oa First Mortgages. ...-. .1.4f ,6i. 8 ; Stock Loans . 6S.601.09 Interact Dua from Members ............. ...... 1,844 - Heal Estate ...... mv .- . , .i. . . . .- 6.b SI. 6 5 Foreclosure Pending ........ ..M ...-.. .M t.617.14 Furniture and Fixtures ............... . . . 107.60 Home ButMlnc .............. ... ....... .... . 11,000.00 Sundry Persons and Accounts. ' '688.81 Cash . 178.47t.88 $1,72,46.64 LIABILITIES. -Running Stock and Dividends ....88,141,884.8 . Paid-up Stock and Dividends. ll.08.4 Loan Stock and Dividends.......,.'. m 806,911.1 ' Dae Sundry Persons on Account of Incomplete Loans.. 166.T48.89 "Building Earnings and Expense 1,661.16 Reserve Fund (66,814.18 Undivided Earnings 1,869.48 Interest Due from Members 1.684.94 '- ': fl.7l,946.4 '.' At the Directors' semi-annual meeting;, held June 80, 1909, the . usual dividend of six per cent was declared and $2,900.00 carried to . Contingent Fund. OFFICERS AND DIRECTORS. GEO. W. LOOMIS, President. ELMER E. BROX, Tic President. O. M. NATTII-3ER, Secy, and Trees. WM. R. ADAIR, Asst. Secy. JOHN H. BUTLER. E. A. PARMELEE. H. J. PBNFOLD. W. S. WRIGHT. M. M. ROBERTSON. W. SCOTT KING. Architects, Contractors, P OF THE BUSY HOME BUILDERS I; ' ' . .'."X ?.?: ' ':' ' ,'- .'-., ;! y . v:- V.':.--;i;4 - I 'ri:'--l-i H-Y't-'Vy"-'' v-;rV" -W " ' v::; ju.tItLa, -r- . v : V r ;'---. .-:x' '... J r tvj.--.-- .-." ,-'.,' WE INVITE YOUR INSPECTION OF THE BEST AND MOST COMPLETE AND NICEST LINE OF FACE BRICK, TILINO, COMMON BRICK AND SUP-v PLIES OF THIS DESCRIPTION THAT" YOU HAVE SEEN. C. B. Havens (Si Co. 1805 Ftvrnam St. Doth Phones. i, s i .-'", v rt-- v .!' ----: -- - - I i, ' a . .- r i f .M! ) - t ' I .-- ." .' -' at "r' .vr,t-H ' "-i .It ' ; r -vJ: llf it' "v:v('fi !' "' rVtVi I'viVtV ilJs?''.' ' "PORCH is'-o";- I KITCHEN ILsJI DICING ROOM I I! JiO'4J'-s' , IS'-O'ilt-O" 1 I "'" g ! i I 3 I Ilivimo noor-i ! ce'Ms'-e POBCH i w nil rUEJIGIi MO 9 29- ARTHUR C CLAUJEN ARCHITECT CHAMBER t- CHAMBER I E3 "I lH -c crU m BATH ROOM! a-o'.a-o- W CLOJ ' 1 i . .J C The Smart and Up-to-Batc Dwelling House 3 lillll3 4X5- --JTECOflD FLOOR - -FTS-JT Fl-OOFi- Guide Posts for the Home Builder ArUutf O. Clauses, Azoblteot. J. J. HAK11HEW IrLiyiUpOWlDl AND IE AID PI 1400 Harney St. Phone Doug. 1146 Success In any undertaking consists to a large extent In a proper knowledge of the details of that which is being undertaken. Guide post No. 1: The average house builder has a very vague Idea of how to proceed in the building of a modern home. The first thing to determine In the building of a home Is whether or not the funds at hand or available are sufficient to build the home which Is desired. A great many people nowadays build homes on either the monthly payment or prearranged mortgage plan, preferring to pay out Interest for the money borrowed and have a home In the end, than to continually pay rent year after year and have nothing to show for It but the receipts. To try and build a home on a monthly payment plan with practically no capital to start with Is not as easy as It at first appears. In addition to the monthly payments, there are the taxes. Insurance and occasional repairs to be taken care of and for the first year or two the payment pay so little more than the running Interest that the principal Is not reduced much. An other objection to building on this plan Is that loan companies of this nature almost Invariably Insist on building the house themselves. The owner is, therefore, un able to select his own contractors and really has very little to say about the houxe during the course of Jts construction. He Is not sure whether he Is getting his money's worth or not A casual glance at homes that have been built under this plan Is sufficient proof that the results are not always satisfactory. It is therefore best to wslt a few years until sufficient funds have been gathered together to pay at least half the expense of building and obtain a loan on the other half. The amount being re duced by one-half, a greater gain Is made on the principal on each payment and con siderable saved In this way of Interest. The owner also has the privilege under this method of selecting whoever he chooses to build his Uma, profiting by the advantage of being able to take competitive figures from different builders. If the loan la made In advance, before the building is duiii. " will usually require the paying of an extra commission of 1 per cent. If the loan Is made after the building is built this 2 per cent Is saved. It is therefore beet to have i hunt bv a contractor whose financial condition makes it possible for htm to carry half of the expense of build ing until the house Is completed. Any con tractor In sood standing has credit enough to do this and Is entirely secured for ths psyment of the money, since he can put a Hen upon the house. A contract of this kind should be prepared by an attorney and be based upon carefully prepared plans so thet no matters will come up mai win cause any dispute. Guide post No. 2: D not let an architect or contractor draw up your building con tract. The architect should confer with your attorney when the contract Is being drawn up, and look It over carefully after wards, to be sure that certain points about which he Is familiar era properly covered. An architect has to know the rudiments of a great many Unds of busi ness that coma In connection with bis work, but he Is not a lawyer and should not be expected to know any more about the pit-falls of the law than a lawyer does h bo ut the strength of building materials. THE BEE'S PLAN OFFER Mr. Clausen Is the author of a well illustrated hook containing a great many designs of modern homes, complete plans for which will be furnished to Bre readers at reduced prices. The book is enti tled TJIX aBT, BOZZVCX AMU BXHTI- kmt or XOMS Buua vxa. 46 Chapters SOQ Illustrations. A beautiful and practical book con taining complete Information on the planning and designing of every kind of borne. It oontalus extensive articles on that popular style of home, The American Bungalow, also the Two Story Bungalow, BUNGAIiOWS BUILT FOR TWO, Homes of Dis tinctive Character; Planning ths Cot tage, the Country Home, the Farm Home, Homes for Special Places, The Duplex House, etc. There are ex tensive Illustrated articles on en trances, windows, stairways, fire places, porches, kitchens, pantries, cement construction, articles on what not to do in building a home, the Let ting of Contract., the Practical Bide of Home Building, the Sentiment of Home Building, etc.. etc. Price, post paid to readers of The Bee, $1. Send all orders to Arthur C. Clausen, architect, 11SC-37-38 Lumber Ex change. Minneapolis, Minn. Stnalf' technical matters In legal phrase ology are apt to be overlooked by him In the arranging of a building contract, that might prove of vital Importance should the contract be put to a test In court. The wording of a single phrase or the placing of a comma has been known to decide law suits. Guide Kst No. I: Do not build by day Ir.bor. Although this point has been em phasised -several times In these columns, it will do no harm to call this matter to the attention of the home-builder again. System is always economy no matter what the undertaking and this Is specially true in the building of a home. A complete bill of materials for the aversge home con sists of from 200 to different quantities and items of. material. These must not only be figured out In their correct pro portions and bought at the best prices, but the purchases rhould be made for delivery at certain times when the material will be nesded. Immediate delivery of material cannot be secured snd the builder must therefore know how far ahead of time he will want certain material and should order It, In order not to delay the con struction of the building. On the other hand great quantities of materiel should not be kept on hand for any length of time before they are needed. Materials suffer much from exposure to the weather, and If placed in the building after the roof Is on, are a hinderance to the workmen. The difference between what the material would cost the average home builder and what It would cost a contractor Is some times more than the profit tha.t would ba charged by the contractor for that build ing. The greatest loss, however, to a maa attempting to build bis own home Is In the labor. Since ths labor on a building Is usually about the same as the cost of the material. Is Is Important that compe tent, conscientious and reliable workmen only be employed on the work. A man at tempting to build his own home, In most cases, has not had enough previous experi ence to enable him to select workmen coming up to this standard. He may be lucky enough to get together a crew of competent workmen, but the chances are against him, since these men are to a larva extent employed the year around by con tractors. There is also a considerable loss to a man attempting to build his own home through mismanagement. .The writer recently observed on a horns being built by day labor that the mason was mixing his own mortar and carrying his own brick. He was being paid tS a day for his work and spending half of his time doing the work of a common laborer at 11.60 a day or less. Here Is a good example of the usual results that come from trying to buy your own material and building by day labor. , A man recently bought a double house, which by a few changes was easily converted Into a six-flat flat build ing. The work could have been done for $1,600, but. thinking he xnlght save money, he hired a carpenter-foreman, purchased his own material and spent 2.SO0. Instead of having the property clear as be .might easily have done had he taken his ar chitect's advice, he had to obtain a loan on It In order to complete the work. Guide pon No. 4: Do not try to reduce the expense of your home by building on a cheap lot, and if you are building for Investment purposes only, be sure that the cost of the house you are going to build Is in due proportion to the value of the lot. A good way to average this mat ter Is to figure on paying for your lot about one-third the cost of your house. inis refers to city cronertv onlv f.w course, country homes are built under' en ureiy airreient conditions. If you buy a lot in a certain locality at a very low price It is because there is not a great demand for property In that neighborhood. That means that other lot are being sold to people who can not afford more and who will build an inferior class of houses. A good example is the beautiful country Just this side of Washburn park. Here a few years ago lots were sold as low as 1V0 and J300. The result of this Is that this beautiful building property was rapidly filled up with shacks and a few good homes of a very small slse. It would be very hard to dispose of a home costing 5,W0 or t,000 in a neighborhood of this kind, although not a difficult matter to dispose of one-costing $2,000 or less. Our bsautiful Lowry Hill district, especially that part of It that lies nearest Uroveland Terrace. Is what it Is today through the foresight of Its two original owners, one of whom Is still living, who realised the possibilities of the situation and refused to sell property to any man who would not build a beautiful home and Insisted that it must not be built of frame. The result Is that an exclusive neighborhood was built up and in recent years these men will have profited to a large extent through the prices which they obtained on the property that they still had left to sell. A bouse In a desirable location can always be sold for more than It cost If it U well arranged as to plan and has of is a wood frame covered on the outside with cement mortar on metal lath, or what is commonly called a "stucco house." The Old Frame Houses may, at a small expense, be made up-to-date by attaching EXPANDED METfiL LA TH on the weather board ing and overcoating with cement mor; tar. This makes them warmer in winter, with less fuel, and cooler in summer. They do not need painting and are practically everlasting. Write for full particulars. Korthwcstern Expanded Metal Co. Old Colony Building Chicago, III. mm I Fence "Your Lawnl BEAUTIFY YOUR HOME. NOTHING ADDS MOEE TO YOUR PROPERTY THAN A FINE IRON FENCE. WE MAKE ANY KIND OF FENCE. SEE US FOR DESIGNS AND PRICES. : : : ANCHOR FENCE CO. 205-7 NORTH 17TH STREET, OMAHA, NEB. Carey's Roofing XnTried and Time Tested A durable light weight roofing for flat or steep surface on Store Buildings, Ware houses, Factories, Barns, Sheds, Farm Buildings, etc. Applied with a liberal guarantee by a responsible concern Sunderland Roofing and Supply Co. 1006-8-10 Douglas Street Phones: Douf. 871; A 1225 JOXV X Z.TITOK, T. J. I.TWCH. Xx-Flumclnff Inspector. LYNCH BROS., Plumhins, Fitting nnd Drain-Tnylwr 705 South lCm Street Telephone 1477. - - - OMAHA, NEU. CS JF J 30 MJ xpres.es In a limited degree only, the m.jnlflcencs of ths scsoerjr In ths Csnsdlan Rockies viewed enroute o ths ' ALASKA-YUttON-PACIFIC EXPOSTION Stopover without estra chars at ths famous resorts: Banff Xks Zrfmla Ti.14 Olacl.r. This "Land of Enchantment" la reached only by the Canadian Pacific Railway Throuch trains to Hesttla from Bt Paul dally at 10:30 a. m low Baoarsloa Tares from all places to Seattle and all Puget bound cities snd return. Alaska and return from Vancouver ftt. by Csn. Paclfle steamea. Tickets for ssle l.y avnts of all railways, bend for literature and information. A. C. Shaw. General Agent, Chicago. ToUow ths Tlaf.' fiiiL New York s Return CHOICE of ROUTES Chicago. Detroit via boat to Cleveland and Buffalo, Niagara Kails. Albany via boat down the Hudson to New York or sll rail. Sold dally, limit 3ft days, strm overs allowed. Ve have special rates to all eastern r-nns. Afk us for Summer Tour book, rates and all Information, st Wabash City Offlrt leth snd Karnaui. or address f MOOSE, a. A.. T. D, Wabasu B. B.. Omaha. Msb. pleasing exterior. This Is one reason why It Invariably pays to have this work done by ona whoa, experience and talent makes It possible to set ths best looking and most complete housa that ths amount In vested can build. Klsata I.f. "Am I on the right road to Ripley V In quired ths traveler. ( "No, sir," answered ths farmer, '"you'd ought to have turned to ths left at ths brick bous a couple of miles back." "ttut I was tuid ibas I'd have no trouble In finding the way If 1 kept on the rlijlit road." "That's right." "ISo when I rams to two rosds I turned to (he rlKht." "Thst wss wrong." The traveler wss becoming Irritated. "Then ths rig rood wss the wrung one, was It?" ho a.Ked. "You're right." "How can a thing bs toih right and wrong?" "That only shows, mister," said tls farmer, calmly chewing a straw, "that you've never milked a cow. If you had you'd know that her nxht I4 la ber wrung side." CbluaJMt Tribune.