New-York tribune., 1902-03-30

majority Of such persons are. generally identified
reselng Of mercantile building and other largo
Propsrtes Il is seldom that any one viii be
the capacity OF broker II it were 50, 1t would
for understand thoroughly and deal successfully
as an investor in all lines of the real estate hed
capable of doing more than ordinary work
investor is a private dwelling house. If occa-
sion should ever arise when hc could not sell or
rent. he, could occupy the house himself until more
kind do arise account of the ever recurring
il may he said that certain amount Of luck enters
house parson mav bny bo@c fodaV nmy
TO learn tomorrow that an adjoining parcel has
school and hotel might shut on considerable light
% ana ar from his Pr2peTty ana tins would , anGot
stances he might be tempted to sell quickly AT
Of cases-s to hold to the little Of the property II
With the improvements Will come an increase ~
valuations. and he is likely b. beuehted by this
are at a standstIlI, and where the day for better
prices is far off. Then hr" may upset the plans
Dpusnr I Ii'J Iii tp pbH % ya ] y % ~ - f,In me
sum he cx9e"ted 70 get from his Investment
In buying private dwelling house many things
most cases seems to be overlooked, is the sewer
connecton, With the mouse. Any one who forg"tS
nected directly with the sewer main for the street
find out II the plumbing done according to the
regulations Of the Board OF Health, should
who likes to make trouble there may be some hig
plumbing bills settle after sanitary inspectors
have looked over the premises. These things can
be easily learned by having plumber examine tho
plumbing carefully before buying the house. Never
take any other persons word as 10 the condition OF
the plumbing OF the house except a plumbers IS
n good rule. II possible. have the house changed
into an American basement house before title TO
the house Is transferred. The American basement
house has evidently to stay for long time.
and such houses are in greater demand than other
types. . -, -
says in part, regarding the general condition Of
the market;
The speculation In East side residences IS stin
proceeding merTily. owners of every parcel in the
vicinity being constantly solicited by brokers
every week, and ore begins 10 wonder what II all
means. How does II come about that these sudden
spurts particular sections and particular classes
Of property take place? Here Is IA district which
been improved for the most part for as much
twenty years. during which time a certain level
Of prices has prevailed.
Last spring one could have taken ones choice
Of several dwelling houses on any street north OF
Sixtieth-St. and east Of Madison or Park ave.
Then ali Of a sudden the Hveliest sort of demand
sets in n demand based upon the actual inquiry for
new houses by intended occupants. but enormously
inCreas sed by the swarm OF spectators and opera
tors who are continually the watch for evil
dences Of such demand. The result is that the
better built and situated Of these dwelling houses
have increased 30 per cent more in value and
the present owners asking any prices they
need for residences on the part OF people who
have received good prices for their property from
the New-york Central for its terminal improve
ment.''