San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-03-02
Building Home Is
NotProb[em Here
Found Elsewhere
Any Family of Average Income Can
Finance and DUN Dwelling by
Consulting Lumber Dealers


There is no city of the size of San Antonio in America
where home ownership accessible to the cit
due the fact that this city is fortunate in having
financially strong lumber dealers and building and loan
associations which have worked out system of financing
homes on low payments.
For that reason is just easy for the average FAM
lily to live in modern up-todae house to live in
ola shack without modern conveniences. Hence there is
steady building campaign in San Antonio during practi-
cay all of the year and it is the purpose of both
lumber dealers and of the loan associations to direct
these activities along conservative and businessike lines
New Homes for 1000
In the last two years, approximately 1000 San An
tonic families have been moved out of old houses into new
homes Most of these dwellings have ranged around
$4,000 in price although there have been 100000 homes
among those built and many that ranged from $4,000 to
$4,000 But all things being equal, the preference Is
given the small home because more homes and
satisfied home prosperity for the city
and higher grade of citizenship and civic spirit.
The average family with an income of around $4,000
$500 with careful management finance build anG
i'll approximately eight years free of membranes
five six dwelling with all modern conveniences
and city improvements These homes can be constructed
through building and loan association, through lean
arranged directly with the lumber dealer who supplies the
materials and advances sufficient money for the consuc
ton they be bought already built from home
builder. The latter method of precludes nd
viduay the part of the home who buys house
designed and built according the ideas of another
Can Design Own Home.
has been found satisfactory to arrange direct loan
with the lumber dealer where the home builder wishes to
incorporate certain ideas nthe home and to give
sion to individuality in its construction Under this system
plan for home be worked out within the amount to
be expended and thus the home have great
deal more to say about the arrangements of the site.
Lumber dealers usually require that the site be paid for
and that the prospective builder have certain amount of
cash. sufficient at least to insure healthy interest In the
of the project Payments may be made by the
month"; which is the popular method among wage earners
or they can be made sem-annuay. 1t is customary to
make the monthly payments include interest and they
range from per cent of the loan to one and onehaf
per cent, per month. For instance on loan of $4,000
the monthly payment might be $50 might be $65 or
might be S75 according the home builder might be able
to pay and other indications warrant
In addition to monthly payments which must be met
promptly there other items such Insurance. taxes,
upkeep and improvements from time to time including the
Identification of the lawn and yards Some builders now
improve the grounds when the house is completed even
doing for the home what to is an arduots
task and to others work of pleasure.
Easy to Own Home.
But the very multitude of ways whereby home can
be acquired only adds the with which home owner
ship can be attained in this city, Likewise sites for homes
and varying in price that the prospec
tive home builder find any kind of site TO suit peck
etbook or taste He can range from high priced 5Ofoor
lot in highly improved district to acre OF tabe
ground chickens and and on any OF these SITES he
lumberman will build home and allow him to pay Tor II
within his income.
Another powerful factor in home building here Is
that Antonio extends such wide area that there
can never be the congested building conditions found in
some cities.
"Of the millions of dollars worth OF home builders
liens have handled, said lumber dealer the otner
day. he list of those who have been unable to pay out
so insignificant to be of no Importance IN the total
The last thing we desire to do is to take over dwelling
We meyer under any circumstance forecose until we have
exhausted every known to help the home builder