Evening star., 1933-04-08


In Washington was started some tim,
ago, but suffered momentary setback
due to the banking crisis. Plans to re-
sumo this movement are now under
way, and are expected to be announced
shortly.
Meanwhile, with building and equip
ment prices at bargain levels, the prop
erty owner would do well to make
survey of his needs, consult with de-
signers, builders and tradespeople as
to methods and costs and prepare to
make alterations, additions or other
necessary improvements.
This applies not only to the home
owner, whose property offers almost
unlimited possibilities for improvements,
large and small, but to owners of bust
ness buildings of sturdy underlying con-
struction, which can be brought up to
modern standards by alterations that
combine a pleasing appearance with a
comparatively low financial outlay.
It's Own Reward.
In both cases, modernization of build
dngs writes its own reward-it pays
back the man who pays for it. Prop
erty. IN need of repair rapidly depre-
ciates in value, while property in good
condition, possessing modern facilities,
will command higher sale prices and
rentals. The resources of property own
ers are directly drained by idle prop
erty, and often. by reconditioning and
modernizing this loss can be turned
into gain.
The wisdom of investing in build
fng improvements has been demon
strated in many cities where owners
of old buildings found renters slipping
away to occupy newer structures.
From an economic standpoint, such
activity Is recognized in the industrial
field as constituting an opening wedge
toward returning the construction in
dustry and its allied trades to state
of normalcy, creating employment and
increasing buying power.
Much Work Put Of.
Many properties have become dilap-
adated and out of date because of a
mistaken notion that the expenditure
of money might be looked upon as eX-
travagance in the light of so much
stress being laid upon the reduction of
expenses. Necessary repairs and re-
placements have been deferred, and the
impulse has been to make old things
do.
Spending money to make savings
Is conspicuously eXemplified In the
industrial field" says Nations Business.
Lie Wcdltll VI I'D OUJCCG ICooOllo al 6uCo
the alertneSs of arrangements forced to
match the construction of sales volume
with internal economies
It Is estimated that S100,000,000 will
be spent Immediately by hotels and res
taurants throughout the country to
modernize old and create new tap
rooms, roof gardens, grillS and rath-
skellers for serving beer and light wines
in the States where the beverages were
legalized yesterday.
Reports from various parts Of the
country indicate that this suddenly dis
closed market has been instantly rec
ogniZed by the construction industry,
by building and decorating materials
and equipment manufacturers and the
architectural profession alike.
To Announce Projects.
Two leading architectural magazines,
the Architectural Forum and the Amer
ican Architect, in recognition of this
trend, announced that next issues will
tions of new and projected hotel and
restaurant eating, drinking and service
rooms, and to illustrating the modern
architectural features of famous Euro
pean beverage dispensaries.
A survey conducted by Ahrens Pub
fishing Co., publishers of hotel and res
taurant management magazines, among
1000 leading hotels, restaurants and
clubs, in the score of States where legal
beer Is now available, indicates that
more than sac, 900 900 will be expended
Immediately for required building and
decorating materials, in addition to
labor outlayS.
The home improvement field covers