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Show Enterprise Review , May 5, 1976 Page 10b OMR IOUTSIDEI Pick Your Neighborhood Andrew B. Hansen Many potential buyers of real property seem to be confused and emotional in the purchase of a home. While the house they select may be just right, the area does not live up to expectations. What is really important in the neighborhood selection process? Does it appeal to you and Is it apt to your family? its maintain present deisrabil-ity- , or deteriorate? Everyone is. concerned about the selection of the neighborhood; therefore, you should consider all the things that appeal to your family: schools, shop have first choice in making a selection, since transportation is very important to him. Many a home enjoys a pleasant area, but becomes less attractive while driving to and fro. Adequate fire protection is essential; otherwise, you will be subject to a higher rate of fire insurance. Essential, too, is the supply of utilities available and the relative cost of those services. The rights of ingress and egress are the property owners responsibility. When buying subdivided property, read the restrictions. Check into easements, rights of entry, v. affect the value of property. Neighborhood maintenance should be considered. Age is not always the important factor with property; usually the class of people in the neighborhood and the way that they maintain their property should be deciding factors. If you are dealing with an agent, ask him to provide a list of items that are of concern, pointing out the good and bad of a neighborhood. If not dealing with an agent, take the time to find out the character of the area you are considering; it wont be a waste of time. nant easements, servient easements, and so on. Distances of a home from ping centers, churches, theaters, playgrounds, and essential services and business are other important conparks. The breadwinner should siderations. Traffic and noise Investment Summary Chuck Akerlow plan, developed by them and Ivory and Company, is to develop the olfl Brickyard site into three uses. The first is multiple family, the second is office buildings and the third is neighborhood commercial. The sale, of course, is contingent on rezoning. But for the first time in years the County plans are amenable to a multiple use of the site as opposed to the traditional lets build a big mall MORTGAGE RATES FIIA 8.5 M VA 8.5 approach. Both Dyer and Wilkinson saw the potential in restoring the Brickyard property as an asset to our community. They have put together a master plan which will become a basis for the rezoning application. That application will be made After at least three years of study and proposals by many major developers, the old Interstate Brickyard property at 1300 East 3300 South has finally been sold by Entrada Intustries, Inc., the parent shortly. ' company of Interstate. Both developers believe Most developers planned a major shopping mall on the 57 that the Brickyard project can acres. For a lot of reasons, be totally listed and sold within three years. In order to some of which ' I have discussed in this column, neither the insure this happening, they economic nor political climate are negotiating with a major was conducive to another financial institution who will large mall. So nobody bought assist them in tying up enough it. capital to make the developAfter, all, it was argued, if ment move forward at a rapid you cant build a shopping pace. Sale of the Brickyard was center on the site, what can handled by yours truly. Ivory you do? The answer to that question and Company will be the was provided by Brent R. Dyer marketing agent for the propand Harold N. Wilkinson, who erties to be leased or sold. arranged to purchase the From all indications it appears Brickyard property from that the Brickyard project will d Their be a Entrada Industries. product. . high-deman- These rates were obtained by telephone conversation with the above institutions. The rates are correct to the best of our knowl- edge but their accuracy cannot be guaranteed. |