Architecture / June 17, 2018 /
The worst part about lowering the quality as you increase the size is that it eventually lowers the re-sale price. Take a look online in the neighborhood or area of town you are interested in and look for only homes that all cost the same amount of money, say a million dollars. When I do this exercise, I almost always find some larger homes that are not all that attractive and some smaller homes that are well-designed and beautiful. Bigger does not translate into better resale value. The price per square foot of a home with a focus on quality is higher than a larger home that sacrificed quality for size. And this only becomes more evident as the home ages.
A project may be completed on time and within budget, but unless it achieves the specified quality or performance criteria it will be considered to be a disappointment or even an outright failure. High profile building failures such as Priory Hall only serve to strengthen the public concern expressed in the Egan Reports findings that 30% of buildings fail to meet the expectations of their owners. Such failures may be prohibitively expensive to rectify, dangerous and can ruin reputations overnight.