Architecture / June 26, 2018 /
When considering building a new home, completely redesigning or doing a major addition on an existing home, the reality is there is a certain amount of money budgeted for the project. With a finite amount of money, if you were to only focus on the size of the house, the quality would suffer. The same is true of the inverse–using all of the best finishes and choosing high-end materials to enhance the quality of the home will necessitate a smaller-sized home. You must have a balance between size and quality. This relationship is not always obvious at first, but I have found that by talking with my clients about making smart choices and decisions, they can achieve a balance between size and quality and achieve their dream home.
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.