Architecture / February 3, 2018 / Oriane.
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.
This is where the contractor provides the design and construction under one contract. Turnkey projects and many public private partnership developments are examples of this approach. Design and build offers the client competitively priced projects completed within rapid time frames by enabling the contractor to value manage the employers requirements and overlap design and construction operations. It is not successful where the employers requirements are poorly defined and the approach tends to produce functional architecture in terms of appearance.
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.
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.