Architecture / June 26, 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.
The choice of the material, and hence the cost, may be influenced by factors other than aesthetic qualities. For example fast-track construction projects may use a steel frame in preference to an in-situ or precast concrete frame in order to reduce overall programme durations. Although the concrete option may be cheaper, the shorter programme achieved by using steel may offset this initial cost advantage. Technical decisions such as these are made for each building element and these have a direct bearing on the eventual cost. Where considerable repetition can be achieved it may prove economical to prefabricate certain structural elements or to standardise various components and fittings.