We will explore the value of modern architectural design in this first post of a series. The question we come across fairly often is “is a modern house worth more than a traditional house?” While complex in nature we will explore this from a few sides and see if the conclusion is indeed having an Architect design your home adds substantial value.
First, a comparison of estimated sales value to the appraisal district’s estimated market value. Case 1: an award-winning modern house built in 2007 with estimated sales value 30% over estimated market value. Case 2: a modern house built in 2010 and designed by a different architect – sales value estimated at 10% higher than market value. Case 3: a tract house built in 1985 – sales value only 1% above estimated market value. Case 4: a standard house built in 1997 – sales value equal to market value.
By these examples perhaps having an Architect-designed home does add value. And if the value added exceeds your architect’s fee – bonus for the homeowners. Stay tuned – more to come soon.
Know of any studies on this topic we can review? Comment with your info!
This post was originally written before re-branding as Eckxstudio for Modern Architecture at the end of 2017.
At Eckxstudio for Modern Architecture, we design unique and stunning projects, individually crafted for our clients’ lives. We’re passionate about listening to your needs, wants and desires as inspiration to design the dream home you’ll never want to leave.