Are Architects ‘Worth It’: The Value of Architectural Services

6 Nov

Is It Worth Getting An Architect?

Are you considering a renovation but not sure whether getting an architect will be ‘worth it’? You are not alone! Architects are often dismissed as a luxury rather than an integral component of a successful renovation. The problem with this is:

Small practice architect designed renovations improve capital gains in Melbourne by a significant 1.2% per annum.
- For the median Melbourne house price of$1,200,000, after 10 years the home owner that employed an architect is $256,000 better off than the home owner that didn’t.
For every dollar spent on architectural fees$11.40 is gained in capital appreciation.
- (Research for Architects in Small Practice (RAsP), 2020)

The Solution

Research from the Melbourne School of Design at the University of Melbourne has found that using an architect for your renovation leads to better resale values and higher capital gains in the long run. (Research for Architects in Small Practice (RAsP), 2020).

Next Step

If you want to make an investment and add value onto your home, chat to Dean who has more than 10 years of experience transforming heritage properties. Schedule a personal 15 minute phone consultation to find out how we can help with your project.

Schedule a chat with Dean