When it comes to real estate, we see different types of architecture. With so many different styles and designs, each of them have their own unique features. It can also serve as a selling point.
This guide will go over the relationship between real estate and architecture. It’s important to know this for a few vital reasons (which we will discuss shortly). If you have questions about real estate and architecture, Teifke Real Estate will have the answers.
Let’s take a look now at a deeper look at how real estate and architecture are related to each other.
Designs can sell like crazy
Imagine walking into a house and the design is absolutely exquisite. You see something like ceiling to window floors with beautiful views. This paints a picture in someone’s mind like waking up to a view that greets them every morning at sunrise.
The layout of the place can also be a good selling point as well. You can’t say no to open space if that’s something you want. You want the master bedroom to be the largest of all the bedrooms.
You might be considering renovations in the future and want the bathroom to be large enough to pull off the project. There are so many scenarios playing in your head while you look over the blueprints (if you see them) or tour the home itself.
Architects understand the real estate industry
Even if they have never had experience in selling homes, architects understand as much about real estate compared to agents. One of the things they might have the edge over their real counterparts is their visual awareness and their knowledge of structures and building materials.
To that end, if they jump into a new role in the real estate industry such as an appraiser, they could use that knowledge to their advantage. On top of that, they could get a more razor sharp idea of the exact price a home should list for.
That’s because they’ll include the smallest details that another appraiser may seem to miss. If a seller or real estate investor is looking for an appraiser, an architectural background may be a huge plus. Especially if you are looking for an accurate valuation of the property that’s being sold.
Do architects and real estate agents get along?
That depends on the people. You could have both work professionally but not have much in the way of chemistry on a personal level. Another architect and real estate agent might work together and understand each other’s lingo.
Needless to say, architects and real estate agents speak different languages. Yet, it’s possible for them to meet in the middle with some good ol’ fashioned communication. Asking questions for the sake of better understanding each other never hurts.
In general, architects and real estate agents don’t hate each other. Some may even see the former as egomaniacs, pretentious, and judgemental towards those who are agents helping people buy or sell a home
How can real estate agents (or investors) and architects help each other?
If you are a real estate agent or even an investor, adding architects in your network is super key. Because you can help each other out in so many ways. Architects can solve a problem based on their vision and designs.
They can also study whether or not it may be possible to design or build a property that may be in a specific area. They may also provide ideas for how parts of a property should be designed (assuming the owner wants to renovate in the future). On top of that, architects may also be familiar with the building codes and regulations so that each property is compliant with them.
To that end, real estate agents and investors might have deep knowledge about a local neighborhood. They might access their data tools that indicate certain statistics such as the crime rate, overall property values, and more. The exchange of intel between architects and real estate agents and investors will be super key.
Especially when it comes to future developments in areas where there is so much potential for the construction of properties. New homes will soon be constructed and it can be someone’s dream to live in it.
Architects can build that dream and real estate agents can sell it to someone. Who says that these two cannot work together when they each share a common goal? That goal is to make someone and their family very happy with the place they call home.
It’s also important that architects and real estate agents provide each other’s feedback. Especially when it comes to assessing a currently existing property or building a new one. Both can value each other’s opinions and come up with ideas that may propel future projects.
Real estate investors may even connect with architects and extract information from them. This may give them a good idea to consider whether a property is worth acquiring. Another thing they might keep in mind is determining how much rent they would need to charge each month for a tenant.
The goal for every real estate investor is getting a positive ROI. It might make sense to get some inside knowledge about what architects know about design and even the cost of building materials (so it factors into their money management aspect of investing).
Final Thoughts
Real estate and architecture can work together in so many ways. It can provide a person in the real estate industry enough information that can determine the sale of a home. It can also propel future developments that can sell for a mint depending on several factors.
Real estate investors may even benefit from their relationships with architects. They will be able to get an understanding of some of the architectural lingo and may even hone in on ways to increase their ROI for each property they own for the long term.
