The main goal of the firm’s architectural work is to maximize a building
owner’s return on investment. Viewing a building principally as an
asset or an investment, the firm develops designs which not only meet
goals of functionality and environmental compatibility, but which
are also cost effective to guild and operate.
This is done by determining a client’s functional needs and investment
goals for a building and then developing design options which create
an effective balance of initial construction/renovation costs and
owning and operation costs. The design alternatives are accompanied
by a financial proforma, usually in the form of a net present value
cash flow analysis. In this manner, the firm can provide a client
with the means of making well informed cost-effective decisions.
A number of factors are considered in this asset oriented design
approach. Initial construction or renovation costs may be controlled
during design, for example, by:
· minimizing exterior surface to enclosed volume
ratios
· maximizing the ratios of usable versus non-usable
floor area
· judicious selection of exterior materials
· efficient and cost effective structural systems
· well coordinated structure and mechanical/electrical
systems
· selection of building materials and systems
which minimize construction time
· minimizing the size of space without sacrificing
usability
Owning and operating cost may be minimized by:
· energy-efficient design and systems
· materials and equipment with longer operating
lives and lower maintenance costs
· space designed for ease of adaptability to changing
uses
Revenues generated by building sales or leasing are also highly
dependent on the design of a building. These are potentially increased
through architectural design by first developing a thorough understanding
of the components of market demand for a building and then designing
the building to meet those demands. Understanding market demand
for a particular building and location can be accomplished by performing
an independent market analysis prior to design, by working with
the owner’s marketing representatives and/or working with brokers
who will eventually be selling or leasing the building. Architectural
factors which influence sales and leasing revenues include:
· flexibility
· security
· comfort
· visual quality
· amenity level
· finish materials
· furnishability
· views and orientation
The attached diagram
illustrates the firm’s overall asset oriented design approach.