Home means different things to different people. However, most homeowners will agree that a home is both an investment and a place of relaxation and renewal. A custom built home will clearly provide superior performance in providing renewal and rest as it is built with the homeowner’s taste and lifestyle as the inspiration. Additionally, homeowners that have purchased a home instead of building a custom home can utilize the design-build method to update and customize rooms. Doing so will improve the fit and functionality of the home with the added benefit of increasing the property value of their home. Design-build allows homeowners to increase the value of their investment.
Why Design Build
Design-build is a project delivery method that streamlines the process by re-integrating design and construction services under a single contract. The design-build method relieves the owner of the stress of being the middleman between the design and construction teams. The other common project delivery method, design-bid-build, requires the owner to manage separate contracts for the design and construction team. Under the design-bid-build method the contractor and designer can blame each other for unexpected problems and the associated costs leaving the owner with unplanned expenses. The design-build method saves the owner money by bringing the various members of the design-build team together before the design is finalized to address scheduling as well as constructability and cost issues. This unified approach transfers managerial and legal responsibility from the owner to the design-build team for any mistakes or design omissions. Studies show that the design-build method provides faster delivery time and lower costs than the alternate design-build-bid method.
Improved Property Value
Homeowners can also take advantage of the benefits of the design-build method by updating their home. Doing so will add value to the home and improve the homeowner’s enjoyment of their space. Incorporating green technologies in the upgrades can provide a return on investment from the start. Some projects tend to provide more value to the home than others. Projects that can have a significant impact on the property value include remodeling the kitchen, adding a bathroom and transforming poorly used space. A good kitchen remodel that updates and improves the kitchen without going overboard to make it too fancy for the rest of the house can offer returns on investment of 60%-120%. If a home only has one bathroom using design-build to add another bathroom can provide even greater results. The design-build method can be used to update unused spaces such as the basement or turn the attic into an additional bedroom, which will significantly impact the value of the home.
The Tennessee area design-build method of project delivery allows homeowners to create a home that works for their lifestyle and family while limiting the financial risks that can be associated with large projects. The opportunities to improve the property value of a home utilizing this method are significant. This method provides positive results for people seeking to upgrade their current home as well as consumers that want to build a custom home from scratch.