Architectural Masterpiece Versus Just Another Building: Uncovering Real Estate Value Through Design

An architectural masterpiece is a building that has been carefully designed by the architect to highlight a particular uniqueness.

Buildings like the Sydney Opera House built between 1957 and 1973 and designed by architect Jorn Utzon of Denmark are masterpieces that will forever become important landmarks due to their unique designs.

An example in Kenya is the Kenyatta International Conference Centre, which has graced the front pages of postcards for years since it was built.

Rahimtulla Natural Stone Finishes

The KICC building was designed by Norwegian architect Karl Henric Nostoric in 1967. The architect was inspired by traditional African architecture, primarily the hut. The late President Jomo Kenyatta was also instrumental in guiding the architect regarding the African concept.

This produced a unique architectural masterpiece that unanimously won the hearts and eyes of many Kenyans to be the best designed high-rise building in Nairobi.

The use of a single color and rough texture on the exterior that resembles the traditional African adobe house increases the aesthetic appeal in that it is comfortable on the eye, it does not look too “busy” like other high-rise buildings. that have various colors. and textures on the outside.

The perfect balance achieved through the form of the tall structure versus the pyramid also helps create the aesthetic appeal.

No other building in Nairobi CBD can compare to KICC.

UNLOCK VALUE

Buildings that have been designed to be unique tend to give their owners better returns in terms of rentals.

Since the buildings are attractive, they will always have a higher rental demand, so the rent skyrockets. Most affluent institutions require buildings that are landmarks in themselves. This helps in your marketing as your customers can easily relate to your location and thus more business. In turn, it functions as a win-win situation between the landlord and the tenants, as the landlord charges a higher rent while the tenants have more clients due to their prestigious and conspicuous physical address.

PROPERTY VALUE IMPROVEMENT

Developers who acquire land in an area that is generally considered undesirable can use architectural design to increase the value of their real estate.

A good example is the Motor World Center at the Jogoo road/Landhies road roundabout. The area has several neglected buildings that would not fetch competitive rents in the market. The Motor World Center has been uniquely designed to be highly attractive, therefore its true potential is realized even though it is surrounded by unmaintained buildings.

RESIDENTIAL REAL ESTATE

Uniquely designed residential buildings always attract more tenants than ordinary ones. In Kenya, unfortunately, the housing deficit is about 100,000 units per year, which means that even poorly designed buildings will attract tenants. In other countries like South Africa where the housing deficit is not high, its design is what sells. Well designed houses will sell faster than poorly designed ones. Therefore, most developers in these countries tend to put a lot of emphasis on design in order to attract buyers and tenants.

Since buildings last for tens of years, it is recommended that a developer ask their architect to come up with a unique design, because as time goes by, the housing deficit shrinks, so there will come a time when the design will be the most important. factor to attract good income.

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