Research conducted by the University of Melbourne and Architeam Cooperative has found that houses with renovations designed by small-practice architects outperformed non-architect-designed houses on the property market.
The research compared the aggregate value of two groups of properties: an architect-designed group and a non-architect designed group.
“For every dollar that was spent on engaging an architect, the property gained $11.40 in capital appreciation. For example, on architects fees of $10,000, the added value after ten years would be an impressive $114,000. So, whilst architectural services fees might seem high when compared with going it alone, the value returned on this investment in the long term is much higher.”
Source: www.architeam.net.au
Read the full ArchiTeam Cooperative article here.