Speed Design – Buying a House in a Fast Real Estate Market

“Speed Design” – Efficiency is Key in this Fast Market

It’s a pretty crazy real estate market these days. Many older homes in the metropolitan Seattle area are getting multiple offers with escalation clauses and bidding wars once again. There are not a whole lot of houses available for sale and so when  house come on the market, it seems like everyone is interested!  Sometimes a house will come on the market on a Wednesday and “offers are accepted” the following Tuesday. This leaves buyers without much time to make decisions, and less time to really understand what they can do with their homes.  That’s where we can help — that’s where design-build can really help. As experienced Seattle architects and as skilled contractors, we can look at a potential house and put together a design and a cost pretty quickly — sometimes, right on the spot. Then our client, the buyer, will know whether it’s feasible to improve the property and how much it will cost. Good information for a buyer in a rush!

We’ve done several of the “Speed Design” concept lately

Queen Anne, Wedgwood, and Bellevue have been the most common for the Speed Design”. Potential owners were looking at houses in the $400K-$700K range and needed to know how much opening the plan and creating a new kitchen would cost, or how much a second story would cost, or how much a two story addition would cost.  We were able to brainstorm ideas at the property and rough price them.  In several of the cases, we sketched out plans and priced them so the owners could see what they were getting and how much it would cost.

The $415K house became a $650 finished house; the $650K house became a large two story 1.1M house, and the $525K house became a much more open,  larger and contemporary $850K finished family home.  As it turned out, these were better deals than the equivalent priced houses because not only were there additions, but the rest of the house house was upgraded as well.

 

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