Quote:
Originally Posted by constructivism
Unfortunate that mistakes get made with finishing, but that has more to do the administrator for that specific project than the developer itself in my opinion. The paperwork isn't making it to where ever it needs to go. I have owned several Claridge units, and have never had any major issues. That being said, I have heard "horror" stories. I just take it with a grain of salt, there are always three versions of the truth.
As for the "cheap" interiors; If I buy say a one bedroom or a a bachelor condo with the intent to rent it out for x years, I would instinctively prefer finishes that aren't the best quality. They will likely get damaged and require replacement. When resale comes around, a unit striped of builder's finishes, whether that be Claridge, Charlesfort, Urban Capital etc. will fetch a sizable premium.
Your last paragraph is laughable at best, but it humours me so I will respond. Why hire large Architectural firms and pay their high premiums to design your structure, if the developer is the one picking out the colour of the brick and or glass for example. It would be far cheaper for the developers to hire some small local firm.
For this project, do you honestly think Hariri Pontarini aren't calling the shots on how this building will look? The developer will tell them what they want for height, possibly fsi, and provide them with a $/sqft, but it is up to the Architect to make it work. The developer may tell the Architect to get the costs down, but other than that I can't see the developer instructing the Architect on how the building will look.
Granted Architects rarely get a carte blanche, but within reason they are calling the shots.
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AHAHHAHHAHAHAHAHAH!!!! And MY comment was laughable.
First off, I've noticed you say
"in my opinion" quite often - I've come to realize after reading a few of your posts, in MY opinion your opinion is based on very, very limited real-life experience and quite possibly only on your experience with Claridge.
Secondly,
"Your last paragraph is laughable at best, but it humours me so I will respond"? Seriously? You actually typed that? Who died and made you the New Construction God? Oh wise, unfallable one, tell us how the relationship of a developer and architects works. We long to hear your input.... Actually, on second thought based upon your entire reply, I'm glad I added some humour to your day, but do us all a favour and skip the whole replying part.
Now for part that humoured me.....
"Unfortunate that mistakes get made with finishing, but that has more to do the administrator for that specific project than the developer itself in my opinion. The paperwork isn't making it to where ever it needs to go."
Do you honestly believe that the reason/issue for poor or shoddy construction is due to an administrative problem? It couldn't be the fact that Claridge uses the cheapest materials and couldn't finish a condo properly if their life depended on it, could it? Nahhh.... it's gotta be the paperwork. Is that the line Claridge tells their home owners?
"I would instinctively prefer finishes that aren't the best quality. They will likely get damaged and require replacement"
I think your instincts may let you down. While I do practice the "never buy the palace on the block" investment theory, I also don't take it to the other extreme and buy the crappy shed either. Price is definitely a factor when I am looking to buy a condo, but value is a more important factor to me. Like you said, when you buy a cheap condo with cheap finishes as a rental property, it's likely that after a few years many of these finishes will have to be repaired or replaced. I'm not sure if you're aware of this, but to install a new kitchen or flooring requires money, money out of your pocket. Let's look at kitchen counter tops as an example. Some condos offer very thin 3/4" granite while others offer quartz countertops. Granite, although feels like a very durable material, is actually quite porous and requires a fair amount of maintenance to ensure it doesn't stain or crack. Quartz, on the other hand, is a much more durable and dense material that repels stains, doesn't crack, can be used as a cutting board and in general takes the abuse a kitchen dishes out. The cost differential to install granite v quartz - about $1,000-2,000 more for quartz (depending on the size of the kitchen of course). Let's fastforward 3-4 years, after a few tenants have occupied the suite and you're looking to sell the condo. It wouldn't be too surprising to have to purchase a new granite countertop ($4000-6000 w installation) while the quartz would still look great and no repair costs would be incurred. That just one example of comparing a below average condo vesus a above average one.
If you take the time and do a little homework and compare a condo spec to spec, you'll see that there is something to be said about the durability and longevity of higher quality condos. And that's just the interior of the suite, I haven't even touched on the wear and tear of poorly constructed amenities will have on your condo fees - have you heard of a special assessment? Have you been to CP1 lately to see the condition of their common elements? For a building only a few years old, I hope their proposed budget called for amenities repairs and/or replacements within the first 5 years.
"I can't see the developer instructing the Architect on how the building will look"
Is it so hard to see that an employer/client (in this case the developer) will tell the employee/contractor (in this case the architect) what they want and how they want it to look?
In my opinion, it's a pretty basic concept to understand.