Architects in real estate development

sashimi46
Mon, 24 Mar 2008 23:51:59 +0000

I may be wrong but my assumption is not really, because they (architects) are not the ones investing in the project so they do not reap the rewards or losses of the project. architects are hired by the developers and are paid by the developers some standard fee that has nothing to do with the return of the investment by the developer. developers try to keep costs as low as possible so usually they may hire an architect that would offer the cheapest rates…but that is not always the case

of course there are exceptions if the developer agrees to give a part of the development to the architect in return for architectural services. the architect in this case only reaps extra reward if the return on investment is greater than what was invested. of course an architect could also lose money as a result of that. an architect developing his/her own project however is a whole different story…