Business Central March 2024

90 | Nspire Architecture T T Kelly Deeks Getting the right outcome ‘our priority’ “The heat has come out of the market since Covid, but there are some developers out there who are looking to spend money as long as the numbers stack up.” ARCHITECTURE In business since 2008, Wellington’s Nspire Architecture has been part of the shift from traditional Kiwi homes to a more diverse range of dwellings more suited to a larger range of lifestyles, and looks forward to what is coming next for the future of building in Aotearoa. Darryl Lin started Nspire Architecture as a one-man-band working mainly in the house alteration sector. Getting busier he started growing a small team of friendly designers each with their own professional interests including bespoke design, interior design, commercial spaces, and high performance buildings. Nspire Architecture moved into alterations and extensions, bespoke new builds, and by about 2013, multi-unit and low-rise apartment developments became widely popular. “The National Policy Statement on Urban Development allowing councils to enable greater height and density, more migrants arriving in New Zealand, and the shortage of housing have many of our clients looking at knocking over a run-down house, maximising the site for medium density residential development.” High interest rates, rising costs, and barriers to bank lending have all contributed to recent stops on projects and certainly a lengthened planning phase as developers take their time to make careful decisions and get their projects planned exactly right before making a start. “The heat has come out of the market since Covid, but there are some developers out there who are looking to spend money as long as the numbers stack up. “If a developer can find a site that isn’t challenging, they will still look at the feasibility and if the numbers work, they don’t mind spending the money.” In this numbers game, Nspire Architecture provides services to two types of residential developers and while they each have different requirements, the numbers still have to work for both. The first type of residential developer is building homes to retain and rent out, or build to hold. They will see more rental income from more bedrooms but at the same time, they want to factor in quality of living with spacious rooms and a focus on amenities. The second type of developer is building new homes to sell, and this type of project usually has a quick turnaround. As part of their due diligence, developers building to sell will confer with the real estate industry on the market appetite and demand in their particular location. “With these projects, aesthetics will play a bigger part in the design process,” Darryl says. “Our clients will prefer their developments to sell quickly so they can move on to the next development.” In the Wellington region, Darryl picks Tawa and Johnsonville as hot areas for multi-unit development, with easy access to Wellington CBD and ample sized sections for developments that make sense. “We want to maximise sites while shaping exceptional and functional spaces for people to call home, and we work in close collaboration with like-minded developers to ensure their projects reflect how they want them to look, feel, and work. Getting the right outcome for our clients is our priority.” The knowledge gained from more than 15 years of Nspire Architecture gives its design team the capability and ingenuity to work in harmony with challenging sites, historical homes, spatial planning, and otherwise complex projects. • Kitchens and Cabinetry • Timber Windows • Timber Doors • Timber Staircases • Bespoke Joinery of any kind • Custom Machining Proudly Supporting Nspire Architecture (04) 387 2050 sales@commercialjoinery.co.nz www.commercialjoinery.co.nz

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