Introduction:
Before the advent of family architecture, architecture tended to focus on the structural functions and aesthetics of buildings.
The structural functions considered in this case include “lighting”, “ventilation”, “accessibility” and spatial arrangement, while aesthetic considerations focused on ornamental details, symmetry and proportions of the materials used.
However, the world of architecture is evolving and becoming increasingly family-oriented. In other words, architectural considerations are aimed at improving the family’s quality of life and meeting its changing needs over several generations.
How does family architecture work?
Simply put, family-centered architecture involves designing living spaces that meet the various functions and needs of a family. The family architecture approach improves the quality of life of families by creating an environment that is conducive to various functions and activities within the family. Factors such as “use of space”, “safety”, “needs for community and privacy in the family”, “accessibility” and convenience for people of all ages are also taken into account.
In cooperation with institutions such as family offices, family-centered architecture helps to improve the quality of life of families across several generations. Let us now examine what role family offices play in creating spaces that contribute to the well-being of families. Let’s dive in!
How family offices influence life
Family offices have been around for centuries. Over the years, family offices have evolved from purely administrative functions to “managing investment portfolios” and “assets” and helping families navigate complex financial markets.
By definition, family offices are institutions that manage the assets of wealthy families and help them to preserve their wealth over several generations. In other words, family offices are something like “financial custodians” for wealthy families. This is because family offices manage financial matters related to the growth of investment portfolios, estate planning (or administration), tax planning, etc. They manage and preserve family wealth efficiently over generations and prevent it from being wasted by subsequent generations.
Family offices also ensure that families’ financial activities comply with applicable laws in order to avoid violations of legal provisions. It is fair to say that family offices are modern substitutes for investment banks. But how do family offices influence the quality of life of families? Read on and find out!
Practical possibilities of the influence of family offices on the living space
Family offices actively work with architects/designers to ensure that living spaces are designed to suit their clients’ tastes. They use their specialist knowledge and play a decisive role in the implementation of innovative ideas that set new standards in family architecture.
Prioritization of functionality
One of the ways in which family offices influence living is by favoring practical solutions that improve everyday functions in the home. In this way, they ensure that the living spaces are beautiful and meet the needs of the family. Some of the practical solutions that family offices prefer are;
- Providing adequate storage space, such as built-in shelves, cupboards and storage units, to avoid clutter.
- Improve circulation within the home by designing corridors that allow free movement.
- Ensure use of durable materials to withstand wear and tear from daily use.
- Ensure rooms in the home can be easily reconfigured to adapt to changing family needs.
Personalized home designs
This is another way in which family offices can exert their influence. They work closely with architects/planners to ensure that the design The elements in the home are tailored to the customer’s lifestyle and preferences. This level of personalization is at the core of family architecture and is designed to ensure that every aspect of the living environment is tailored to the way the family interacts and lives on a daily basis.
Optimization of space travel
In modern homes, space is an important prerequisite for quality. Through careful planning, family offices help families choose designs that support spacious living spaces without compromising on comfort or functionality in the home.
Integration of environmentally friendly practices
Sustainability is the future of life. As a result, family offices have also become big fans of environmentally friendly and sustainable practices.
Architectural projects supervised by family offices take sustainable features into account. To reduce the ecological footprint of construction, family offices promote the use of energy-saving devices and renewable energy sources.
Some examples of energy-saving appliances and renewable energy sources they use are;
- Solar panels
- LED light bulbs
- Energy-efficient appliances such as refrigerators, dishwashers and washing machines
- Smart thermostats – have a built-in voice assistant and help control temperature and other functions in the home.
- Wind turbines – use wind energy to generate electricity/power supply.
Intelligent building technology
Family offices are generally familiar with the latest technologies. They work with experts to ensure their customers’ homes are equipped with family-friendly appliances that make life enjoyable and comfortable.
Ensuring an appropriate room layout
Family offices also work with family architecture experts to achieve an appropriate layout for different areas/rooms in the home. They also ensure that areas allocated to different areas do not hinder free movement or circulation within the house.
Other areas influenced by family offices
- Asset management & asset preservation
Family offices act as financial advisors for wealthy families. Through their advice, they help their clients to make informed decisions that lead to the growth of their assets and investments.
- Social and economic contribution
In addition to family architecture, family offices are also active players in tackling economic and social problems. They address economic/social issues by investing in poverty reduction programs, infrastructure or housing projects.
- Business start-ups
By entering into partnerships with companies or investing in companies, family offices provide appropriate support that promotes the rapid growth of companies.
- Planning for the future/preserving the legacy
Family offices ensure a smooth transfer of wealth from one generation to the next. They work with the initiators of the assets in the family to settle important issues such as the distribution of family assets and the transfer of leadership.
In addition, they prepare adequately for succession by encouraging their clients to manage their wealth through foundations, trusts and support for educational initiatives.
- Lifestyle management
Some family offices also offer services to help families manage their lifestyles, such as hiring staff, planning family trips, coordinating family events and accessing luxury services.
- Risk management
Family offices help wealthy families avoid unnecessary fines due to negligence in complying with legal and tax laws. They develop compliance strategies that help families to safeguard their assets over several generations. In other words, they act as “gatekeepers”, helping wealthy families to avoid problems and secure their finances for many generations to come.
Conclusion
In short, family-oriented architecture plays a decisive role in how families live and design their homes. Family offices are also important players in the creation of family-friendly homes. With a proper understanding of creating comfortable living spaces, family offices are able to develop spaces that meet current and future family needs across multiple generations.
Family offices pay close attention to the work of architects and designers to ensure that their clients’ homes are not only visually appealing but also comfortable to live in.
