Officetel is a slang combination of the words hotel and office. It actually stands for a rest house, but it can also refer to a bachelor pad. According to social standards, it can be defined as a temporary residential unit usually for young urban people, often in and around a big city. The term was originally coined in German and has stuck despite the attempts of many English speaking people to change the spelling.
The original concept came from the idea that building a hotel floor in an urban setting would encourage young people to come and stay in the vicinity of their destinations. Thus, the design would act as a catalyst in attracting people into the business. To be able to do this, several different components were put together. They included a central tower, covered, multi-story concrete mega Columns surrounding the hotel floors, and other structures like elevators and parking garages. Together, they form a network, which provide a strong defense against the elements, as well as an attractive backdrop to whatever it is you might be doing.
While its strength lies in its location, its design gave it another major advantage: the architectural strength of the building. The two large concrete mega Columns, which make up the outer edges of the buildings, are designed to resist all sort of weather conditions, including earthquakes, hurricanes, and tornadoes. These are particularly important in areas where the infrastructure isn’t as reliable as it could be. For example, a storm that could affect a large portion of the Southwestern part of the United States wouldn’t have much of a negative effect on a building in the Pacific Northwest, since the strength of these storms is much weaker than in the northern region.
If you want your officetel project to be successful, you’ll want to have it constructed with superior construction capability. This is why most developers go with steel designs. Steel is more durable, stronger, and more resistant to the elements. Plus, steel frames are typically easier and cheaper to construct than concrete, making them ideal for a housing business. However, many developers choose to use concrete instead. The following article will discuss why this may be a better choice.
A mixed-use building is any type of structure designed for more than one use. In the case of a housing business, this means a building that has both residential and commercial tenants. It is more appropriate for a developer to choose a mixed-use building rather than a single-use one because the latter poses greater risk of natural disasters (such as earthquakes) or vandalism. For these reasons, you should look for an architectural firm that specializes in the construction capability evaluation of mixed-use buildings. A well-established, credible company will be able to provide accurate mixed-use facility assessments and can recommend the most suitable design to address your needs.
Another reason why you should consider an architect specializing in the construction capability evaluation of mixed-use buildings is the sheer volume of office space required for commercial and residential applications. A typical mixed-use building will feature retail outlets, service offices, restaurant spaces, and possibly apartments or condos. This large amount of floor space demands that your chosen architect examine the zoning requirements for your particular area. Additionally, your selected professional should also have an in-depth understanding of the existing regulations pertaining to purchasing and leasing of commercial and residential units. This includes everything from the minimum unit size requirement for lease or purchase agreements, minimum age requirements for buildings containing living quarters, and even requirements for placing setbacks on homes.
Another important consideration regarding officetel units and construction is the number of presales or preconstruction completions that are currently underway. In Seoul, there are many new developments that are either under construction or retrofitted from preconstruction. These types of projects include hotels, shopping centers, and condominium and office buildings. Your presales expert can assist you in determining the suitability of your proposed building with regards to the current influx of construction activity in the city.
Finally, your Seoul architect should be able to create a comprehensive analysis that takes into account the financing options available to you. Most major construction companies are partnered with banks and/or financial institutions that provide the necessary funding. Your presales expert should be able to discuss the various options open to you including interest-only and fixed rate mortgages. The presales specialist should also be able to create an economic model using projected sales figures and loan amortization rates to project future cash flows. Your selected firm should work closely with a qualified credit analyst to ensure that your financing needs are met and your expectations are fulfilled.