Is industrial housing a part of real estate?
Industrialization has the most significant role in the current world economy. Therefore, persistent and continued analysis can be very helpful for all those who sow interest in industrialization and economic development. The same is in the case of a model of housing construction that is not something new. Many companies have been doing housing construction since 1970 globally. Still, in its infancy, the experts project it as one of the engines of change in real estate, not only as a model for the production of new construction but also in urban rehabilitation and regeneration. Do you want to know why?
Until now, real estate development under industrial housing has been slowed down. However, today industrialization has begun to be the focus of large developers. Moreover, real estate has been initiated to associate this construction model with an efficient, digitized, and flexible process, which will make it possible to shorten the long-term execution of projects of the current productive structures by using construction takeoff services.
The professionals have taken some significant steps already to make industrialized housing a reality. Precisely, the need for training and collaboration between all the agents. It is also involved in the value chain (technicians, builders, and operators) is one of the great challenges of industrialization highlighted lately.
Security for the promoter
The uncertainty about the costs of industrialized housing is a brake on the take-off of this construction technology. The sector needs certainty. Only by following this way, the market receives the boost it needs, from all parties, including financing. Which will have to generate products adapted to the particularities of the process. Housing is not built where it will be located but in a factory many miles away.
Advantages of Industrial Housing
The promoters, for their part, are already beginning to see industrialization as an option to create ad hoc products that meet specific customer needs. Some of the main advantages of industrialization compared to traditional construction:
- It allows programming production times, adapts deadlines to the promoter’s needs, and ensures quality standards.
- Development in a controlled environment, such as a factory, increases the safety of workers, reduces the number of work accidents, and creates employment opportunities for different professional profiles.
- It generates investment opportunities for all the actors by using Xactimate estimating services involved in Real Estate, from promoters to insurers and financial entities.
- The modular 3D industrialized house allows significant adaptation.
- It minimizes waste in construction, generates fewer leftover materials, and pollutes less.
- You can introduce innovation and digitization in the business strategy.
- Reduction of delivery times between 30% and 50%
Industrialized housing production implies a safer and more efficient process than the traditional one. However, it is important to keep in mind that we cannot industrialize all projects: the degree of standardization. What percentage of integration will be undertake in the factory, and the repetitiveness of the process, among other factors, will affect the costs and profitability of the projects.
If in the traditional process for the development delivery of 80 homes, the average term is 20 months. With industrialization, we can reduce it to 14 months. And it is also possible to work simultaneously on the construction and foundation tasks of the building with construction estimating services. You can also assemble parts in the factory carried out in a controlled environment.
Cost savings and fast ROI
The savings in the costs of an industrialized home is a direct consequence of the savings in construction times. This also allows a return on investment that you can obtain more quickly. Generally, it depends on multiple factors. One of them is the distance between the plot where the house is located and the production house or factory.
Less environmental impact and more safety
In addition to promoting the use of sustainable materials. The reality is that we can carry out that part of the tasks in a single closed area that facilitates the control of all emissions by reducing the environmental impact. The basic element in this type of industrial housing construction is the three-dimensional (3D) module or cell with the coordination of Xactimate estimating services.
Such as an assembly line. We need to carry out work in a controlled environment. You can consider loading materials or exposure to inclement weather can be heavier tasks. However, reducing health risks is very important to keep the environment safe and protected.