The modern off-site building method of prefab and modular homes delivers a streamlined process which is less affected by supply issues and external factors. With modular, you’ll work with expert designers, support sustainable building practices, and move into your quality home faster.
In recent years, there has been a growing trend in the construction industry towards prefabricated homes. Sweden leads the way in this field, with 84% of all new homes being built using prefabricated elements. The market for prefab homes in Australia is expected to grow at a compound annual growth rate of 7.5% over the next five years, due to the construction boom during the pandemic and the growing awareness of the speed, efficiency and quality of modular homes.
What are Prefabricated Homes?
Prefabricated homes are houses that are built using prefabricated elements, which are manufactured in a factory and then transported to the site where they will be assembled. This type of construction is different from traditional construction methods, which involve building homes from scratch on-site. The prefabrication process offers a number of advantages, including reduced construction time, improved accuracy and quality control, and reduced waste.
Benefits of Prefabricated Homes
There are many benefits to prefabricated homes, both for home buyers and for the environment. One of the main benefits of prefabricated homes is that they can be built much faster than traditional stick-built homes. This is because the manufacturing process takes place in a controlled environment, which allows for better quality control and reduced construction time. Additionally, prefabricated homes often use less energy to construct than traditional stick-built homes, due to the fact that they are typically made with more efficient methods and materials. Finally, prefabricated homes generate less waste than traditional construction methods, since any unused materials can be recycled or reused.
Prefabricated homes are sometimes considered as small and “closed infrastructure”, however this can be improved by introducing some large decks, or outdoor areas connected to the main construction such as light pergolas with roofs which generally serve as home extension.
The Cost of Modular Homes
A modular home is a home that is built in a factory rather than on site. Modular homes are becoming increasingly popular as they can be built quickly and efficiently. But what is the cost of modular homes? Let’s take a look.
The cost of modular homes can vary depending on a number of factors. The size of the home, the materials used, the location, and the builder all play a role in determining the cost of a modular home
On average, modular homes cost between $50 and $100 per square foot. So, for a 2000 square foot home, the cost would be between $100,000 and $200,000. This is cheaper than traditional stick-built homes which can cost between $150 and $250 per square foot.
One of the reasons why modular homes are so much cheaper is because they are built in a factory setting. This means that there is less waste and fewer mistakes made during construction. It also means that construction can be completed more quickly as all the tradespeople are working in close proximity to each other.
The Current Economy
The current economy is one that is ever-changing, making it difficult to predict what will happen in any given year. This year has been especially volatile, with a global pandemic causing widespread unemployment and financial insecurity. In times like these, it’s important to have a stable place to call home—somewhere you can retreat to when the outside world feels too chaotic. For many people, that place is a modular home.
Modular homes offer all the same amenities as traditional stick-built homes but are constructed off-site in a controlled environment. This means that they are less susceptible to delays due to weather or material shortages—two factors which can easily throw a wrench into the construction of a traditional home. In addition, modular homes are built to higher standards than traditional homes, meaning that they are more energy-efficient and require less maintenance over time. For all these reasons and more, modular homes offer peace of mind in an uncertain world.
When weighing your options for a new home, be sure to keep modular homes at the top of your list. The current economy is unpredictable, but with a modular home, you can rest assured knowing that you’ve made a sound investment that will last for years to come. Thanks for reading!