3D printed homes in Florida could explode due to rising house prices
3D printing is a new technology in home construction that challenges the traditional way we now build homes. The traditional method currently has a long lead time, increasing labor costs, shipping costs, and vacancy costs. He also has problems with the ever higher prices of traditional building materials.
3D printing companies hope to sidestep these issues and create an affordable, scalable home that will quickly reduce the number of renovations and repairs required. Here are some of the reasons 3D printing can explode in the Florida real estate market.
Housing in Florida continues to rise
Florida home prices have been rising steadily since the housing market crash in 2012 from 254k to 282k in one year. It grew at an even faster rate from 2020 to 2021. Lack of supply in the market is one of the many reasons housing prices are rising.
This is mainly due to the fact that residents keep their homes alongside fewer skilled workers in the residential sector. There is also an increase in demand due to Florida’s many residential advantages. These rising prices leave future residents and movers looking for less expensive solutions like 3D printing.
3D printing material is ideal for Florida storms
Storms in Florida can take a huge toll on Florida life. 3D printing with a resilient concrete solution can solve this problem for home buyers at a lower price. This weather resilience is not only great for lowering costs in the long run, but also for homebuyers who have faced devastating weather conditions and cannot leave.
Energy saving material in Florida heat
Moderately high temperatures in Florida can result in moderately high energy costs in the spring and summer for traditional homes. Concrete material can outperform traditional houses due to their outperformance in insulation standards. Surpassing traditional standards, home buyers will be able to achieve greater savings than other listings.
Pest resistant material
In spring and summer, the mild temperatures make it ideal for the breeding of certain pests and insects. Good pest control and pest prevention are ideal in Florida. Concrete structures resulting from 3D printing will allow an additional layer of protection against pests. There will be no exterior rot and no cracks to be feared on the exterior of traditional windows and door frames.
The interior can be renovated
A base of techniques for building 3D printed houses is under development. Yet a common tactic used by industry leader Icon is to build traditional frames inside the home when homeowners want to renovate in the future.
An adjustable frame allows homeowners the freedom to change their structure in the future. Their tastes may change with the house trends, or they may need to sell the house depending on the tastes of the current market.
Real estate investors will benefit from the situation
Real estate investors can be the first players in this sector. Their additional knowledge and capital can help introduce the idea of houses and take the risk of production and costs because of their advantage. They will be able to get higher margins because of the price and have design as a selling point, growing demand and awareness of 3D printed houses.
What could be preventing 3D printed homes from becoming booming?
There are not enough subcontractors capable of carrying out 3D printing. They need the tools and the know-how to even begin to consider entering the industry. 3D printing houses will become more like them by learning a whole new trade. They also don’t know the regulations and whether their standard contractual license will suffice. Even those with a background in engineering and 3D printing still need to get a contractual license and a fair amount of capital to start.
Florida home prices are up 38k from average prices last year due to demand. Pricing encourages residents or future residents to seek new housing methods. 3D printing houses may be this new method due to the resistance of concrete to weathering, water damage, pests, mold, and high temperature energy loss.
Real estate investors will most likely be the first to step into action because of their knowledge of the market, their capital and their upside potential. The only bottleneck is the number of subcontractors with experience in 3D printing and experienced engineers unaware of the regulations.