The popularity of prefabricated housing among property buyers is increasing and this growth is expected to continue substantially over the next 10 years. The level of customisation that prefabricated housing permits, as well as the speed with which it can be constructed at a relatively low cost, makes it a sensible choice for anyone in the market for a new home.
Other reasons for the increased preference towards prefabricated housing include its ability to withstand wear and tear, the possibility of a high sell-on value due to its consideration as real estate, and the flexibility for future renovation. In contrast, manufactured housing tends not to age well, may depreciate in value immediately and is very rigid in design, restricting the possibility of customisation.
A defining characteristic of prefabricated housing is that the construction takes place in a factory as opposed to on-site, which greatly speeds up the process for two reasons – construction won’t be hampered by bad weather, and several different jobs can be done at one time, rather than tradespeople having to wait until one job is completed before they can do their work.
To see just why more and more house hunters are turning towards prefabricated housing, check out the infographic below from HalfPrice.com.au (www.halfprice.com.au).
