Real Estate and Construction

How about a Movable House?

Editor

29th Jul'20

How about carrying your home wherever you go? Doesn’t that sound interesting?  We own a house and live at one fixed place but love to roam around the city and travel across countries. But, the fact is, at the end of the day, we all miss our house. Be it using the bed of the hotel room or the restroom, they are all just a temporary solution. 

So, why don't you think of owning a movable home? 

 

What is the concept of a movable house? 

Prefabricated or prefab houses are the dream houses that we could have only imagined but now can own. These are houses built of transportable components that can be easily moved from one place to another. Some of these prefab homes are built on wheels as well. The privilege of a prefab house is that it significantly reduces the time of construction and is sustainable in nature. Also, since they can be customized, you can know how to plan a modern luxury house. 

 

What are a movable house?

But wait! What if you get to know that you can travel with your house? Yes, the technology and advancement of the human brain have a solution for all. Prefabricated or prefab houses are the dream houses that we could have only imagined but now can own it. These are houses built of transportable components that can be easily moved from one place to another. The privilege of a prefab house is that it significantly reduces the time of construction and is sustainable in nature.

 

 

Are modular homes and prefab homes the same? 

Well, this is a myth. A modular home, though built in a factory-like setting, is not a portable house. After completing the build-up parts differently, the builder just assembles them in one location. While designing these modular homes, you can also get yourself a 3D printed backyard for yourself. Some of these prefab homes are built on wheels as well.They are stationed-homes. While the prefab homes again, built in factory-like settings are mostly built on tyres or in a manner in which they can be transported from one place to another.  These concepts are some emerging trends in the real estate industry. 

 

Facts about modular/movable homes 

  • Modular homes are set on a permanent foundation and are transported only from the factory site to the location. 

  • Prefab homes can be transported according to the convenience of the owner.

  • Modular homes are accessed as real property and the owner has to bear the same taxes as on permanent properties. 

 

Advantages and disadvantages of having modular homes/ prefab homes 

 

Advantages 

  • Affordable 

  • Needs less time for construction 

  • Are customized homes 

  • Energy efficient 

 

Disadvantages 

  • To have a modular home, you need to have a piece of land in possession. 

  • You need on site plumbing, electrical hookups.

  • These types of properties can not really be financed by a bank - meaning you would have to buy with cash and sell (if you ever wanted to) through a medium like real estate auctions.

 

 

Startups are entering the industry

To set up a prefabricated house, Smart Housing Startups are entering the arena. Different methods are used to satisfy the need and requirement of the clients. Some Smart Housing Start-ups use the method of Prefab Home construction, where they bring in the constructed components at the site and assemble them. While others use the Modular Home construction method, where the move-able house is prepared at the factory.

 

Movable homes on Global Scenario 

The global demand for modular and prefabricated homes has increased by 2.7 percent per year as of 2019. If we look at the global scenario, the Asia/Pacific region dominates the market of modular and movable homes. However, as the housing market of the United states is undergoing a transformation, the markets of movable homes will only gain momentum if demand in the US accelerates. 

 

We at OpenGrowth, are committed to keeping you updated with the best content on the latest trendy topics from any major field. Also, both your feedback and suggestions are valuable to us. So, do share them in the comment section below.

 

About the Author: Amrita Sinha

Amrita is in the field of media. She has a deep inclination towards writing and public speaking. She aims to remove the stereotypical mindset of society. She loves to read and photography is her passion.

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.

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