The Economics of 3D Printed Homes Are Surprisingly Horrible
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The Economics of 3D Printed Homes Are Surprisingly Horrible
"According to the outlet SlashGear, the neighborhood encompasses five 1,000-square-foot houses just north of Sacramento. Each domicile is produced by a hulking concrete printer worth about $1.5 million, which took about 24 days to spit out the first house. In the future, 4Dify expects the whole process to take about 10 days, but that isn't what's astonishing about the Yuba County neighborhood - it's the price tag."
"Per SlashGear, the first house went on sale last week for a price of $375,000. Given that the median price for a home in Yuba County is $450,000, that might seem like a steal. The catch, however, is the price per square foot. At 1,000 square feet in size, the 4Dify homes come out to $375 per. Yuba County's median price per square foot is $268, per RedFin data."
"At that price tag, 4Dify's concrete yurts are comparable in cost to a 2,500 square foot custom-built home in Chicago's northwest suburbs - and that's without getting into the risks of maintaining or insuring a new type of dwelling, which is likely to have unpredictable pain points for owners as it ages."
4Dify fabricated five 1,000-square-foot houses in Yuba County, north of Sacramento, marketing the project as America's first 3D-printed neighborhood. Each house was produced by a $1.5 million concrete printer that required about 24 days to print the first house, with a company goal of reducing that to about 10 days. The first house listed for $375,000, below the county median of $450,000, but the 1,000-square-foot size yields a price of $375 per square foot versus the county median of $268 per square foot. At that per-square-foot cost, the homes are comparable to much larger custom homes elsewhere. Maintenance, insurance, and aging risks could create unpredictable costs. Until builders achieve scale and lower per-unit costs, 3D-printed homes are likely to remain experimental and comparatively expensive.
Read at Futurism
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