The property market has been relatively slow in adopting new ideas and technologies. Whilst developers are getting to grips with new apps and tools which can support the entire project cycle, the methodology used on site still has some way to go in terms of reacting to modern day techniques. Modular building is becoming more familiar. On the other hand, there are still big knowledge gaps. If there is full investment in the process, the benefits of modular construction can be huge.
For Laith Mubarak, Click Properties, modular builds are his sole focus. The opportunity this presents is vast; speeding up processes in a closed and controlled environment is a huge benefit. It is well known that simple factors beyond a developer’s control such as the weather can be incredibly disruptive to traditional build methods and the knock-on effects it could have are significant. With modular builds, developers can confidently provide project completion dates, accurately calculating how long each individual process will take. The key is consistency which is something that you get very little of on a traditional site.
Currently, the biggest problem with modular development is that people are not yet comfortable with its methodology. Modular schemes require a different type of developer to support them and the start-up costs are undoubtedly high. Additionally, there is the view that buyers aren’t willing to pay as much for properties not constructed from bricks. There is a lower value associated with houses that are not as solid as a traditional home.
Subsequently, as people get more familiar with the process and its benefits and therefore, be willing to pay more for maintaining quality and consistency.
In general, projects require a huge work force and in that, there is a high turnover of staff. This creates knowledge gaps, delays and impacts the quality of a scheme. On the contrary, in a factory, a buyer can expect the same quality no matter which house they buy. The ‘experience’ should be the same for every buyer, a control which has never been in place before.
Whilst it is easy to appreciate the benefits of modular builds, the challenge will be finding developers that are able to take on this huge task. Click above to watch the full discussion on modular builds.