-This is a transcript from Go Gaddis Radio to listen to the episode click here-> https://on.soundcloud.com/DXeLC
Welcome back to Go Gaddis Real Estate Radio right here on AM nine 20. The answer. Are there such things as three D printed homes? You've heard of three D printers. Are they building homes out of. Using three D printers, and if they are a real thing, then what's the future of three D printed homes? My name is Cleve Gaddis.
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In addition to being the host of this radio show, I'm also a full-time real estate broker with a team full of agents helping buyers, sellers, investors, and landlords make the best decisions all over metro Atlanta When buying, selling, or investing in real estate, I am a. Leader of Modern Traditions Realty Group based in northeast Atlanta, but we do business all over metro Atlanta.
If you would like to work with us either on selling or buying or just have a conversation, uh, there is no situation too complicated. There is no, no deal too small for us to be interested in it. We live, eat, and breathe and sleep real estate and we would love to work with you. It's easy to reach us. 7 7 0 4 9 7 0 0 0 0.
Again, one more time. 7 7 0 4 9 7 0 0 0 0. I'm pretty sure you like everyone else out there has heard of the tiny houses, but what about three D printed homes? Do you think it's a real thing? I didn't. Would you consider living in one if it were a real thing and I. What's the future for three D printed homes if they are indeed a reality?
Ryan and Alpharetta submitted a question or a comment and a question. I saw a program on national TV last week that was about three D printed homes. Really? I've never heard of such a thing. Is that real? And the answer is yes. Back in 2019, the first permitted three D printed home in the country was built.
When you hear three D printed home, you may envision a farfetched, futuristic concept, but it's quickly becoming a reality and maybe a major advancement in creating affordable homes for underserved communities. And I didn't understand, as I started researching for this segment of the show, in some cases, how much cheaper three D printed homes can be built than traditionally built homes.
And I think it's gonna provide some great potential for helping us if we can make this work, helping us build a lot of the inventory that we need. I. Uh, in during the great recession, we probably built somewhere between 300,000 and 600,000 homes a year. We need between a million and 1,000,005. Even today, we're building 800,000, 900,000, a million.
So we're just short. I've seen predictions that we're short. I've seen estimates that we're short 2 million houses. I've seen estimates that were short 4 million houses. I don't know which is true, but the reality is we need more housing inventory. The first permitted three D printed home was just 350 square feet and was located in Austin, Texas.
For those of you familiar with that area, the printer used for the home. The Vulcan is designed with common constraints in mind for places such as Haiti, rural El Salvador, with unpredictable power, little technical assistance, and, and potable water, not even guaranteed. The c e o of Vulcan says. We feel it's our responsibility to challenge traditional methods of construction and work toward ending homelessness.
Now, that's something I believe we can all get behind. Three d Printing for homes offers advantages that may not be available in, uh, conventional construction methods. They offer. Nearly zero waste. And you know, I, that's a big deal. If you've ever been on a construction site where a new house is being built, there is waste and trash and debris and just take the wasted lumber, the ends of the two by fours and the two by sixes and the plywood that get cut off not used in the house and then ultimately thrown away.
So I think that's really cool. You'll also. According to Vulcan have speed, a much broader design palette. Next level resiliency, meaning they should be able to withstand storms and bad weather, and the possibility of a quantum leap in affordability. Uh, this isn't really 10% better. It's really 10 times better estimated by Vulcan.
The Austin home was printed in less than 48 hours. Now they just print the, the, the interior walls. The exterior walls. I think they still have to build a traditional roof, and then naturally they have to frame. Uh, any other areas on the inside of the home. Vulcan says their goal is to print homes in less than 24 hours.
The Austin home costs around $10,000 to create the printed portion only, but the hope is to create similar homes for as low as $4,000. My question for you, and it's something that I'm pondering myself, is would I live in a three D printed home? I think maybe I would. This segment of the show is brought to you by the law firm of o' Kelly and Sohan.
They're full service law firm with 26 offices throughout metro Atlanta. Joe o' Kelly was our expert advisor in the second segment of this week's show. His firm specializes in residential real estate closings, including home purchases, refinance, closings. Corporate relocation, real estate, contract review and title Insurance matters.
They can be reached by calling 7 7 0 4 9 7 1 8 8 0 7 7 0 4 9 7 1 8 8 0. Is there a subdivision, a subdivision, a neighborhood of three D homes being built? In Austin, the answer is yes. The use of the three D printing in home building, which we just discussed in a prior segment, is set to drastically expand in 2023 homes built using three D printers could be the hottest trend in the home construction industry.
Throughout 2022 homes built using three D printers have popped up across the world from a luxury house with printed walls in Austin, Texas, to a fully printed 400 square foot concrete. Tiny home in Denmark, the momentum won't be slowing by the end of 2023. They say we could be seeing people living in three D printed homes made of listen to this recycled plastic.
Those of you who are environmentally conscious, I'm environmentally conscious. Um, it'd be a good use of all of the recycled plastic or all of the plastic that in many cases is just litter. Today. I think that's really cool. They could, people could be studying in printed schools and reserving units for a hundred home community built with the help of several printers.
The housing market has been in Fluxx over the last few years amid the C Ovid 19 and inflation supply chain restraints, fluctuating demand and rising interest rates. Zach Manheimer, who's the c e O of three D printing construction. Startup Alquist believes printing may alleviate some of the sore spots in the traditional home building process using three D printers.
He says, to build houses reduces the time, the cost, the waste, and the physical labor. The majority of startups, I. Are only printing the layered walls, leaving the remainder of the home to be built traditionally, which I mentioned previously in this segment. A a traditional construction project that takes six to seven months to build concurrently be completed in five to six months.
Doesn't sound like a huge savings. My guess is they'll be able to complete them much faster because if you remember earlier in the segment, I said that a house was printed in less than 48 hours. Right now, printed homes are really only marginally more affordable than traditional homes, but these prices could continue to drop as more construction companies scale The use of three D printers, I.
His projections are correct. Manheimer says We could see three D printers at every construction site. By 2025 on the West Coast, Los Angeles, Los Angeles based Azure will begin delivering its accessory dwelling units. That's an additional unit built, typically behind another unit printed using recycled plastic in 2023 in Tampa.
Florida a startup, CH C P H three D, click Print Home and Alquist will begin construction on a new home that will be listed at approximately 600,000 and home construction Giant Lennar and icons. 100 home community in Austin, Texas isn't complete yet. In May or June of this year, they offered the first six homes.
For sale in that neighborhood. And it is amazing. I have actually gone online to take a look at these homes and they're listed anywhere from 475,000 up to 500,000 on average. They're about 1500 square feet, and uh, they, on the inside they look like a, uh, a typical home, the. The printer almost looks like, you know, I'm not sure what you call the thing that you actually ice a cake with, but that's what it looks like at the, the concrete mixture is being extruded through a nozzle and it's just one layer of what looks like icing after another.
On top of another. On top of another. So, fascinating stuff. In my opinion. Don't forget, we have got a real estate. Investing webinar, the six keys to Success in Real Estate Investing is gonna be held on Saturday, August the 26th, from 10 to 11:00 AM it's only a week from today and Wednesday, August 30th at 7:00 PM two.
Webinars one hour long. It's real simple. Go to Go gattis radio.com. Look in the upper right hand corner, you'll see Real Estate Investing Webinar. Sign up for it right there and we will see you either Saturday the um, Saturday the 26th, starting at 10 o'clock or Wednesday, August 30th, starting at 7:00 PM We're gonna take a quick break when we come back in our neighborhood.
Spotlight the Hattaway in Lawrenceville. And why do sellers pay buyer broker commissions and have there been changes over the years to that? And what might be in the future could be changing. Stick with us. We'll be back.