There are many good reasons why modular homes have fast become a popular alternative to traditional stick-built homes in over 55’s lifestyle villages.
Regardless of whether a lifestyle village sells or rents the homes to residents, the benefits to developers of using modular construction apply across the board.
In this blog, we’ll take a look at the advantages to developers in choosing to install modular homes for both greenfield and existing villages.
When it comes to lifestyle village developments, the biggest asset has already been invested in - the land.
Once the transaction is complete for a greenfield site, the clock is ticking as interest and holding costs remain as loans must be serviced. So the faster a development can get to market; the quicker returns can be earned.
In these circumstances, it makes little sense for that land to sit there vacant for a long period of time, waiting for stick-built homes to be completed, when the project could be earning revenue much more quickly. Modular construction allows for civils and home construction to be completed simultaneously, as they are happening at two different locations without any conflict. This facilitates a more efficient project completion.
The same applies in existing lifestyle villages, when homes need to either be upgraded and replaced — or when additional stages are opened up in the development.
Where existing homes are rented, these can continue to be rented whilst the new homes are being built in the factory, thus reducing any temporary negative impact on the bottom line.
So let’s look at the timeframes for modular construction vs stick-built homes. On average, modular home construction involves:
- Six - eight weeks to complete construction in the factory, plus
- Installation phase of around one week.
Compare this to an average of six months to construct a stick-built home and its clear how lifestyle village developers gain so many advantages with modular construction.
In some cases, depending on the season, additional delays due to inclement weather can seriously impact on a stick-built project. This will impact on both marketing and sales.
Aside from the overall reduced time, the real advantage with a modular build is the reduced impact of time on-site and interruption to existing residents.
As well as the one-week installation period being minimal, it can be smooth and hassle free because services such as water and power can be prepped for connection ahead of time, allowing development projects to be highly streamlined.
Modern and comfortable designs
As lifestyle villages are made to cater to over 55’s, the designs of the homes need to be comfortable, easily accessible and easy to maintain.
Ramps and disabled bathrooms can be easily and economically incorporated into any modular home design.
Maintenance requirements can be kept low through the use of reputable modern materials such as Bluescope steel as well as other thoughtful finishes like chrome door hinges.
This impacts both the immediate sales appeal of the homes in the village, and the potential for a low maintenance future as the project matures.
Reduced re-development costs
In some cases, the value-potential of land changes due to external pressure from growth in a particular area.
For example, as regional circumstances change, a block that was profitable as a lifestyle village may bring higher returns if it re-zoned as industrial land.
Clearly, any demolition costs will reduce the profitability of the re-development, and if these can be avoided, all the better.
Unlike stick-built homes, developers have the option to relocate modular homes to another development if land is sold or re-zoned in the future, instead of having to demolish existing buildings. They can be sold, producing additional revenue for the project.
Quality and consistency
The same high building standards exist for modular homes as traditional on-site construction.
All homes are required to be built according to the Building Code of Australia and reputable Queensland modular manufacturers will be covered by the Queensland Building and Construction Commission (QBCC).
Consistency in quality across each home is also more easily achieved due to the nature of the streamlined factory production process.
Supervisors are on the build daily. Materials are ready-to-hand. The factory is efficient and the workers are able to maintain high standards throughout the entire project.
This is a very different scenario to stick-built homes, where differences in quality can sometimes occur for a number of reasons, including weather damage during the construction process.
For example, imagine a storm rolls in over an on-site build when each home in the development is at a different level of completion. Those homes which are nearly completed will be protected, whereas homes which have just been started and still have framing and other components exposed to the weather can be heavily impacted.
This can lead to future problems — from issues due to warping through to corrosion or damage to other materials that were never meant to be exposed to wet conditions.
Modular homes on the other hand, are delivered to a site completely fabricated, eliminating the risk of differences in quality caused by bad weather.
Less interruptions for existing residents
As modular homes are constructed in a factory, there is considerably less noise and inconvenience for residents to deal with in existing villages.
Earthworks are minimal, so there are less tradespeople and on-site equipment needed.
Developers are therefore able to more easily grow a lifestyle village in stages without impacting on the comfort of their residents.
Want to learn more about building modular homes for lifestyle village developments?
Asset Cabins and Homes not only build and install modular homes; we can work alongside you during any stage of your development.
We are happy to discuss your project needs and which design options are best suited to your greenfield or existing lifestyle village. Simply click here to contact us.