Evolving technology disrupts industries. One of the industries that have seen some of the highest number of disruptions is the real estate industry. The world is undergoing some innovations that are taking industries to a whole new level. For instance, additive manufacturing is a very intriguing new technology in real estate, it is called 3D Printing.
3D Printing is being used commonly for creating scale models of real estate projects and there have been successful experiments of 3D printed buildings. Currently, the houses that are being built using 3D printer are quite elementary and very basic. However, a 3D printer can build a basic small house in just a day. Therefore, if trend forecasts are right, 3D printing will revolutionize the real estate industry dramatically.
3D printing is considered as a solution for the housing crisis in developing areas since it is cost effective. Also, it is an affordable option for building homes for the lower economic sections of the society since the material used for building can be locally sourced which will make it easy in terms of logistics and availability. A home can be built in a matter of hours by simply adding the design to the printer, which saves a lot of time, money, as well as resources compared to if actual construction labour were involved.
In the near future, it won’t be surprising to see entire cities built using 3D printing technology since many companies are experimenting with different techniques to generate ways that benefit the real estate industry as a whole.