As more restraints are being put on today’s developers building out the next generation of housing properties, a new wave of property styles are popping up that focus on efficiency of resource consumption and labor. The ability to reduce cost of investment and turn-around time is what most often stands in between a project idea and its actual completion.
Thirty-year veteran and CEO of Western Rim Properties Marcus Hiles shares, “Almost every property development project is likely to go past budget and intended deadline. This is due to the various factors of unforeseen costs and unpredictable impacts that a location can have on speed of production.” Whether it is regulations from building permits, shipping delays, depleted stock supplies, or labor issues; the undertaking of completing new development projects can often create a negative ripple effect on all involved that costs time and money. These factors combined have pushed the need for an alternative to be introduced into the development space that addresses the ongoing and unpredictable issues created by traditional building methods.