Purchasing a pre-made modular kitchen or bathroom unit, has become a standard feature in the construction of traditional houses or buildings. Buying a prefab house and getting it assembled on your plot of land, is gaining popularity in developing countries.
Across the world, the timely construction of properties benefit both the constructor and homeowner. From the owner's point of view, early possession of a home or apartment, allows them the opportunity to earn rental income sooner, and save on the interest on the loan borrowed from the bank. Also, upon completion of the project the builder can reinvest the capital into new projects and earn further income.
The traditional 'brick and mortar' construction is giving way to prefab structures and materials. Prefab technologies can be used to build homes quickly and cost-effectively, especially as traditional construction costs continue to rise. As the cost of borrowing is steep in developing countries and land developers are facing a liquidity crunch, time is equal to money.
Prefab construction method is quicker and adds to the revenue stream of the developer. In prefab technology, the project can be designed using architecture software. Parts such as steel frames, wall, ceiling panels are custom-made. The components are then brought to the construction site , the structure is assembled on-site., together with kitchen and bathroom, doors and windows units being fitted into place.
The use of prefab techniques can also result in better cost efficiencies over the life span of the buildings. Normally, pre-engineered homes show better performance, as assembly-line-produced homes are manufactured to stricter norms, with cutting edge technology and reduce the number of manufacturing defects. Using prefab method in buildings also gives flexibility in terms of expansion and modifications.