Technology has fast taken over some major sectors in Nigeria. One of the first sectors to be impacted by technology in the financial sector which introduced FIntech. The real estate sector is slowly beginning to adopt technology and its innovation. PropTech (also referred to as Property Technology or Real Estate Technology) is the acronym used to describe any technology, usually of a digital nature, deployed for the real estate space. Proptech seeks to address real estate or property industry issues. Although PropTech has not gained widespread adaptability and uses in Nigeria compared to FinTech, there are certainly some positive signs.
The technology of 3D printing is no more alien to us as the reality of choosing a site for building our homes with the use of printers and raw materials are crystal. 3D printed homes are built using the process called “additive manufacturing.” This process builds the house’s structure layer upon layer utilizing a unique concrete printer. 3D printers can build the foundation, exterior, and interior walls (i.e. the structure’s structure). 3D printing can revolutionize the real estate sector in various ways. Below are 4 Ways 3D Printing can Revolutionizing the Real Estate Industry:
1. Affordable housing: In Nigeria today, housing has become very unaffordable for the average middle-class income earners, this, however, shouldn’t be so. This is one challenge that has affected the real estate sector. With 3D technology, this would be solved effectively.
One of the numerous reasons houses are unaffordable is because of the high cost of building materials, expensive labor, and hike in logistic prices. With the help of 3D printing, this challenge will be easily solved.
2. Easy Home designing: More often than not because of contractors failing to deliver what was expected, people get frustrated with building their own home. Sometimes when they eventually deliver, it does not meet up with the standards or it lacks originality. 3 D technology provided you with the opportunity to design your home how you wish. You do not need to worry about the disappointments from contractors and the likes.
3. Housing in small spaces: There are some spaces in the country which are not favorable for construction. Some are inaccessible and taking building materials and equipment to these is almost impossible. But because 3D printers do not take too much space, it will now be possible for real estate developers to develop even the currently inhabitable and inaccessible areas.
4. Home décor sector: When it comes to home decorations and designing, it is quite difficult to customize your home without breaking the bank. However, with 3D technology, what you imagine can be actualized. This technology has been used all over the world to print customized residential faucets, frames, wall art canvases, and vases, among other home improvement things. Your options can never be limited to 3D printing.
3D printing once set in motion, can uncover new possibilities and develop from that; that’s the basis of the scientific process. What matters for now is that there is no doubt that 3D Printed Homes are, if not the future of the real estate sector.
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