DALLAS: No longer the domain of mine sites and holiday parks, a new wave of modular home builders is taking inspiration from shipping containers to create luxurious homes at an affordable price.
“We’re selling about four a month, and some of them are for granny flats, but most are people looking for a long-term home because they see it as an affordable alternative,” said Hitek Living Solutions founder Sanjay Goel.
The Indian-born businessman is the latest to join a wave of modular home builders capitalizing on rising demand for affordable housing, with prefabricated homes that save on building and site costs.
The proliferation of modular home parks for over 55s is stoking demand in the sector, but young buyers looking for homes and older home owners looking for an additional rental stream or overflow accommodation for adult children moving back in are providing a growing customer base…