3D-printed homes may not be commonplace, but nearly half of Americans are open to buying this type of residence.
A new survey from LendingTree found 49% of respondents said they would consider purchasing a 3D-printed home if it met their price and location needs. More than one-third of respondents (36%) believed this kind of construction could make homeownership more affordable over the next decade. However, one-quarter of respondents (25%) said they would not consider this option.
The biggest concerns Americans have with 3D-printed homes are durability (40%), construction quality (39%), building code compliance (31%) and resale value (29%). Just over one-quarter (26%) said they’d need at least a 20% price discount to consider buying one, while 27% said they’d need a 5% to 19% discount and another 7% said they’d be happy with a mild 1% to 4% discount.
“The challenge is often less about the printer itself and more about proving that the home behaves like a traditional home from a lending and resale standpoint,” said LendingTree’s Chief Consumer Finance Analyst Matt Schulz. “If the paperwork is clean, the inspections are complete, the appraiser has good information and the local market understands the property, financing may be much more straightforward. If any of those pieces are missing, buyers could run into delays, extra questions or a tougher appraisal process.”
LendingTree commissioned QuestionPro to conduct an online survey of 2,001 adults from July 2-8.
Photo courtesy of the Defense Visual Information Distribution Service
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