Costs of construction to plummet significantly
Get ready for a tantalizing twist in the world of German housing! Federal Minister of Housing, Verena Hubertz, is gearing up to revolutionize the industry with her ambitious goals. So buckle up and let's dive into the exciting journey of making homes more affordable!
Here's the Lowdown on Verena Hubertz
The dynamic and passionate SPD political powerhouse, Minister Hubertz, has no intention of holding back. She aspires to halve the costs associated with constructing residential buildings, and she's ready to pull out all the stops to make it happen.
The Game-changer: Prefabricated Walls
So how does she plan to achieve this lofty goal? A significant aspect of her plan involves embracing prefabricated walls. Instead of the traditional on-site construction process, walls will be manufactured in a factory before being shipped and assembled on-site. This approach offers a myriad of benefits:
- Efficiency and Speed: Constructing walls off-site speeds up the entire building process, reduces labor needs, and, consequently, slashes costs. Imagine slashing between 30-40% off your construction costs per square meter!
- Quality Control: Factory-made walls are produced under controlled conditions, ensuring a higher level of quality and reduced defect risks.
- Environmental Advantages: Prefabrication promotes sustainable practices by optimizing material usage, leading to reduced waste and carbon emissions.
The Cost Killer: Perpetual Usufruct
Another crucial component of Minister Hubertz's housing strategy isn't quite as straightforward as prefabricated walls. She's set her sights on perpetual usufruct, a concept that allows individuals or companies to use a property for a significantly extended period (up to 99 years) without ownership. This extended use provides a stable long-term income stream, making investments more attractive and potentially lowering costs associated with property turnover.
Perpetual usufruct also helps secure financing for construction projects, as lenders may view these arrangements as more stable. This financial stability can lead to better loan terms and lower interest rates, contributing to overall cost savings.
The Nitty-gritty: The Future of Housing Construction
While setting a specific annual housing construction target wasn't included in the coalition agreement, Hubertz acknowledges the importance of increasing housing output. Last year's dismal production of around 250,000 apartments certainly won't cut it. However, with building permits on the upswing, Hubertz remains optimistic about the future of housing construction in Germany.
In the end, Minister Hubertz's housing strategy centers around streamlining approval processes, promoting modern construction techniques like prefabrication, and expanding land availability to bring a breath of fresh air to the realm of housing affordability in Germany. So, get set for more homes and less dough in the near future!
[1] Example Source: ntv.de, rog/dpa[2] Example Source: navien.de, B.A.U.M.
Tags: #Verena Hubertz #ConstructionIndustry #HousingConstruction
- In line with her ambitious housing agenda, Verena Hubertz, the influential political figure, is proposing changes in community and employment policies to boost the construction industry, with a focus on reducing residential building costs.
- The general-news landscape is abuzz with the progressive policies set forth by Verena Hubertz, as she tackles the politics of housing affordability through measures such as perpetual usufruct and prefabricated wall construction.
