Big Island: New Homes at Half Price
A group of Kona companies have plans underway for 100 affordable new homes at about half the price of a typical West Hawaii home. Here, factory construction of all interior and exterior walls is a key element in minimizing construction costs. The Honolulu Star-Bulletin article also states:
"The homes, structured as low-rise, four- and eight-unit condominiums, will sell for about $250,000, which includes the price of the land, said Alan Dickler, president of Westpro Holdings LLC."
"In comparison, for West Hawaii homes under $1 million on the market now, the average price is about $600,000, while condominiums comparable to the Westpro units average $450,000."
Assembly of all 100 homes is scheduled for 2005's third quarter at the company's Seascape project, a 10-acre site.
This "modular" construction process is now used in about 70% of Oahu's new homes, and it is increasingly common in mainland construction.
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