Video: This modular house that unfolds in EIGHT minutes could transform the world of real estate

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A brand-new concept, the folding home, has been developed by British company Ten Fold Engineering. The modular house can construct itself in just eight minutes without builders or cranes.

The ‘home’ simply arrives on the back of a lorry and unfolds into a property that is ready to live in. With the press of a button the flat pack house unfurls itself and can be put away again just as easily.

The properties can be customised but come complete with pre-installed fixtures and fittings and are 64sqm in size. Even the furnishings are included in the package as they too come in a folded state.

The fold away homes cost just £100,000 (THB4.4 million) and don’t require owners to purchase any land. This will surely appeal to first-time buyers and the fact that they erect so quickly will be seen as an added advantage.

The inventor and architect, David Martyn has been working on the concept for seven years and was inspired to do something after becoming concerned about the high rents that his children were paying in London.

“The idea is that this technology could easily make a £100,000 home affordable. It could make the option for someone to own a building who doesn’t own the land,” Martyn said.

“It will allow the young to get a building without owning the land, it changes the dynamics of the market, which does need to change, because it is a transportable property asset.”

The Ten Fold design has several other potential purposes aside from homes such as classrooms, medical centres and shops. It is also planned that the technology could be used to develop mobile stadium seating and bridges.

The idea is only in the concept stage at present although six working prototypes have been made and it seems there is plenty of interest from abroad with 3,000 folding homes planned for South Africa.

Via: Mail Online

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