Seed Eco-Home 4 Industry Standards
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- 200 sf at $16k from Home Depot [1]. Review -"Pathetic. This is not a house. It is a shell labeled as a house to entice buyers. You don't get mechanical, electrical or plumbing. By the time you add in all the items needed to attempt to make it a house and permit it the price per square foot is not worth it. Don't be fooled by the price people." No doors, windows, insulation, MEP. Just a shell - less than a shell as it has no insulation. Not even skin! Really expensive!
- Pallet - 64 sf [2]
- ADUs in Cali - sell for up to $1.6M and cost $300k to build (max size 1200 sf) [3]
- Tinybox (2023) - digital nomad housing with closed loop water. [4]
- Module - [https://www.pbs.org/video/module-pittsburgh-pa-fizv97/.
- $1M, 4 houses, mixed low income + market rate. 2 banks. $100k subsidy from local paperwork. First time minority buyer. And corporate?
- Same build cost as traditional construction
- Uses existing factories
- Got 50 foundations to fund their own factory. for 200 homes per year, 95 people. Opening 2024.
- Crane and shipping offsets cost savings of factory build. Price same as market at the end.
- Same design philosophy - better materials and appliances (superefficient) to make operating costs lower.
- Did 10 houses so far.
- Fragmented industry. Architect/ builder, etc.
- Zero energy ready
- Build - 13 plugs come together to connect Floor 1 and 2. Plumbing comes together to a single point.
- Cost of interest is big advantage for fast builds - interest adds up in a $10M project
- Boxabl
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- Homelessness is a housing problem [5]
- RVs for homeless in LA - there are some streets where you can sleep in your car - [6]
Working Doc
Module
Very similar product to Seed Eco-Home - except they contract existing modular home factories.
https://www.pbs.org/video/module-pittsburgh-pa-fizv97/
They are building a factory for 93 people to produce 200 homes per year. Our model is 24 people for 96 homes per year once we achieve the 500 hour superefficient build for 1300 sf. A bit of work till then. Same concept of superefficiency. All electric, 'zero energy ready' for them, we include 6 kW PV in the base model so we are 'zero energy' using their terms. Our advantage is also 50% lower build cost. According to their numbers, they are at 2000 hours per house. Video mentioned that build cost savings are countered with shipping/cranes - so their build cost is the same as market rate.
Comparable Homes
Investment Benchmarking
- Make! Is doing $20M raise? [9]. Study it for relevant lessons. Ours is more specifications-driven vs community driven - distinction being the level of Agile Waterfall. Our product is physical production via education, Make is faires that promote lifelong hobbyist learning.
