What determines when and where Kasita homes will be available?
A number of factors. It depends on the density of orders we get from a particular area. Also, the order in which folks pay. It also depends on the distance from our one existing factory in Austin. We plan on building more.
You know, the other thing around housing in that it's not actually very scalable. I was just talking to these people in Europe that are building traditional small homes and they said they planned to build 450 units by 2021. Well, we can build 15 million cars in a year. And our houses are actually a lot easier to build than cars. So we should be able to make housing like cars, with multiple factories and a much higher rate of production.
How many houses is your company currently assembling?
We have two right now. We're still trying to figure out the manufacturing process. Right now we think we can build about 10 per month in our current facility. From there, the idea would be to either raise more money and build factories quickly, or just build the company more slowly.
Let's say I want to buy a Kasita home right now. Can you walk me through the process from the buyer's perspective?
Right now, you would need to have your own land. You would put down your $1,000 reservation. Then once you get your loan and put down 40 percent, we would start building. The last 40 percent would be due when we're finished building, then the last 10 percent when it's delivered. That's the payment plan.
We can probably build it within six weeks right now, from when it was ordered. That's about as fast as it would take to get your permits anyway, and we would help with that. Then it's just dropped down on a slab in your backyard or wherever. So the work that the buyer needs to is to put down some kind of foundation structure and arrange to get the utilities to the unit.
We actually have the units pre-inspected at the factory, so we save about six inspection rounds that you would normally have to get from the city. You don't need the drywall inspections, the fire inspections, plumbing, electrical. We bypass all that.