Categories: US Real Estate

Airbnb to start building its own homes

Airbnb is always looking for new ways to extend its business model, and its latest idea is to move far beyond the rental space industry.

Now, the company is announcing a new venture called “Backyard” that will involve designing and building homes. Joe Gebbia, one of the cofounders of Airbnb said it is “an endeavor to design and prototype new ways of building and sharing homes.”

The idea is to use smart home technologies and sophisticated manufacturing techniques such as green building materials and prefabricated dwellings and combine it with Airbnb’s experience from the vacation rental industry. The company wants to “reimagine the design of homes”, Gebbia said in an interview with Fast Company. He added there’s a “moral imperative” to make sure the homes are well designed and responsive to the changing needs of their owners and occupants.

For the latest venture Airbnb has brought together a team of industrial engineers, architects, roboticists and mechanical and hardware engineers, as well as policy experts and others.

Gebbia said he wants to “rethink the home”, adding that homes are “complex, and we’re taking a broad approach, not just designing one thing, but a system that can do many things.”

Apart from that the company is quite vague about exactly what it’s building, but Gebbia said the spaces would be “sharable”. They also be easily reconfigurable to occupants’ different needs, and some could also provide for co-living arrangements.

The first Backyard test units are expected to become available as soon as the fall of 2019.

Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

Recent Posts

Mobile Apps Perfect for Real Estate Professionals

The world of real estate is constantly evolving – and sometimes it seems like new…

5 hours ago

10 Steps to Becoming a Great Real Estate Agent

Becoming a real estate agent is one thing. Becoming a great one is another. But…

6 hours ago

How AI is Revolutionizing the Real Estate Market

Time marches on, and so does the sophistication of the technologies we use in our…

1 day ago

More Home Buyers are Reaching for ARMs

The demand for homes remains robust. Despite 30-year mortgages being firmly above a 5% interest…

1 day ago

Property Management Trends That Will Shape 2022

Property management currently operates in a very aggressive and constantly changing realm. However, some key…

2 days ago

Everyday Tools and Software Realtors Need to Use

Real estate professionals lead busy lives, so finding better and more efficient ways to do…

3 days ago