Japan’s population is aging, and is expected to reduce dramatically in the next 50 years as younger generations have fewer children. The population is also concentrating itself more than ever in urban areas, leaving many smaller communities with a growing vacancy problem. The tradition of replacing homes with new construction every thirty to forty years is only amplifying the growing problem.
Companies like Sekisui House and Daiwa House have succeeded in a market that demanded prefabricated housing on a near constant basis. Now, they must learn to adapt and are for the first time beginning to offer renovated or “refurbished” homes. New companies are also entering the market, specializing in the modernization of existing structures. Younger people are looking for simple, affordable homes close to work and family.
Younger families, who may not have the money to purchase a new prefabricated house, are becoming more and more likely to select a refurbished home instead. A 39 year old father of two noted that “the renovated home located close to my parents’ home has much higher value than a newly built home that is far away.” This is a clear reversal from the Japanese attitude towards housing that saw homes completely losing their value within thirty years.
As the population of Japan continues to decline and shift to urban centers, communities are going to have to get creative about reusing structures. One looming challenge will be in addressing failing structures, considering how many prefabricated buildings were never intended to live longer than 40 years.
Source: The Guardian