Summary

Mike Kaeding, founder of Norhart, a Minneapolis-based multifamily builder, shares how they've lowered construction costs by 20-30%. Norhart applies techniques such as the assembly line to increase labor productivity and reduce construction timelines. By optimizing every step of the construction process, they can cut down on labor costs, accelerate project completion, and have a substantial impact by offering affordable housing to a larger number of individuals and families.

Highlights from the episode:

• Mike Kaeding applies principles from other industries, like manufacturing, to construction to reduce costs, emphasizing bringing work under one roof and implementing assembly-line techniques for enhanced productivity.
• Streamlining the supply chain and sourcing materials internationally is a key strategy to significantly reduce construction costs and enhance overall efficiency in the building process.
• Success in construction relies on hiring the best talent, creating a supportive environment for their growth, and recruiting individuals from diverse backgrounds to bring fresh perspectives and innovation.
• Mike's goal is to expand into new regions, recognizing that different geographies present unique challenges. Building the right infrastructure and leveraging expertise are essential for entering new markets successfully.

About The Guest:

Mike Kaeding is the CEO of Norhart, which stands at the crossroads of construction expertise and visionary leadership in the realm of affordable housing. With a mission to revolutionize the real estate industry, Mike is driven by the belief that reducing construction costs can profoundly impact housing affordability. Drawing inspiration from diverse industries, such as manufacturing, he pioneers innovative approaches that redefine how we build homes.

To get in touch with Mike:

IG: https://www.instagram.com/mikekaeding/

YT: https://www.youtube.com/@Norhart

LinkedIn: https://www.linkedin.com/company/norhart/

Website: https://www.norhart.com/

---
For more insights and content to accelerate your real estate success, join our free newsletter at follow this link: pixelsandproperties.beehiiv.com

About Pixels & Properties:
Welcome to Pixels and Properties - the only platform for busy, high-caliber tech professionals seeking financial transformation through real estate ventures. Subscribe to our complementary newsletter through the show notes to receive weekly deep dives, expert insights, and resources to accelerate your investment journey without buying yourself another job. Ready to build wealth on your terms? Let's get started.