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3-D printer creates $10k house in just 24 hours

SAN FRANCISCO, Ca. — A Russian company says it has created the first house using a 3-D printer.

Located in Russia, it is about 1,100 square feet and took about 24 hours to create. The estimated cost of the house is $10,000 -- including materials, electrical wiring, plumbing and furniture.

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The house is the brainchild of a San Francisco-based startup called

. The company says they are the first to develop a huge mobile construction 3-D printer that can create whole buildings on site. The printer uses a special concrete mixture that has a life expectancy of 175 years.

The company says it wants to change the way people think about construction and help people around the world improve their living conditions. They're confident a simpler house design could be built for even less.