Modular home
Also called: prefab home, system-built home
A factory-built home constructed in sections to the LOCAL building code, then assembled on a permanent foundation on site.
A modular home is built in a factory like a manufactured home, but to a different standard: it must meet the same state and local building code as a site-built house in the place where it will be installed. It arrives in sections, is craned onto a permanent foundation, and is finished on site.
Because it meets local code and sits on a permanent foundation, a modular home is generally treated as real property from the outset. That usually means conventional mortgage financing, standard homeowners insurance, and appraisal against site-built comparables.
Modular homes are not HUD-code homes and have no HUD label. If a listing shows a HUD label, it is a manufactured home, whatever the listing calls it.
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Browse modular homesSee also
- Manufactured home, A home built entirely in a factory to the federal HUD Code, transported to its site on a permanent steel chassis.
- Real property, Land and anything permanently affixed to it, including a manufactured home that has been properly converted.
- HUD Code, The federal construction and safety standard that all manufactured homes built after June 15, 1976 must meet.