What Is Modular Home?
A modular home is built in sections at a factory to the same local and state building codes as a site-built home, then transported and assembled on a permanent foundation.
Why it matters
Because modular homes meet the same codes as site-built construction, they typically finance, appraise, and appreciate more like traditional homes than manufactured homes do.
Manufactured Home vs. Modular Home
Built entirely in a factory to federal HUD code, on a permanent chassis — financing and appraisal typically work differently than site-built homes.
Built in sections in a factory to the same local/state building codes as a site-built home, then assembled on a permanent foundation.
Because modular homes meet the same codes as traditional construction, they generally finance and appreciate more like site-built homes than manufactured homes do.
Related Terms
More Owning Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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