Modular home
A home built in sections at a factory, then assembled on a permanent foundation on site. Once assembled, it's treated like a site-built home for financing and appraisal.
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Where this comes up: getting ready
Part 1 of 4
Why a seller cares
A modular home is built in sections and set on a permanent foundation, and once it is there it is a house for every purpose: appraisal, financing, insurance. The word in the listing can still make buyers ask.
Part 2 of 4
A simple example
Your home was delivered in four modules in 2012 and set on a full basement. The appraiser treats it as site-built and uses ordinary comps.
| What buyers ask | The answer |
|---|---|
| Is it a manufactured home? | No; modular is built to the local building code, not HUD's |
| Can it be financed? | Like any house |
| Does it appraise lower? | Not by rule; comps are the same as any other house |
Modular describes how it was built. Once it is on the foundation, it is a house.
Part 3 of 4
What people get wrong
That modular and manufactured are the same. Different code, different foundation, different financing.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
In your Room, this word explains itself where it appears.
Your Room defines modular home in the step you meet it in, beside the document or the date it belongs to. Free to set up, with an agent or on your own.
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