Definition
Home constructed in factory panels and assembled on-site, reducing construction time and cost.
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Prefab homes built off-site and transported to location. Factory construction improves quality and reduces weather delays. Cost typically 10-20% less than traditional. Assembly on-site requires foundation and final connections. Mortgage and insurance available. Building codes compliance required. Growing market segment. Sustainability benefits through efficiency. Financing more difficult than traditional homes. Appraisal challenges due to unfamiliar method. Growing acceptance improves marketability. Future-oriented construction method.
Pro Tip
Prefab homes offer cost and time savings; financing may be challenging.
Example
Prefab home was completed 3 months faster than traditional construction.