Prefabricate Houses are building built with components like panels. Modular homes are created in sections, and then transported to the home site for construction and installation. These are typically installed and treated like a regular house, for financing, appraisal and construction purpose. Although the sections of the prefabricated house are put together at the construction much like a typical home. This houses are rated as personal property and depreciate over time. Prefabricated houses are transport in complete section to the home site, where they are assembled. This houses can be placed in mobile home parks, on private land, etc.
We categorise the prefabricate houses in economic, medium and luxury based on the material that we use.