Modular home plans include ranch, cape, two-story, chalet and split-story. Modular homes are homes that are constructed with certain specified materials to fit a particular building code. While they do not necessarily adhere to specific building plans, they are made in a controlled environment and then shipped to the site of residence versus being built on land.
Although a modular home is made in a factory, modular homes are not manufactured homes. Manufactured homes are not placed on permanent foundations, but modular homes are. Constructing a modular home from beginning to end could take anywhere from a few weeks to a few months.
Modular homes have several factors in common with homes that are built on site. They have real estate value and do not depreciate. They can be customized. They can have similar structures to on-site built homes such as crawl spaces and basements. Owners of modular homes pay the same type of taxes that owners of on-site built homes pay. The loan for a modular home is comparable to a loan for an on-site built home.
Modular homes are sometimes termed "green homes" because of the manner in which they are constructed. Most manufacturers of modular homes have on-site computer programs like CAD to design the homes. Modular homes are capable of withstanding winds of up to 175 miles per hour.