Prefabricated Homes: One of the Biggest Trends in Real Estate Today

Prefabricated homes, also known as “prefab” homes, are a popular type of housing gaining momentum in today’s real estate market. Inexpensive, beautiful, and easy to construct, these unique homes have become one of the top trends in real estate today, and every homeowner (or would-be homeowner) can benefit from learning why people are so crazy about them.

What is a Prefab Home?

A prefab home is a structure that is manufactured at a third-party location. It is then transported on trucks to the home site. The home shows up in prefabricated sections that need only to be assembled. Because of this, they’re less expensive, faster to build, and easier to erect than traditional homes.

How Popular Are Prefab Homes?

Today, prefab homes are one of the hottest trends in real estate. According to Strategyr, for example, the number of prefabricated housing shipments around the globe is projected to rise to 1.1 million by the year 2020. This is a massive uptick from current numbers, and it owes, in large part, to the fact that people throughout the country and the world are more interested now than in times past in manufactured homes.

In addition to the fact that these homes are cheaper to purchase and easy to build, they’re also commonly made with sustainable materials. Because of this, they’ve risen in-demand among both experienced and first-time home buyers.

The Benefits of a Prefabricated Home

Prefab homes have many advantages, including the following:

1. Prefab homes are easy for first-time homebuyers to access

While it may be out of the budget for a first-time homebuyer to purchase a custom home, a prefab home is a great option, and often offers the feel and look of a custom home, without the price tag. Because of this, prefabricated homes are becoming popular among people who want a beautiful, unique home at a low price.

2. Prefabricated homes are very durable

Kiplinger reports that the prefabricated homes in Dade County, Florida held up to the category five storm Hurricane Andrew in 1992 with only minimal damage. Because of this, prefabricated homes are an excellent idea for people who live in storm-prone areas. Especially because the homes can be customized with things like tornado shelters to add some additional security.

3. Prefab homes offer all of the same benefits as a regular home

Want to remodel your prefabricated home? No problem! Modular homes offer the same opportunities for expansion and customization as standard homes and are a popular choice among homeowners as a result.

4. Prefab homes are quick to construct

Don’t want to wait two years to move into your new home? When you purchase a prefabricated home, you don’t have to. These homes go up quickly since they are built off-site and assembled at the building site. They can slash the time a construction project takes in half.

5. Prefab homes are permanent

While many people think “mobile” when they hear the word “prefabricated,” the two types of housing are very different. Prefab homes are sturdier and more permanent than mobile homes.

Today’s Trends in Real Estate: Prefabricated Homes

Prefabricated homes offer many benefits for home buyers and, as such, they’ve become a popular choice among people throughout the country and around the world.