Definition of "Prefabricate house"

Mary  O Connell real estate agent

Written by

Mary O Connellelite badge icon

O Connell Properties

House made using standardized components that are preassembled on an assembly line in a factory rather than being built from "scratch" on a site. Normally, the prefabricate house is trucked onto the home site as a complete unit where it is installed on a completed foundation. Often times the prefabricated house is installed in preassembled components which are simply attached to each other on site. The advantages of a prefabricated house include lower cost, as a function of mass production and high quality.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

A lease requiring tenants to pay all utilities, insurance, taxes, and maintenance costs. ...

Condensed appraisal report covering the major items. ...

Time period for which one expects to keep property such as a real estate investment. ...

Individual who enjoy a freehold land right. ...

Provision in an agreement in which its renewal is a matter of course at the end of its initial term. ...

Significant elevation of land. Narrow upward strip. Connection of edges between different sloping surfaces. ...

Holding pool of mortgages. It is marketed as a tax exempt mortgage backed security for investors. ...

Impeding and restricting people in various activities based on their race, ethnic reasons, or religion now goes against US laws in effect. In the past, especially in the 1960s, ...

Basis for the valuation of property acquired from a decedent for tax purposes. The unified transfer tax in 1976 provides for the valuation of property to be the adjusted basis immediately ...

Popular Real Estate Questions