Purchasing a Spec Home: A Financially Rewarding Experience
Buying a Spec Home has many benefits and rewards. If you are in the market for a new home, you might have your heart set on a custom-built home, but they aren’t necessarily the only or best option. Compared to custom-built homes, Spec Homes are completed quickly, of good quality, and less expensive.
A Spec Home is one that is designed, planned, and built by a contractor/builder. This means one of two things. First, it could mean that the builder has completed a home, and is looking for a buyer after the fact. Second, it could mean that a contractor/builder has a set options that a buyer can choose from, and a new construction will be put together based on those limited selections.
Buying a Spec Home will go much faster than buying a new construction. Builders of Spec Homes work with the same vendors on every project. The method used to build a Spec Home is nearly identical every time; this makes the process quite efficient. If you want the convenience of getting into your new home quickly, and are prepared for a slightly limited set of choices on the design, a Spec Home is probably for you.
A further reason to consider a Spec Home over a custom-built home is the lower overall cost of the construction. Builders purchase large quantities of building materials at a low cost, making the overall cost for the buyer lower as well. A builder and his crew can put up a Spec Home very quickly, the buyer benefits from this by paying a lower total cost for the construction. Spec Home owners typically benefit financially on the resale of their homes as well.
Despite being built quickly, Spec Homes are known to be of good quality. The use of computers in the mass production of Spec Homes leads to a higher quality product. The Spec Home is built on site by a team of builders and technicians who work together often. Those who purchase Spec Homes profess to be happy with the quality of the construction. Overall, Spec Homes prove to be a good choice for families who are looking for a quality product quickly.