You’ve heard of the spec home, but you may not be sold on the idea. Maybe your heart has been set on a custom home, or maybe you’ve been dreaming about a fixer-upper. Regardless, don’t discount spec homes just yet. Here are some of the main pros and cons of buying a spec home.
What Is a Spec Home?
Spec homes are homes that a building company creates with the assumption that they will be sold. Spec homes aren’t built for a particular consumer in mind, so they’re typically designed to be appealing to a wide range of people. Spec homes usually feature many the same materials and designs found in custom homes by the same builder.
Check out the benefits you’ll enjoy by choosing a spec home.
Spec homes are generally less expensive than new custom homes of the same size. While a new home will typically cost more up front than a fixer-upper, you may be surprised at the amount of money required to update an older home.
Everything from the ground up in your spec home will be brand new, so you won’t have to worry about expensive repairs or maintenance any time soon.
Unlike a custom home, you can move into a spec home soon after you sign the contract, and unlike a fixer-upper, everything will be done when you move in.
May Be Customizable
Often, if you purchase a spec home before the construction process is complete, you can actually customize elements of your new home.
See What You’re Getting
The brilliant part of a spec home is that you can see exactly what you’re getting before you buy. Unlike a fixer upper or a custom home, you won’t have to imagine what your home will be like; you’ll get to see it for yourself.
Of course, spec homes aren’t all sunshine and rainbows. Here are a few things you should be aware of before choosing a spec home.
Not Completely Customizable
Because spec homes are mostly finished by the time you see them, you aren’t able to customize them as much as you would a fully custom home.
More Expensive Than a Fixer Upper
Spec homes are brand new, which means you’ll likely pay more up front for one than you would pay for a fixer-upper of the same size.
You Can’t Choose Your Location
Unlike a custom home, you aren’t able to choose the specific location of your spec home, and since there are a limited number of spec homes, you’ll have fewer locations to choose from than you would if you were simply buying a home off the market.
If you’re ready to move forward with your new home, contact Castle Brook Builders to learn more about our home building process. Castle Brook has been one of the leading home builders in the Omaha area for more than ten years. Whether it’s a spec home or a new build, trust Castle Brook with your new home.