custom home

When you’re in the market for a new home, you may come across two terms: custom home and spec home. While they may seem interchangeable, they are quite different. Understanding the differences between the two can help you make an informed decision on which type of home is the best fit for you and your family. In this article, we’ll explore what makes a custom home different than a spec home.

Custom Homes: Designed for Your Lifestyle

Custom homes are built to fit the specific needs and lifestyle of the homeowner. The homeowner has complete control over the design, layout, and details of the home. This means that the homeowner can customize everything from the floor plan to the finishes and fixtures. In a custom home, the homeowner works with an architect and builder to create a unique and personalized home.

Endless Possibilities

One of the biggest advantages of a custom home is the endless possibilities. The homeowner can choose from a wide range of materials, finishes, and fixtures to create a home that reflects their personal style and tastes. This means that every aspect of the home can be tailored to meet the homeowner’s needs and preferences.

Personalized Design

Another advantage of a custom home is the personalized design. The homeowner can work with an architect to create a home that fits their specific lifestyle and needs. For example, if the homeowner loves to entertain, they can create a home with a large open-concept living area. Alternatively, if the homeowner works from home, they can create a home office that is tailored to their needs.

Higher Cost

Custom homes are typically more expensive than spec homes due to the personalized design and higher quality materials and finishes. However, the higher cost can be worth it for homeowners who want a home that is tailored to their needs and tastes.

Spec Homes: Built for the Masses

Spec homes, on the other hand, are built for the masses. They are built by builders who purchase a lot and build a home with a specific floor plan and set of finishes. The builder then sells the home to a buyer who can move in immediately. Spec homes are built to appeal to a broad range of buyers, rather than a specific individual or family.

Faster Turnaround

One advantage of a spec home is the faster turnaround time. Since the home is already built, the buyer can move in immediately after closing. This is ideal for buyers who need to move quickly, such as those relocating for a new job or those who have already sold their previous home.

Lower Cost

Spec homes are typically less expensive than custom homes since the builder is building multiple homes with the same floor plan and set of finishes. This means that the builder can purchase materials in bulk, resulting in lower costs. Additionally, since the builder is not working on a personalized design, they can build the home more quickly and efficiently.

Limited Customization

One disadvantage of a spec home is the limited customization. Since the home is already built with a specific floor plan and set of finishes, the buyer has limited control over the design of the home. While some builders offer the option to make minor changes, such as selecting different finishes or adding a room, major changes to the floor plan are typically not possible.

Less Personalization

Another disadvantage of a spec home is the lack of personalization. Since the home is built to appeal to a broad range of buyers, it may not reflect the specific tastes and needs of the buyer. This means that the buyer may need to make compromises on the design of the home.

Conclusion

Custom homes and spec homes are quite different. Custom homes are built to fit the specific needs and lifestyle of the homeowner, while spec homes are built for the masses. Custom homes offer endless possibilities and personalized design, but come with a higher cost. Spec homes offer a faster turnaround time, lower cost, and limited customization, but lack personalization. When deciding which type of home to purchase, it’s important to consider your needs, budget, and personal preferences.

If you’re looking for a home that perfectly reflects your dreams, look no further than Banner Custom Homes. Our experienced team has the skills to bring any design to life and we specialize in creating custom homes in Tulsa. Contact us today to start building the home of your dreams.