So, you’re hunting for a new home but cannot seem to decide whether you want to build a custom home or opt for a spec home. We don’t blame you, since a lot of other people seeking to buy a new home also tend to face the same challenge. After all, a home is an expensive investment, and the right decision will determine whether one can enjoy the home fully or sit in regret looking for a new house.
Now, if you’re not sure what is what, you’re in the right place! Let’s talk about custom homes and spec homes—what their differences are and which one is right for you:
What Is A Custom Home?
A custom home is one that is built to a buyer’s specifications. It is a home that is custom designed and built with the standard features that the buyer wants. Its construction takes into account lot size, budget, and convenience. Plus, the buyer has the option of selecting the materials used for the house and its fixtures.
What Is A Spec Home?
A spec home is also a new house that is built for resale. However, it is not customized for the buyer before construction. Rather, it is built to the size and style of a home that the builder or developer thinks is ideal for the market or the neighborhood.
Which One Should I Choose?
This is a question that only you can answer. But first, we encourage you to weigh the advantages and disadvantages of each option:
Advantages And Disadvantages Of Custom Homes
A home that is customized is a home that is built to your exact specifications. Therefore, it will be highly comfortable and convenient to live in. Besides, you can rest assured that the house is free from structural defects because it was built to your liking.
But the main advantage of a custom home is that it gives you the freedom to build exactly what you desire. Finally, you can make the ideal home you have always dreamed of.
As for its disadvantages, custom homes are quite expensive and time-consuming to build. After all, they require specific skills and knowledge to meet the buyer’s specifications. This means that the project can take a lot of time to complete. Also, custom homes also come with hefty prices.
Advantages And Disadvantages Of Spec Homes
A spec home is definitely cheaper than a custom home. In fact, it is the most cost-efficient way to choose a new home. After all, you can use the builder or developer’s design or find another one that is available for purchase. Or, you can hire your own designer to create the spec home of your dreams.
The obvious disadvantage of a spec home is that it is not customized for you. It is also not built with your specific needs in mind. This means that you might not be satisfied with how it is built.
Conclusion
Which one should you pick? Well, there is no “right” or “wrong” answer to this question. However, we should ask you to answer it yourself. After all, your satisfaction should be the top priority when you make this decision. That said, if you’re looking to buy a home that’s built to your specifications, a custom home is the way to go. On the other hand, if you want to buy a home that’s already premade and preplanned that you generally can live in, a spec home can meet your needs.
Banner Custom Homes are professional home builders who can create custom homes to meet any needs. If you’re interested in building your own house, reach out to us today!