Custom Home Vs. Spec Home
Custom home vs. spec home, which one should you get? Buying a home is truly an exciting and fulfilling experience. You’ve worked hard and saved a lot to finally get a place to call your own. If you have the budget and are finally in the position to choose which home to get, you’d be surprised to find out that the process can also be challenging. Will you buy a lot and have your own custom home built? Will you buy a spec home – one that’s ready-made, designed, and built by a developer?
Custom homes and spec homes both have advantages and disadvantages. It is important to weigh in your options to see which type of home will best fit you.
What is a Custom Home?
A custom home simply explained, is one that’s specifically designed and built for you. It is unique and is made according to your preferences. Everything from the floor plan, individual room layout, and interiors will be designed and built based on your requirements.
A custom home can be built on your property – your chosen area or location. Although building codes and requirements must be followed, there are fewer limitations compared to a spec home. Costs are typically higher as well since you will be hiring all the tradesmen needed to get the job done – architect, engineer, contractor, designer, and more.
What is a Spec Home?
A spec home is readily designed before it’s built. Many times, a spec home is already built when you buy them; however, some developers pre-sell these spec homes upon announcement of their new project. More often than not, these are the homes you will see in gated communities or residential areas with similar-looking houses.
Since most spec homes are ready for move-in, you can already start decorating and buying furniture as soon as you make payments and sign contracts. You don’t have to wait long to move into your new home. This type of home is appealing to starting families and young professionals looking to buy their first house.
A spec home is typically more affordable than a custom home. However, you have to remember that you won’t have much or any control over its layout and design. If there’s something you don’t like about it, you might have to spend more on renovations.
Custom Home Vs. Spec Home, What is Your Perfect Fit?
If you are working on a budget and would want to settle quickly into a new home, a spec home might be the one for you. After all, real estate is a good investment. You can sell your spec home in the future if you’re ready to build your custom home.
If you, however, are settling on your retirement or planning to buy a home where you could stay for the rest of your life, a custom home is your best bet. Sure, it is a tad bit expensive, but it is something you can treasure for a long time.
Contact Us for Custom Home Building in Windermere, FL
Now that you already know more about custom home vs. spec home, you probably have an idea which one would be best for you and your family. If you are looking for a custom home builder in Windermere, Winter Park, Orlando, Maitland, and the surrounding areas, we are here to help. Contact Posada Custom Homes at 407-740-7707 for inquiries and to get a quote.