As unlikely as it is, the market for buying a home is hotter than ever. With new record low mortgage rates, many people are looking to purchase their forever homes.
But as homebuyers will quickly find out, there are a wide variety of options on the housing market. From condos to mobile homes to traditional single-family homes, the choices can seem endless.
To make things simpler, let’s say you’ve settled on purchasing a new traditional family dwelling. There are still many styles and types of houses to explore within the realm of single-family residences.
Generally, you’ll have a couple of main choices: a spec home or a custom home. But what defines these two types of homes? And which one would be right for you and your situation?
Spec Builds Are Simple & Easy
A spec home, or speculative home, is created based on plans that the builder predetermines. These homes are often built with certain types of buyers in mind, such as working professionals with children or elderly people. Also, the spec home is typically made with more general features that will appeal to a larger audience. Most of the time, individual home seekers don’t have much control over the floor plan and interior design before the house is complete.
This makes the process simple for builders and buyers alike. Builders can work off of “no-fuss” plans that they know will make architectural and structural sense, and buyers can receive a home that is safe and move-in ready.
Custom Homes Are One-of-a-Kind
Custom homes are constructed with an individual client’s designs in mind. These residences are unique, and they require you to work closely with architects, designers, and contractors to get the job done right. Ideally, you’ll want to partner with a professional builder every step of the way on everything from plumbing and electrical work to the exterior and interior design.
While buying a custom home may take longer to finalize than buying a spec home, you’ll end up with a home that’s perfectly suited to your personal needs, desires, and style.
Which one should I buy?
Both types of homes are popular among house hunters, and knowing which one is right for you can prove to be more difficult than it seems.
Simply put, the one that you should buy is the one that meets your personal needs. Do you have a strict time frame or budget that you’re working within? The spec build may be best for you. Need special add-ons in your house? Consider building your home custom!
Maybe you have very specific designs in mind for your dream house. Then you need a custom build! Or, perhaps you just want a “starter house” for the first few years of your growing family. A speculative home will do just fine.
Ultimately, purchasing a home is a significant event, and you should feel confident with your decision to move forward with whichever place you choose.
What to do after I’ve decided which type of home to buy?
When you’ve made the decision to shop for a new speculative home or build a new one, Sahene Construction can help. We’re committed to making your custom plans a reality! Or, we can make any adjustments or additions that your speculative home may need.
Ready to get started? Contact us today to start preparing for your future!
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