What Is a Spec Home?

 

These days it seems there are as many types of homes available as there are people looking for places to live. Throughout your home search, you’ve likely heard of all sorts of home models and varieties. “Spec home” is a term some buyers are not familiar with. Just what is a spec house, and is it right for you? Find out in this article.

Defining a Spec Home

A “spec home” has nothing to do with specifications. In fact, it’s quite the opposite. The “spec” in spec house stands for “speculative.” In other words, it’s a type of home that is pre-built in the image of what the builder finds desirable in the current housing market, rather than what is requested specifically by a homebuyer. Since many of these homes are pre-built, usually you won’t be able to pick and choose what it looks like. This may not appeal to those more interested in seeking the services of a custom home builder. However, if you catch the home and builder early enough in the process and express interest in ownership, you may be allowed some creative control over the finished home.

What are the Benefits of a Spec Home?

A spec home is ultimately one of the best options for those looking for a house within a certain time frame or simply don’t have many requirements for what their home should be. A spec home has everything decided for you from the beginning. You’ll simply be informed of everything the house comes with, sign all the necessary papers, and be granted permission to move in! Purchasing a completed spec home usually allows the closing to be within the same time frame as that for a home on the resale market, but you have a home in which no one has lived.

Are There Disadvantages to a Spec Home?

Some may not like that they have no say in the look or conveniences featured in their home. Again, you may be lucky enough to step in on the process early enough to be able to personalize it. If the idea of a spec home appeals to you, be sure to contact us.

To learn more about the services of North Florida Builders, Inc., call 904-288-7670 or visit the company’s website.