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In reality, spec homes provide a great balance between quality and affordability. The plus side is that buying a spec house is often a quicker process than buying a custom or new construction home because spec homes are move-in ready. If you’re looking to invest in or buy a house, you can tap into many advantages if you go with a spec home. We'll walk you through the cost of spec homes, the pros and cons of buying a spec home, the difference between a custom home and a spec home and the best time to buy one. Contractors and developers, you’ll find it easier to build attractive houses that sell quickly using Designs Unlimited’s stock or custom plans. If you feel that buying a spec house is the right decision for you, you can start researching builders by looking up spec home listings.
They feature options that were hand-selected by the builder and are sold to buyers as-is. In other words, a spec home is built on the speculation of what home buyers are looking for. For example, builders might include ample amenities and upgrades or build a spec home in a quality neighborhood. Home builders take careful note of real estate trends and the real estate market to determine where and what to put in the spec homes when they build them. Of builders favorite house plans is a great resource to any home builder or homeowner. All of these plans have been built many times and they have all been value engineered to deliver a maximum return for builder and homeowner alike.
Tiny House Plans
Should you go completely builder beige on the outside and builder white inside? These are thought to be safe, non-offending colors, but often leave potential customers feeling underwhelmed. On the other hand, I wouldn’t go crazy with red windows or crazy colored counter tops. By and large, when it comes to specs, keep the palette neutral; using beige, gray, or white. Adding an accent wall of color in a couple of rooms might be enough to spice up an unfurnished house. The front door is a great place to make a statement with a splash of color.
Sometimes, just having a move-in ready home goes a long way in sealing the deal. There are a variety of reasons why one might need a new place to live “NOW” or “5 DAYS AGO“! New job, new marital status , perhaps a second home where the buyers know they can’t or won’t devote the time needed for a custom home. Let's walk through the pros and cons of buying a spec house. From Spec Verified floor plans to professional photos, virtual tours and a lead generating digital brochure for every property, we’ve got you covered.
Featured Plans
By buying a spec home, you can have peace of mind knowing that you’re buying a problem-free, move-in-ready home at an affordable price. However, building a new home is expensive, and not every family can afford to do so. Buying a pre-built spec home is an affordable option that meets homebuyers halfway.
If the next house happens to be nearby, the same project manager can manage multiple houses instead of spending time driving from project to project. All house plans and images on DFD websites are protected under Federal and International Copyright Law. Reproductions of the illustrations or working drawings by any means is strictly prohibited.
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We founded this company on spec home design for quality home builders and are happy to share the cream of the crop with you here. These plans have been built and sold at an unprecedented velocity in each and every case. Buyers love the look and feel of a custom home, but some dread the process involved in building one. You know the drill; they make so many decisions they can’t decide what to have for dinner for the next year. Or worse, they don’t agree with what their spouse wants in the house, leading to arguments and hurt feelings. I’m even told that the process can reveal a shaky relationship leading to – two buyers looking for immediate occupancy because of a change in marital status.
However, depending on your specific situation, you might be able to negotiate the price. The most obvious way to become a real estate investor is to buy rental property. However, did you know that you can become a real estate investor in other ways?
You pay closing costs to your lender to process your real estate transaction. Closing costs include fees such as origination fees, home appraisal fees, title searches and other costs during the home buying process. Our spec homes are built with the same attention to detail, and designed based on the trends and needs of the particular community and market in which the home is being built. Next, spend time researching these builders by checking reviews, looking at their websites, and scrolling through their social media pages. Then, you’ll likely be able to narrow your list down to three to four builders that you like.
In many instances, a spec can save the home buyer from themselves. The reality is that many buyers look at a floor plan and not only can’t determine if the room is big enough, but can’t come close to determine if it will look or feel right. Don’t let him know, but I’m married to a guy who struggles with how things will look and feel when finished. These experienced builders also have access to materials and appliances sold at wholesale prices and thus can forward these savings to buyers. Spec home buyers benefit from a cost-saving approach that balances amenity and quality without sacrificing the affordable price.
You may be wondering why a homebuyer would opt for a spec home when they could build a custom home of their own. These decisions come with tradeoffs, and there are plenty when it comes to spec homes. This strategy has the advantage that your buyers can see how well the house furnishes and can hopefully visualize the placement of their furniture. This is also a great way to capitalize on the investment of the model.
Make sure not to skip over the home inspection before buying your spec home, and read the fine print on your home warranty. Although your construction is new, you’ll want confirmation that everything is in working order and that you’re covered if anything goes awry. Typically, new homes are custom-built using the buyer’s tastes and preferences. In contrast, spec homes are built without any input from buyers.
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