Choosing Between Spec Home Builders and Custom Home Builders
Whether to choose a spec home or a custom-built home is a personal decision. For instance, a young family moving to a new town before the start of the school year may be best served by a spec home. Alternatively, empty nesters may want to invest in a custom-built home. Regardless of the reason, the process should be enjoyable and stress-free. Here are some tips to help you choose the right home builder:
Production home builders use the same materials as custom-builders and can give you a near-exact estimate of the final cost. In addition, production builders can finish homes faster than custom-builders. Because their business is time-efficient construction, they operate on tighter timelines than custom builders. They also typically build homes in neighborhood communities, with amenities. That means you’ll save money by choosing a production builder. However, they are still a good option.
Another popular choice is a production builder. These builders use stock plans and aren’t known for customization. Many production builders offer generous upgrades, such as a third garage. These builders are considered custom-home builders, but the vast majority do not build on large lots. They are better for speculative buyers than for large-scale buyers. There’s an advantage to this model, but it’s important to choose the right builder.
Another advantage of using a custom home builder is the fact that you have more control over the design of your home. They will work with you to incorporate your preferences. For example, you can choose a kitchen layout that is unique to your taste, but you’re not limited to that. If you’d like to incorporate a unique kitchen or bathroom design, you can use a custom home builder. Custom home builders tend to focus on local markets.
The disadvantage of using a custom builder is that they often go out of business more quickly than large production home builders. You may be able to find a custom builder with good financial stability, but it’s unlikely that you’ll be able to rely on them for decades. Also, the choice between speculative homes and custom homes depends on the type of home you want. Custom builders typically offer more luxurious houses, but their designs aren’t limited to one style or neighborhood.