If you are planning to buy a new home in the near future, you are likely to be weighing up your options and deciding what you want from your new property. When purchasing a new home, one of the main things to consider is whether you should choose a custom home or a spec home. While both options will give you a new home, the type of home you end up buying and the processes involved are entirely different.
In this blog post, we will explore the differences between a custom home vs spec home and a custom home vs production home to help you choose the best option for you.
Spec homes are developments of one or two brand new homes that have been pre-built by a developer, usually on a small lot. Buying a spec home can be beneficial, especially if you hope to move in quickly, as the house will be complete or nearing completion. A benefit of purchasing a spec home is that you may be able to negotiate with the developer on the price of the new house. The longer the property has been on the market, the more likely the developer will be open to negotiating on the price. The developer will want the property to sell quickly to realize their profit and see a return on their investment.
Tract builders, also known as production builders, develop large areas of land and build many homes at once. Typically, the houses are all reasonably similar, with maybe a few variations in the floorplans and outward appearance. Buying a tract home is a less expensive way to buy a new home, and beneficial if you want to move in quickly. However, you will have a house that is identical to many others in the neighborhood. You will also have little to no say in the design, finish, or layout. Production homes sometimes allow the buyer to select from a choice of carpets, flooring, kitchen cabinets, and countertops. But the customization options end there.
The alternative option for your new home is a custom-built house. Tract homes and spec homes are great if you are looking for value and a fast move, but these benefits are at the expense of having a home that looks identical to all the others in the area. If you hope to buy a unique new home with a distinctive style, a custom built home is a perfect choice.
The Benefits of a Custom Home
While spec homes and production or tract homes share many similarities, custom homes are an entirely different prospect altogether. As its name suggests, a custom home is fully customizable to your specifications.
A custom home gives you control over the design, layout, and finish of your new house. The only limitations on your custom home will be how much you are willing to spend, the size of your lot, and any local planning restrictions and regulations. Pretty much everything else can be tailored to your exacting specifications.
If you are a fan of architecture and interior design, then choosing to build a custom house will let you have the freedom to incorporate your taste and style into your home without boundaries. Unlike a production-built home, where you have two or three home designs to choose from, a custom build enables you to create a unique property. You will be able to create a property that is entirely unique to you and designed to meet your needs and tastes. Custom homes are an excellent option for both an aesthetic and practical point of view. When you commission a custom home, you create a living environment with the functionality to enhance your lifestyle.
A custom-built property is more than just a house; it is a place where you can feel entirely at home.
Buying a new home is an exciting prospect, and even better when it is a custom home tailored to your individual needs. If you want to create a custom home that perfectly suits you and your lifestyle, then D.E. Rink would love the opportunity to work with you. We will be with you every step of the way to help you make your dream home a reality.
If you are planning a custom home build in Central Oregon, call D.E. Rink Construction today at (541)-388-0719 for your free consultation.