Spec Homes vs. Custom Homes
SEO: Spec Home(s) and Custom Home(s)
What is the difference between a spec home and a custom home? Read on to learn more about these new home options and discover which best suits your needs.
Have you decided to buy a new home versus an existing, lived-in home? If so, congratulations! There are many advantages to buying or building a new home, including less maintenance, higher energy efficiency, and increased customization. However, now that you have decided to venture into the new home market, you must next make another critical decision: do you want to build a custom home or purchase a spec home? Like many new homebuyers, you may wonder, “what is the difference between a spec home and a custom home, and which should I choose?” Here are a few things you should consider when making this important home-buying decision.
What is a spec home?
A spec home, short for speculation, is a new home that is complete or nearly completed. These move-in ready homes are designed with the typical homebuyer in mind to appeal to more people. Because the homebuilder has already covered every aspect of design, there are minimal decisions you need to make, creating a less complicated buying experience. Additionally, because a spec home is already built (or nearly completed), you can physically visit it to see what you are getting before you buy it. Compared to custom homes, spec homes are also typically less expensive, but this does come at a cost—little to no input into the design and construction of the home.
What is a custom home?
A custom home is a home that is built entirely to the homebuyer’s preferences, essentially a dream home. From your preferred floor plan to your choice of finishes, these one-of-a-kind homes are fully customizable. When you build a custom home, you are involved in the entire design and construction process, from start to finish. You also have control over your home’s location and lot size. While you have the benefit of receiving everything you want in your home, a custom home tends to be more expensive than a spec home, and the entire process can be time-consuming, taking from one to two years on average.
Should I buy a spec home or build a custom or semi-custom home?
Ultimately, there is no right or wrong choice regarding your new home. When deciding which option is best for you and your family, you should consider multiple factors, including:
- your budget;
- your current and future lifestyle;
- the features you want in your home;
- how involved you want to be in the home building process;
- how quickly you need your new home; and
- how much control you want over the design of your home.
Are you looking to buy a spec home or build a custom home in the Gainesville area? Consider GW Homes. Whether you are looking for a quality move-in-ready home or want to be part of the entire design and homebuilding process, our team of professionals can help. For more than 50 years, we have been a trusted spec, and semi-custom homebuilder in Alachua County. No matter your choice, all our homes can be equipped with the latest high-end appliances and fixtures, eco-friendly features, and smart home technology. Contact us today to find your move-in-ready dream home in one of our luxury new home communities or to start designing it.