When you’re ready to invest in a home, you may be faced with the option of building one from the ground up or buying one that’s already constructed. Because of their popularity, custom homes and speculative homes are likely to be two options you consider. Both choices have pros and cons, but a custom home gives you more flexibility. Here’s what you need to know if you’re in the market for a new house.
What’s the Difference Between a Spec House and a Custom Home?
Also known as move-in ready, spec or speculative homes are constructed by builders with no specific buyer in mind. They’re new, fully equipped homes that are designed to appeal to nearly every buyer. Some builders opt to construct spec homes since it doesn’t involve much input from buyers, who can often make the process complicated.
A custom home, on the other hand, is what its name implies. It’s a type of home built and customized according to the buyer’s specifications. The buyer is more involved in the building process and has the option to make changes while the house is under construction.
Why a Custom Home Is a Better Choice
Spec homes are fairly safe investments, as they’re soundly built, situated in good neighborhoods, and have the right amenities with room for possible upgrades. However, they are constructed based on the general or formulaic idea of what sells, and not what you want or need. You’re also limited to what you can modify in a spec home. Moreover, you’ll be paying for features that you can most likely forego or live without.
With custom homes, you have full control over the floor plan and design — from start to finish. You can decide what materials to use, where to put the rooms, and which paint colors go on what walls, among other customizations. Since you can see the progress, you can sort out any problems as they crop up. And because you have control over the budget, you know you’re spending on things that matter most to you and your family.
Whether you’re a first-time buyer or an empty nester that’s downsizing, rely on Up North Builders to build the custom home of your dreams. As the top general contractor throughout International Falls, MN, they’ve been crafting beautiful residences and home improvement projects for more than 35 years. In addition to home remodeling and building, they also offer excavation services and construction equipment rentals. To schedule a free consultation, call (218) 285-3635 or visit their website to see a full list of services.