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What is a Spec Home?

Spec Homes | August 15, 2019

Getting to know what a spec home is and the advantages of buying one can help you determine if a spec home is the right fit for you and your family. At Ridgepoint Homes, we want to help you get the home of your dreams. That is why we offer a selection of spec homes that are perfect for families of all shapes and sizes.

What is a Spec Home?

A spec home is brand-new property that is finished or near completion but has not been sold yet. This means that all of the home’s features, such as the layout, flooring, and appliances, are all chosen by the custom home builder based on their speculation of what a buyer will be looking for in a home. While this allows for a much simpler and cheaper planning and building process, it also means that buyers will not have a say in the overall customization of the home. By using a standard model home, spec homes are often a more affordable option for potential buyers when compared to buying a brand-new, custom home.

Why Buy a Spec Home?

While spec homes are built using standardized plans, buying a spec home early in the process can give you the option to choose the best floorplan and details for your specific wants and needs. Purchasing a spec home can be a great option for buyers who do not have the budget to build a custom home, as well as those who want the appeal of a custom home without having to wait the duration of the home building process (usually only having to wait 30 to 60 days rather than 6 months).

Since the home builder is able to use familiar blueprints and high-quality materials, the buyer can enjoy cost savings without having to sacrifice on the quality of their new home. Spec homes also allow for easier repairs and maintenance down the road, as using a standardized design will ensure that the contractor already knows where everything in your home is located.

If you would like to learn more about what a spec home is, or if you are interested in one of our spec homes, please contact the home building experts from Ridgepoint Homes at 604-768-7664 or by filling out a contact form on our website.