If you’re wondering what spec homes are, the keyword is “speculation.” Residential builders construct new homes based on what they feel buyers are looking for based on real estate market trends in different regions and communities. Buyers benefit from less stress and move-in-ready homes. What are the other reasons to buy spec homes?
- Not having to micro-manage: While many new home buyers want to be completely immersed in the construction process, others have neither the time nor interest in being that involved. There may be opportunities to make some changes or upgrades if the home is not completed. You might be able to request different paint colors and other finishing touches, but if that work is already finished, there may be some additional costs.
- Saving time: Perhaps the best benefit of spec homes is the time saved from not having to plan and wait for a home to be built. With move-in days being a few months rather than much longer, you could be in your beautiful new residence in record time. To speed things up even more, you can get pre-approved for a mortgage and start contacting moving companies.
- Saving money: Spec homes generally cost less per square foot than custom-built and customized production homes. That’s because builders invest significant effort into home designs that will meet buyer needs, so fewer changes are needed.
If you’ve been unhappy in your current home and are ready to move into a new one as soon as possible, call us at David Jordan Homes and inquire about a spec home today.