What is spec buying?
“Spec” is short for “speculative,” meaning the builder builds the house based on market demand speculating that someone will want to buy it when it’s complete. This gives you an alternative to buying an older, pre-owned home or hiring a builder for a custom home.
Is it a good idea to buy a spec home?
Spec Homes Are Affordably Priced Quality home builders invest their time in blueprints and design plans they know will turn into sturdy and reliable homes. By removing the potential for poor design choices, home owners are afforded peace of mind at no additional cost.
What does it mean to buy a spec home?
A spec house – short for speculative house – is a new house that a home builder builds on the speculation that it will sell easily for a profit. Builders design these move-in-ready homes to be as appealing to home buyers as possible.
What is the difference between a spec home and a model home?
When it comes to builders, spec home vs model home builders will often include nice materials that custom home builders sometimes consider upgrades and that model homes don’t typically offer. The number of spec homes usually being built means that you’ll often have your choice of location.
What are specs on a home?
Your specifications (or specs) are a written document that details what materials will be used and how to install things. So, if the plan illustrates one sink in the master bathroom, the plumbing subcontractor turns to the specs to find out exactly which sink you want installed.
What is a spec build?
Speculative, or “spec” buildings, are built by developers with the goal of attracting tenants during or shortly after construction. Typical spec building tenants can include professional services firms, call centers and other businesses.
Can you negotiate price on a spec home?
Be sure to ask the builder if there are spec homes—homes built on speculation of sale—that have been sitting in their inventory for a while. Like model homes, you won’t be able to choose the upgrades and finishes, but if a builder is looking to sell, there may be room to negotiate the price. It never hurts to ask.
Can you negotiate a spec home?
The builder(s) will likely be hesitant to negotiate price on a spec home. Chances are that they have built several of the same types of homes, which means they likely have a going rate for it that they want to stick to. Depending on your specific situation, it might be possible to negotiate the price.
Can you make changes to a spec home?
With both specs and semi-custom homes, you can’t do a significant amount of “customization.” However, if you have your eye on a spec home that’s in the early stages of construction, you might be able to negotiate the changes you want at a reasonable rate. Just make sure the contract spells out every detail.
What are spec plans?
What does Plan and Spec Mean? Plan and spec is a method of commercial construction project delivery where design drawings (or plans) are created along with written specifications (or specs) to further describe the equipment and parts shown in the drawings.
Do specs override drawings?
If there is a conflict between the Drawings and Details on Drawings and the Specifications, then the Specifications will prevail. The higher “Order of Precedence of Documents” governs or prevails.
What does spec mean in commercial real estate?
speculative space
What are Spec Suites? The term Spec Suite is short for speculative space. They are typically suites within a multi-tenanted building where the landlord has preemptively invested in making the space move-in ready or near move-in ready without necessarily having a business lined up to occupy the space.
Why spec building materials Corporation?
On Time… Every Time. SPEC Building Materials Corporation is recognized as one of the nation’s leading wholesale distributors of the highest quality building materials, equipment and products for both commercial and residential roofing contractors.
Why choose spec?
Safe and Efficient Workplace Practices. SPEC, with its’ absolute reputation for excellence, is founded both on relationships and results that speak for themselves. Highest quality product inventory, competitive pricing and an assurance to all contractors, to provide the products and services they need…
How many branches does spec have?
Since 1973, SPEC has strategically grown to thirty-six convenient branch locations in markets throughout the Midwest, the South and Southeastern regions.
Why choose AmeriSpec inspection services?
AmeriSpec Inspection Services provides the expert evaluation and assessment that you need for any residential or commercial property inspection. As the leading home inspection brand, tested and proven for 30+ years, we deliver complete peace of mind to buyers and sellers of homes and other properties.