Buyer Beware: The Disadvantages of Purchasing a Spec Home
As you begin to think about building a new home you may weigh the pros and cons of a custom-built home vs a spec home. You may be tempted to buy a spec home for the ease. The home may already be built, or it will be built reasonably fast. The design of spec homes are already created and the decisions have been made. It probably sounds appealing to just sign on the dotted line and purchase a spec home. But before you do, consider these disadvantages.
It Was Not Designed for Your Family
Spec homes aren’t designed specifically for you or your lifestyle. A spec home is a generic home that the designer thinks your family will want. So, your spec home may not have the features and livability that you truly want. In the end you’ll have to live with the decisions that someone else has made.
If you’re going to invest your money into a home that you will live in for may years, why not get exactly what you want? Why compromise? Building a custom home will allow you to customize your home to your specific needs and desires. Building your home with Ilcor Builders allows you to get exactly the home you’ve been dreaming about.
You may consider purchasing a spec home only to customize it during the construction process or after you take possession. You may consider moving a wall, adding an additional room, or upgrading the finishes to get closer to what you really wanted in the first place. But after the cost and hassle of customizing you may not be saving much, and you may even be spending more compared to the cost of building a custom home from the beginning.
Amenities You Don’t Need or Want
You spec home probably has a spa tub built into the design. But what if you don’t want one? What if you would prefer an oversized shower with a bench seat? Or a sauna? With a spec home you may not get what you want, but you certainly will pay for the amenities you don’t.
Hidden & Surprise Costs
When a spec home sits on the market the contractor accrues interest and financing costs, that they then pass on to the buyer. Additionally, you can expect to pay real estate commission of about 6%, which will be rolled into the cost of your spec home. When you look at all the hidden and surprise costs you may be surprised that you could have built a custom home that you truly love, instead of compromising for a generic spec home.
Is a custom home the right choice?
You may still feel tempted to purchase a spec home instead of building a custom one because the process just feels easier. Yes, the construction process takes longer with a custom home, and the design/build process may seem daunting. But if you partner with a builder like Ilcor Builders, with over 50 years of experience, you will find that the process can be easy. We will work through each step of the home design and building process with you, so that you can get the home you’ve always dreamed of.
Don’t settle for a generic home. Contact Ilcor Builders Today!
Take the first step by setting up an initial consultation at our design studio in North Austin or in the comfort of your own home.
Ilcor Builders has been building custom homes on your lot in Austin, Texas and the surrounding areas since 1963. We are a family owned business with over 50 years’ experience building custom homes. We would love the opportunity to discuss your custom home in our design studio in North Austin or in the comfort of your home. Please contact us at 512-476-7568 or request a free consultation.