trending | BuiLding new or Buying spec
Jayman BUILT
Get a move on with
move-in-ready homes by PePPer rodriguez Building a new home can be as easy as 1-2-3, but there is an even easier way of owning one. If a buyer wants to move into their new home in the shortest time possible, they can always purchase a spec home or move-in-ready home. The builder spec home has been a tried-and-true industry standard. A spec home is industry speak for a home that is built before a homebuyer makes a purchase. It is constructed using builder specifications (hence, “spec”) and most are move-in ready or at least available for a quick possession. 18
New Home + Condo Guide | June 24–Aug. 5, 2022
Both are new homes that no one has lived in before. The main difference is the time of possession. Homebuilders offer spec homes because not every homebuyer has five to eight months to wait for their new home to be built. This also allows builders to keep their tradespersons busy. exceLLent timing
As in all of life, timing is a major part in the home-buying decision. Depending on a buyers’ circumstances, a spec home where they can move in relatively quickly might be better. Or if they have the
time and customizing or personalizing the living space is important to them, then going the pre-sale route may be more applicable. “It all comes down to what needs and priorities each client has,” says Tara Van Horn, Director of Marketing & Design at Coventry Homes. “Whether you build a pre-sale home, or buy a quick-possession home, you are still getting the benefits of a new home that no one has lived in before, along with the added warranty. You get the full value of your new home.” The common misconception, she says, is that spec homes are of less
