If you are planning to invest in a home, you have to know everything there is to know about the types of homes that are available out there. Every one of them has its advantages and disadvantages, so it’s best to have it all laid on the table and make an informed decision. This is why, in this article, we are going to talk about the three main types of houses available on the market, custom houses, spec homes, and tract homes. Many people don’t know what they are and what are the differences between them, so we are going to give you some information on the subject.
Custom homes are the types of homes that are built to suit the taste of the owner. The customers are always involved in the building process and have a great deal of freedom when it comes to choosing colors, materials, fixtures, design and many other aspects of the home. Choosing to have a custom home built is the perfect way to get your dream home. This is probably the main advantage of a custom home, the fact that the owner has complete control over the end result.
The main disadvantage of building a custom home is definitely the uncertainty, because the truth is there’s no guarantee that the project will turn out as you imagine it. By buying a home that is already built, you don’t buy the house of your dreams, but you know what you are paying for, while in the case of a custom built home it is sometimes hard to see the bigger picture. This is why it is so important to choose a great contractor. You can easily find a list with possible contractors in your area by doing a simple online search. For example, if you live in the Calgary area, you can simply type in “custom built homes Calgary” and you will get an extensive list, which you can narrow down by looking at online feedback, experience and portfolio.
Spec homes are homes that are built for a speculative purpose, to be sold later on. Although the buyer can have some options if the home isn’t completely finished (selections like paint and tile color, general design etc.), buying a spec home usually means limited freedom of choice for the owner.
Tract homes are the most inexpensive types of homes available out there, because the contractors buy the building products in bulk, at a much cheaper price. Their main advantage is their price, but this may mean that the quality of the build may have been neglected when some of the building choices were made.