Glossary
What is a Spec Home vs Custom Home?
A spec home is a new home built without a specific buyer. A custom home is built for a specific buyer who controls design, selections, and finishes.
Definition
A spec home is a new home built on speculation — the builder chooses the lot, floor plan, selections, and finishes, then markets the finished home to buyers. A custom home is built for a specific buyer who is involved from the start and controls design, selections, allowances, and upgrades.
Frequently Asked Questions
Related Glossary Terms
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