A Spec-Home or a Custom Home – Which is right for you?
Land Costs: Spec Homes are generally substantially less expensive because builders such as Marcraft Homes, spend years scouting potential build sites and place standing offers before the land is available to the public, meaning we often are able to secure larger areas for development at a reduced cost.
Building Costs: A custom built home – is exactly that, a custom built home, with a design plan, materials and schedule that is uniquely tied to that individual project. On the other hand, a Spec Home, generally shares features, materials, layouts and styling that is very similar to the other homes – meaning that construction costs and overhead can be shared/split across multiple homes – again, substantially reducing the cost per square foot.
Design Changes: A budget’s biggest enemy. Custom Home projects are much more likely to have changes and costly changes than spec home projects. With our spec homes, most of the decisions have already been made in the plans – and we are now in “build mode”. On the other hand, a Custom Home is where you get exactly what you want, so last minute changes to materials, finishings are more about getting things exactly the way you want rather than adhering to a budget.
Time: Generally, when Marcraft Homes builds Spec-Homes, there is some pent up demand for locations where we have land parcels and we already have potential buyers in mind – meaning that these homes can be built together and placed on the market if they are not spoken for already. Spec-Homes tend to move very quickly when they are listed because buyers have made the decision that they don’t want or have the option of waiting for a Custom Home to be built.
The running theme, of course, is costs. Both in time and money. Working with someone like Marcraft Homes can help keep the costs of building a Custom Home on time and on budget – because we take the time to ensure that all of your ideas are fully discussed and visualized in the design stage.
Questions about the Custom Home Building process? Or curious about our available Spec Home lots? Do not hesitate to reach out to our team!
Marcraft Homes is a luxury custom home builder, building and renovating quality residential homes in Metro Vancouver since 2003. Are you thinking of a major home renovation in Metro Vancouver? Call or email Erynn today and ask for the Marcraft Welcome Kit, our free information gathering tool you can use and share with the Marcraft team to help plan and organize your next home renovation project.