When purchasing a new construction home from a home builder, you generally have two options. You can intricately select each element of your home, though this can prolong your move-in date up to six-months to a year. Or you can choose a spec home, with hand-picked options provided by the builder, ensuring a comfortable living experience without sacrificing your time.
Spec homes are constructed by home builders who understand the balance between amenity and reliability. Spec homes, or move-in-ready homes as they’re also called, provide all the stability of a standard new home while empowering customers to know exactly what home they’re buying. Rather than envision what their house will eventually look like, interested families can walk the floor of a spec home with the confidence of knowing this house is the one they’ll be living in. Below are five key benefits of purchasing a spec home.
The Top 5 Benefits of Buying a Spec Home
1. Spec Homes Are Affordably Priced
It should come as no surprise that one of the greatest benefits to purchasing a spec home are the savings, and those savings are not from where you’d expect. Oftentimes ascribed to the construction, spec homes have garnered an unfair reputation in some corners as “cheap,” when really their affordability is defined by efficiency.
Quality home builders invest their time in blueprints and design plans they know will turn into sturdy and reliable homes. By removing the potential for poor design choices, home owners are afforded peace of mind at no additional cost.
2. They Can Reduce Risk
The housing market is booming, and people have begun seeing homes as a sound investment for their future. The danger in flipping homes, especially older ones, are the unseen costs hidden beneath floorboards and within walls. Damages to repair, appliances to replace, and unforeseen complications can drive up the cost of a once affordable home to astronomical levels. These expenses rob your investment of its value, leaving you with your pockets turned-out.
Investing in a spec home grants you the relief of knowing your home, its appliances, and all related components are brand new and designed with the most popular tastes in mind. The spec home provides an immediate and comfortable residence that’s also a reliable investment.
3. Spec Homes Offer Immediate Availability
Much can be said about the benefits of a home that’s ready when you are. As the market continues to grow, more and more families are looking to settle in a place they can set down roots. But those who choose to build custom homes or plan-based homes can wait upwards of a year before being able to move in.
Spec homes eliminate the lengthy wait so often tied to new construction. Oftentimes, a family can do a complete walk-through one day, purchase the home, and move in just weeks later. That level of expediency is hardly ever found in custom builds, often asking the perspective owners to commit time and money to the planning of their home long before it becomes a reality.
4. Balanced Amenities
Purchasing a new home is an exciting time. The opportunity to make new memories in a fresh setting can fill people with such positivity, it blinds them to potential pitfalls and excessive expenses. Filling your home with cutting edge appliances and expensive extra options can seem appealing at first, but when the bills come and the overall cost of the home rises, any perceived savings can easily be lost.
Spec homes benefit from the experience of the builder in more ways than construction. Many important decisions are made by the builder during the design process, using what’s known to be popular among past customers to choose options. This cost-saving approach can ensure your home has everything it needs to support a happy future while not breaking the bank with unnecessary expenses.
5. Walk Through Before You Buy
The construction of a home is a process, demanding each step be met with consistent concern. Improperly laid foundations can impact the pitch of your floor, which in turn impacts the smooth swing of your doors and so-on. A consumer waiting for their home to be completed could spend up to a year waiting, only to find things don’t work quite like they should, turning a dream home into a series of begrudging concessions.
A spec home, however, is ready to be presented the moment you are ready to walk through it. When you walk through your quick move-in home, you can test every door, drawer, cabinet and kitchen appliance to be certain your purchase is one you can be proud of.
Many home builders, including K. Hovnanian, now offer innovative ways to tour spec homes. Out-of-town home buyers, or those who prefer to tour their potential new home from the comfort of their living room, have the option of taking a virtual tour, exploring every room and area of the home online. In addition, self-guided home tours are available to those whose schedules do not allow to visit during the sales office hours, or who are simply more comfortable with a reserved private tour. Whatever your preference, families looking to purchase a spec home have opportunities to inspect every detail of their new home prior to making the purchasing decision.
As a potential homeowner, the ability to shed any additional concerns regarding the design and development of your home means more time spent focusing on the memories soon to fill it. With affordable price points, balanced amenities, immediate availability and reduced risk, spec homes are an ideal option for homebuyers hunting for a new construction home.
To learn more about our new homes and find a community near you, visit khov.com.
Last Updated on March 23, 2022