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What is a spec home?
Spec is short for speculative. It means that the home was a speculative investment for the builder. Spec homes are homes that the builder built without a buyer in mind. They design and build the whole custom home and hope that it satisfies the needs or desires of a buyer. The builder will then try and sell it just like a normal home, however it is brand new and never been lived in at all.
Sometimes called ‘Move-in ready’, these homes are the best of both worlds between convenience and amazing construction. Which are two of the biggest reasons that people want to buy spec homes.
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|All Listings||Under $100,000||$100,000 - $200,000|
|$200,000 - $300,000||$300,000 - $400,000||$400,000 - $500,000|
|$500,000 - $600,000||$600,000 - $700,000||$700,000 - $800,000|
|$800,000 - $900,000||$900,000 - $1,000,000||Over $1,000,000|
Why Buy a Spec Home?
There are many reasons to buy a spec home—aside from the two mentioned above. For instance, there are some people that don’t care for the customization process, but want a unique home, and are not certain about how they would want it built in the first place. These people can buy a unique and customized home without the hassle of undergoing the building process when they buy a spec home.
Another benefit to buying a spec home is, depending on what point in the spec home’s construction process that it is built, the new owner can do minor customizations like choosing the fixtures and so on.
Spec home builders in Boise
Just about every builder in the Boise area builds spec homes. So, no matter the price range or tastes a person has, they will be able to find a home that will work for them. Some of the most notable builders in the area are Corey Barton Homes, Paradigm, James Clyde, and Boise Hunter Homes. Now, these aren’t all of the builders available in the area, but they are some of the more popular. There are many more to choose from.
These builders, and others, build just about anywhere in the valley making it easy for a location to be chosen as well.
Pros of a spec home
To review, there are many pros and cons of buying spec homes. Some of them may appeal to certain people, while others may not. It all depends on the situation of the buyer.
Move in ready
Being move in ready is one of the biggest draws for prospective buyers—as stated above. Since the home is uninhabited and already built, a buyer could move in at any time.
Again, a spec home is a big draw because it is new. They don’t have to worry about inheriting the previous owner’s dirt and grime—rather it is new and clean.
They can see the finished product
As wonderful and exciting it is to design and build a home, the prospective buyer starts paying for it before they can see the finished product. If, when the home is finished, the prospective buyer does not like it, they will be stuck with it until they can sell it and move elsewhere. Which is a problem that is eliminated if they buy a spec home.
Cons of a spec home
Like everything else, there are also cons to buying a spec home.
Hardly any input
As stated earlier, a buyer of a spec home has little or no control over how the home is built, unless they buy it while it is still under construction. This is the source of many other problems that arise with spec homes.
May pay for things they don’t want
Since the home is already designed and built, there may be things added to it that a home buyer might not want. This means they will be buying unnecessary or unwanted features.
May not have everything they need or want
In conjunction with the first two cons, there is always the possibility that the only home available in the buyer’s price range does not have everything they need or want. This can cause problems or feelings of dislike in the future for the owner and may ultimately make them regret the decision to buy the home.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.
Listing information last updated on November 28th, 2020 at 5:45am MST.