What are tract homes, spec homes and custom homes? These are common terms you’ll want to familiarize yourself with if you plan on building a home in Los Angeles. There are big differences between all three, and knowing what they are will help you make the best decisions for your investment.
Tract home builders buy large tracts of land and build subdivisions with several different floor plans. The home buyer generally has little say over the home design, though they do get to pick out the different design features such as cabinets, flooring and countertops.
The benefit to buying a tract home is that it’s typically cheaper per square foot and has a quicker timeline. Because these homes are built quickly and affordably, the neighborhoods also build out fast. The downside is that your options for layout and home design are limited.
Spec home builders buy land without a buyer but speculate that they can build and sell the home later. A spec home may be custom or semi-custom, though the builder usually makes a lot of these decisions – not the buyer.
To ensure these homes sell quickly, spec builders pick out features that appeal to the broadest market. Beautiful spec homes are built every year, and buyers are able to see exactly what their money is buying them. However, most decisions are already finalized at the time of construction.
Custom home builders construct homes specifically for an individual buyer. People turn to these homes when they want to build their “dream home” with a specific floor plan and layout. Custom home buyers also get to be part of the process, choosing their colors, materials and fixtures.
The advantage to building a custom home is that you have full control over everything, including the lot selection. This ensures you build a home that meets your specific lifestyle. And while custom homes are costly, you also don’t get roped into paying for things you don’t need. You can use your budget for the home features you really want.
Build Your Dream Home with Kavin Construction
Kavin Construction is one of Los Angeles’ premier residential home builders. We have over 45 years experience building custom homes with exceptional detail and expert craftsmanship. We form close partnerships with our clients to ensure they get everything they want – and more. Contact us today to discuss your vision for your dream home in Los Angeles.