Custom, Spec and Tract Homes: What’s the Difference?

There are many types of residential properties you’re going to encounter during your research, and these include custom, speculative and tract homes. Today, we discuss the difference between these types of homes.

Tract Homes

Tract homes are sometimes called “cookie-cutter” homes because they follow a standard style and design. They are a common type of home used in mass housing and residential development areas. Their main advantage is their low cost, which makes them a good choice if you have a tight budget. The problem with this type of home is that you don’t have control over how it is constructed. A tract home also has unstable resale value since it’s too common and affordable.

Speculative Homes

A spec home is fully constructed or already near completion when a buyer purchases the property. It’s a popular choice when economies are thriving. It comes in various designs and styles, and if you happen to find a half-finished build for sale, you can buy it and have it customized by home remodelers to your specifications. However, when it comes to spec homes, what you see is what you get most of the time. And the home design you’ll get is not unique in the community.

Custom Homes

Custom homes are the best choice for homeowners who want their homes specifically built and designed to their preferences. From the color choices to the features of the property, a custom home is whatever you envision for your residence. Your budget is allocated according to your priorities, so make sure you’re aware of every cost involved in the project. However, the sheer scale of options for a custom home can also be its biggest disadvantage. That’s why it is best to consult experts and thoroughly plan every action to get the best results and avoid a lengthy construction period.

If you need a custom home with high-quality remodels, Nuss Construction Company can help! Since 1967, our company has been providing excellent remodeling and custom home services to many clients. We also work with residents who need roof repairs or siding replacements.

To get started with your custom home project, fill out our contact form or call us at (856) 988-9982. We serve communities in Cherry Hill and Mt. Laurel, NJ.