What Is a Spec Home in Clarksville TN?
You may have heard the term used by real estate agents or builders. The term "Spec" refers to speculative building and is when a builder picks the plan and builds to his own specification and doesn't have a buyer asking for customization. This could be any size home and include any type of features. It depends on the restrictions and the builder's preferences as to what the house will look like. Most of Clarksville TN builders build this way.
See new speculative homes available for sale in Clarksville.
Many major home builders tend to have a portfolio of plans that they build but they do allow a buyer to customize some features if the buyer buys early enough in the building process. A "Spec" home in Clarksville may have some upgrades and features that the builder thinks today's buyers will want. Afterall the point is to sell the home and to do that you have to appeal to buyers and make them want the home.
There is a point where adding features is not cost effective and the price is driven up so much that buyers cannot afford it. So a discerning home builder will use discretion and add the most popular and expected items into the home at the beginning. Other upgrades that can be added at the last minute like tile, hardwood floors, upscale lighting, extra large patios, etc. that are requested by the buyer are considered extras and paid on top of the base house price. Sometimes these extras are not given extra value in the home's appraisal so would have to be paid out of pocket by the buyer.
Is it a bad thing to buy a "Spec" home? No, not at all. A home that is finished has its advantages too. A buyer can move in quickly and knows exactly how it turned out. Building a custom home is not for every buyer. It is a proven fact that buyers like new, like the smell of new and like knowing that nobody has like in the home before them. Spec homes satisfy this segment of the market and allow buyers to buy new without making selections.
What is a Spec Home in Clarksville TN?
If you buy a new home you still need an agent to represent you and advise you as to whether you need additional warranties and home inspections. In Clarksville TN contact Debbie Reynolds at 931-320-6730.
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