Custom, Spec or Tract?
When you think about what’s on your must-have versus your nice-to-have list for your new home, does one outweigh the other? The kind of builder you choose will depend on your needs, preferences and budget. Tract homes If you’ve ever driven through a new neighbourhood and noticed many similarities between the houses within it, chances are you’re looking at the work of a tract builder. Also known as a production home builder, this type of company buys and subdivides large plots of land to build on. Only minor design changes can be requested by the homeowner, as the builder sticks to a limited selection of pre-designed homes. These builders keep many projects on the go at once. They often build to the minimum codes and use standard materials, which keeps costs down and moves production along quickly but may compromise quality. Spec homes A spec home is also built on a lot the builder has already purchased, based on the builder’s “speculation” it will sell. The style and floor plan