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#35292 - 03/07/04 02:21 PM "Spec House"?
Redsy Offline
Member

Registered: 03/28/01
Posts: 2138
Loc: Bucks County PA
Does this mean a house built on "speculation" that someone will buy it?
Or a tract house with generic specifications?

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#35293 - 03/07/04 03:32 PM Re: "Spec House"?
walrus Offline
Member

Registered: 07/25/02
Posts: 671
Loc: Bangor Me. USA
Speculating that someone will buy it.

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#35294 - 03/07/04 05:02 PM Re: "Spec House"?
Redsy Offline
Member

Registered: 03/28/01
Posts: 2138
Loc: Bucks County PA
Thanks, walrus

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#35295 - 03/07/04 05:18 PM Re: "Spec House"?
Ron Offline
Member

Registered: 03/13/02
Posts: 577
Loc: White Plains, NY
I understand it to be a house built with standard specification grade stuff. No custom requests. For example, no ceiling fan boxes, no recessed fixtures, nothing above minimum code, etc. Just the basics.
Of course there is speculation whether someone will buy it that way, but I don't think that is the derivation of the term.
_________________________
Ron

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#35296 - 03/07/04 05:31 PM Re: "Spec House"?
stamcon Offline
Member

Registered: 03/24/01
Posts: 322
Loc: So San Francisco CA
The house is not being built for anyone specific, just speculating that someone will want to buy it.

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#35297 - 03/12/04 05:42 AM Re: "Spec House"?
Attic Rat Offline
Member

Registered: 12/14/03
Posts: 530
Loc: Bergen Co.,N.J. USA
Ok,...which is it...I always thought it meant "built to/by specification"like Ron had stated.I'm not doubting anyone here,I just don't know the real answer..??????
AR
_________________________
.."if it ain't fixed,don't break it...call a Licensed Electrician"

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#35298 - 03/12/04 06:23 AM Re: "Spec House"?
Ryan_J Offline
Moderator

Registered: 08/19/03
Posts: 1355
Loc: West Jordan, Utah, USA
I have always been led to beleive that it has built "built to the specifications of a potential buyer".

For example, a conversation that often occurs between me and a homebuilder would be as follows:

Me: Have you got a buyer for this house?
Builder: Well, I had one but he backed out.
Me: Are you gonna lose your *** on the deal?
B: Probably, I had it all spec'd out for him.
_________________________
Ryan Jackson,
Salt Lake City

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#35299 - 03/12/04 09:03 AM Re: "Spec House"?
Jps1006 Offline
Member

Registered: 01/22/04
Posts: 609
Loc: Northern IL
Well I can't give you the real answer either, but I thought that "spec" meant that the builder did the specifiying because there was no buyer yet. Short for builder specified.
But I never heard speculation as an alternative. hmmmmmmm. I don't know. I still have my chips on specified.

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#35300 - 03/12/04 09:33 AM Re: "Spec House"?
Fred Offline
Member

Registered: 04/30/01
Posts: 461
Loc: Straughn, IN 47387
I have done dozens of "spec" homes. They have ranged from plain and simple to extravagant as far as bells and whistles go. A "spec house" is a house built to the GC's specs as a speculation home for the GC to market and sell after it is complete. If you build a dozen tract homes in an addition and they aren't sold to anyone before completion they are spec houses. Conversly, a home constructed for an individual, with options of their choosing, to occupy as their home is a custom home. I have done spec homes that had all the bells and whistles like automated HVAC and lighting, central vac, video, security, heated tile floor, etc. They always sold and I could never figure out why someone would pay $700,000.00 for a new house they didn't choose the floorplan and amenities for. If I had access to that king of money you can bet the house it would buy would suit me to a "T".

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#35301 - 03/12/04 01:33 PM Re: "Spec House"?
DougW Offline
Member

Registered: 06/08/03
Posts: 1083
Loc: North Chicago, IL
I'd add a third option, Fred - "Semi-custom" seems like it would describe your "custom" homes a lot more accurately: where the buyer chooses from one of four or five floorplans and option lists.

ICK - little boxes made of ticky-tacky...

All of the "customs" we've done came with individual prints, and were designed by arky-tekts as "individual" homes.

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