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"Spec House"? #35292 03/07/04 05:21 PM
Joined: Mar 2001
Posts: 2,056
R
Redsy Offline OP
Member
Does this mean a house built on "speculation" that someone will buy it?
Or a tract house with generic specifications?

Work Gear for Electricians and the Trades
Re: "Spec House"? #35293 03/07/04 06:32 PM
Joined: Jul 2002
Posts: 680
W
walrus Offline
Member
Speculating that someone will buy it.

Re: "Spec House"? #35294 03/07/04 08:02 PM
Joined: Mar 2001
Posts: 2,056
R
Redsy Offline OP
Member
Thanks, walrus

Re: "Spec House"? #35295 03/07/04 08:18 PM
Joined: Mar 2002
Posts: 582
R
Ron Offline
Member
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
Re: "Spec House"? #35296 03/07/04 08:31 PM
Joined: Mar 2001
Posts: 333
S
stamcon Offline
Member
The house is not being built for anyone specific, just speculating that someone will want to buy it.


Steve
Re: "Spec House"? #35297 03/12/04 08:42 AM
Joined: Dec 2003
Posts: 524
Attic Rat Offline
Member
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..?????? [Linked Image] [Linked Image]
AR


.."if it ain't fixed,don't break it...call a Licensed Electrician"
Re: "Spec House"? #35298 03/12/04 09:23 AM
Joined: Aug 2003
Posts: 1,374
R
Ryan_J Offline
Moderator
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
Re: "Spec House"? #35299 03/12/04 12:03 PM
Joined: Jan 2004
Posts: 615
J
Jps1006 Offline
Member
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.

Re: "Spec House"? #35300 03/12/04 12:33 PM
Joined: Apr 2001
Posts: 449
F
Fred Offline
Member
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".

Re: "Spec House"? #35301 03/12/04 04:33 PM
Joined: Jun 2003
Posts: 1,143
D
DougW Offline
Member
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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