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

#35293 03/07/04 06:32 PM
Joined: Jul 2002
Posts: 680
Speculating that someone will buy it.

#35294 03/07/04 08:02 PM
Joined: Mar 2001
Posts: 2,056
Redsy Offline OP
Thanks, walrus

#35295 03/07/04 08:18 PM
Joined: Mar 2002
Posts: 582
Ron Offline
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.

#35296 03/07/04 08:31 PM
Joined: Mar 2001
Posts: 333
The house is not being built for anyone specific, just speculating that someone will want to buy it.

#35297 03/12/04 08:42 AM
Joined: Dec 2003
Posts: 524
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]

.."if it ain't fixed,don't break a Licensed Electrician"
#35298 03/12/04 09:23 AM
Joined: Aug 2003
Posts: 1,374
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
#35299 03/12/04 12:03 PM
Joined: Jan 2004
Posts: 615
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.

#35300 03/12/04 12:33 PM
Joined: Apr 2001
Posts: 449
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".

#35301 03/12/04 04:33 PM
Joined: Jun 2003
Posts: 1,143
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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