FAQ: What is a Spec Home?
A new home sold while under construction is called a Spec Home.
A Spec Home is a fabulous option for those who want the benefits of a brand-new home without the wait! Why? Because you skip the entire pre-construction phase of researching, planning, and awaiting permits for the build.
Depending on the stage of construction, our experienced building and design team will already have made the majority of design decisions for you. This means you won’t have the same flexibility to make plan changes that you have with one of our house and land packages. The plus side to this is that you needn’t rely on plans and colour swatches to imagine what the home will look like. You can walk through the property as it is taking shape!
From a financial perspective, buying a Spec Home is much simpler than a typical new home contract. A Spec Home is sold with settlement upon completion so that you can avoid potentially complex lending arrangements and progress payments.
Whether you choose a Spec Home or a Lansell House and Land Package depends on your needs and preferences.
If you’re the type of person who enjoys being involved at every step in the process, a new build might be the way to go. A Spec Home is an excellent option for buyers who want a more streamlined build, investors who don’t want to have their money tied up during a new build process, and first-home buyers who wish to build a new home without paying progress payments and rent. Either way, it pays to consult with an experienced builder like Lansell Homes – who has a proven track record, is customer-focused, is financially secure, and is experienced in Spec Home construction.
At Lansell Homes, we build premium-quality new homes at a fixed price, with everything included, so you can move in with nothing more to do!
Contact us today to learn more about completing your build to a level well beyond that of all other Bendigo builders.
