How to Build Spec Homes

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How to Build Spec Homes – This is a place for the community to provide tips and advice on How to Build Spec Homes. This topic was created by Wind 3043 and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - The Advantages of Spec Building

Published: 9 years, 1 month(s) ago | Submitted by f 00dog | permalink

Three experienced real estate investors chime in and share their experiences with spec building, sharing its advantages and their best advice for success with specs.

For further reading: http://www.biggerpockets.com/renewsblog/2012/06/07/spec-building-development/ ^[1]

Tip 2 - Interested in building spec homes? Get critical advice from Storybook Properties

Published: 9 years, 1 month(s) ago | Submitted by Dubscout | permalink

Building spec homes can make or break you. Critical advice from Jennifer of Storybook Properties can reduce the risks!
Tags: building spec homes,build spec homes,spec home building,home building for spec,spec building homes

For further reading: http://www.storybook-properties-av-homes.com/building-spec-homes.html ^[2]

Tip 3 - Home Builder Turns to More ‘Spec’ Building To Battle Resales

Published: 9 years, 1 month(s) ago | Submitted by Fred Pascucci | permalink

Meritage Homes Corp. has adopted a risky strategy to compete with the less-expensive market for existing homes: building more homes on speculation.
Tags: Meritage Homes

For further reading: http://blogs.wsj.com/developments/2014/10/29/home-builder-turns-to-more-spec-building-to-battle-resales/ ^[3]

Tip 4 - Next Boom? 'Spec' Homes Are Back

Published: 9 years, 1 month(s) ago | Submitted by jsribar | permalink

Homes built without ready buyers were all the rage for builders during the housing boom, before demand disappeared. Now they're coming back.
Tags: Realty Check with Diana Olick, D.R. Horton, Inc., Lennar Corp, business news

For further reading: http://www.cnbc.com/id/100669083 ^[4]

Tip 5 - With Inventory Tight, Speculative Luxury Homebuilding Heats Up

Published: 9 years, 1 month(s) ago | Submitted by Frank Kantner | permalink

Three years ago, Alessandro Cajrati Crivelli, an Italian who founded commercial developer Est4te Four, purchased a 1.3-acre parcel in Holmby Hills, one of Los Angeles’ most exclusive neighborhoods. The lot was right next door to the Singleton Estate (listed at $75 million and currently in escrow) in the heart of [...]
Tags: Business,Places & Spaces,Real Estate,Places & Spaces

For further reading: http://www.forbes.com/sites/erincarlyle/2014/04/02/with-inventory-tight-luxury-spec-home-building-ramping-up/ ^[5]

Tip 6 - Why You Should Build, Not Buy - Bungalow Company

Published: 9 years, 1 month(s) ago | Submitted by Dano DC | permalink

If you want a new home, you should build not buy. I am not saying the process is easier, but if you are up for the challenge you can get more for your dollar. Here is why: 1.) When you buy a new spec house (home constructed by a builder before finding a buyer), you …

For further reading: http://thebungalowcompany.com/build-buy/ ^[6]

Tip 7 - How to Build Spec Homes | eHow

Published: 9 years, 1 month(s) ago | Submitted by shaun shelley | permalink

A spec home is a home built on the speculation that a buyer will purchase the house prior to the issuance of a building permit. Most of the time a spec home will be in the final stages of construction. The following are brief descriptions of some of the necessary steps to build a spec house once you have secured financing. Always ask your local...

For further reading: http://www.ehow.com/how_4967211_build-spec-homes.html ^[7]