New construction home buying process: Knowing your options
The new construction home buying process differs significantly from the buying process for an existing home. However, one thing that remains the same in each case is that no two homes are exactly alike.
While it’s common for newer developments to have “cookie cutter” homes with similar layouts, many builders have options for customization.
Here is a basic explanation of the major types of new construction home options you’re likely to encounter:
Tract homes
Tract homes are built as part of a large development on a single piece – or tract – of land. Tract homes are mass-produced and usually built quickly, making them an excellent choice for prospective homeowners who don’t want as long a process as a fully custom home would entail.
However, these homes can be almost identical in floor plan and features. While very affordable and convenient, they do lack built-in customization options.
Spec homes
A spec home is a brand-new, move-in-ready home. These homes are sold strictly as-is, so any desired changes and upgrades are your responsibility. The “spec” in spec homes comes from “speculative,” meaning the builder has created a unique design for a particular market.
Therefore, spec homes can vary greatly in style and features, making them a great option for buyers who want something beyond the cookie-cutter of a tract home development.
Semi-custom homes
As the name suggests, a semi-custom home is only partially customized by the prospective buyer. These homes come with many of the structures and features set by default, and others you can customize.
Some builders provide catalogs of options for things like materials, finishes and layouts. Spec homes will generally have the same exterior style, but the interiors depend on the choices of each buyer.
Custom homes
A fully custom home is built to the buyer’s every choice. Working closely with an architect and real estate agent, buyers determine every single detail of the home, from architectural style to light switch location.
While the design and building process mean countless decisions, if you have a vision for the perfect home and a larger budget, a custom new construction house might be the best choice for you.
Every home purchase is different, and even once you decide between new construction and existing homes, you have important choices to make. Keep these new construction options in mind to make the best decision for your future home.
About the Author
Tina Broyles, DRE 01009212 & NMLS 91630
Headline: Tina Broyles: Your Expert Real Estate Agent for Fremont, San Jose, and the Bay Area | eXp Realty
Bio:
As a dedicated real estate professional and a long-time resident of the California Bay Area, I have been proudly serving the real estate community since 1987. My mission is to provide my clients with unparalleled professionalism, in-depth market knowledge, and a caring approach that has resulted in a business built almost entirely on referrals.
Your Trusted Real Estate Advisor in the Bay Area
I specialize in the vibrant and diverse real estate markets of Fremont, Campbell, San Jose, Saratoga, Cupertino, Sunnyvale, Morgan Hill, Santa Clara, Mountain View, and Milpitas, CA. With over three decades of experience, I have a deep understanding of these communities and can provide you with the insights you need to make informed decisions.
One of the most consistent compliments I receive from clients is about my responsiveness to their needs. Your goals are my top priority, and I am committed to being there for you every step of the way. I am honored to have been voted "Best of Milpitas" every year from 2000 to 2020, a testament to my dedication to my clients and my community.
About My Business: eXp Realty
As part of the innovative eXp Realty team, I bring a diverse set of skills and a commitment to excellence to every transaction. We leverage cutting-edge technology that is "beyond expectation" to provide you with a seamless and efficient real estate experience. My team and I offer the perfect balance of experience and professionalism to help you achieve your real estate dreams in the Bay Area.
Community Involvement
I believe in giving back to the community that has given me so much. I am a happily married mother of two and a proud grandmother to two beautiful granddaughters, Audrina and Chesney. In my free time, I enjoy golfing, exercising, and my weekly Bible study. I am also passionate about serving the homeless community in Milpitas and supporting our local businesses.
I would be honored to get to know you and your family and put my extensive real estate experience to work for you.
Credentials:
