Spec House Definition

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Home Builders – Understanding the difference between a Custom. – Spec Home Builders are built by builders who buy a lot or land, build a house, and then sell the home. The builder "speculates" that he will make money from this transaction of buying a lot and building a custom or semi-custom home on it.

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How Spec Work for Real Clients Can Lead to a Job – In a nutshell, spec ads are ads you've written or produced yourself on behalf of a client, a young female designer working in a home office.

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The Advantages of Spec Building – biggerpockets.com – I had an active partner on the ground in Austin, while I was the passive investor. We bought a lot (old small house on it) for $72K, built for about $93K, and sold for $265K, giving us $100K in gross margin. 3: What piece of advice would you give to someone looking to expand their investing to spec building?

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Specification (technical standard) – Wikipedia – A specification often refers to a set of documented requirements to be satisfied by a material, design, product, or service. A specification is often a type of technical standard.. There are different types of technical or engineering specifications (specs), and the term is used differently in different technical contexts.

What is a Spec House – Devonshire Custom Homes – The term "spec house" means it is a speculative venture for the builder, built with the intention of selling it as-is or with minimal changes to a home buyer. Should I Consider a Spec House? First it’s important to understand, in the building industry, there are different types of homebuilders.

Specced | Definition of Specced at Dictionary.com – Specced definition, specification(def 2). See more. on spec, made, built, or done with hopes of but no assurance of payment or a sale; without commitment by a client or buyer: ad illustrations done on spec; luxury homes built on spec and sold before completion.

How Hard Is It To Build A House How to Design and Build Your Own Custom Home | Real Estate. – A multistory house, for example, is cheaper to build than a single-story house, but it may not be the best choice for a retirement home. You may be set on a stone house until you discover it costs 50 percent more than a wood-frame house.