Minneapolis Minnesota Real Estate Blog

Custom Home vs. Spec Home Builders in Edina Minnesota, by Mike Weiland, Edina Minnesota Real Estate Expert.

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Deciding between a custom home builder and spec home builder in the Edina Minnesota area will affect the outcome of your new construction project.  So which one is the right choice for you?  The answer depends upon the type of new construction you plan to contract.

A custom built home is a unique project contracted between an individual homebuyer and a builder.  A spec or speculation built home is a house built by a contractor or builder prior to having it sold.  There are benefits of both types of construction to both the builders and homebuyers.

A spec home builder takes on a new project in anticipation of being able to sell the house for profit.  Due to this fact, spec homes are often less individual as a custom built home.  The builder needs to have the property appeal to a large amount of perspective buyers in order to insure a sale during or soon after the construction process.  There are many spec home builders in the Edina Minnesota area that offer various sized semi custom homes for sale.

A custom home builder is hired by a buyer to create a one-of-kind home specific for that homeowner.  The home is usually under contract prior to breaking ground for the project.  The homeowner is able to make choices about style, construction materials, and even how the home is placed on the lot. 

Generally a custom home takes more time to build than a spec home.  Cost can be a factor as well.  Custom homes in the Edina Minnesota area tend to have more unique features that can affect the budget.  Spec homes are often built based on plans and materials used in many similar projects.  Although this can help keep the budget under control, there can be less unique qualities found in a custom home.

Both custom home builders and spec home builders offer new construction homes to fit your individual needs.

Free information is available to you about buying, selling or investing in Edina Minnesota real estate. For complete information about the Edina Minnesota real estate market including new construction, current homes for sale, property values and more please visit the most complete website online dedicated to everything Edina Minnesota real estate at www.Living-in-Edina.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 612-735-6834 or email me at mike@mikeweiland.com.

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