Spec House Definition

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Define house. house synonyms, house pronunciation, house translation, English dictionary definition of house. ) n. pl. houses ) 1. a. A structure serving as a dwelling for one or more persons, especially for a family. b. A household or family. 2. Something, such as.

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How to Build a House - SeriesNo part of this story makes any sense, but we’ll tell it to you anyway: back in August, a completely ridiculous spec megamansion hit the market. they were winning with a $70 million offer. The.

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.

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.

Define spec. spec synonyms, spec pronunciation, spec translation, English dictionary definition of spec. Informal n. 1. specs The specifications, as for a building to be constructed.

SPEC HOMES – The term "spec" is short for speculative home for sale. Builders, even custom builders sometimes build homes for sale with no particular buyer in mind. Builders, even custom builders sometimes build homes for sale with no particular buyer in mind.

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.

Best Answer: A "Spec" house is one built for resale. The builder is SPECULATING (or gambling) on the housing market that he can build the house and sell it for a profit. Many new homes built in developments are built on spec

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