EP 73 | Your Guide to Spec and Production Homes – What To Know Before You Buy

In this episode:

In this episode of the Your Project Shepherd podcast, host Curtis Lawson and building performance expert Toner Kersting delve into the world of spec houses and production homes, comparing and contrasting them with custom homes. This episode explores the motivations behind each type of building, the potential pitfalls for homeowners, and the key factors to consider when choosing between a spec, production, or custom home.

TOPICS COVERED:

• Understanding the Terminology:
  • Spec House: A home built on speculation, with the intention of selling it for profit after completion.
  • Production Home: A home built in a planned community or development, often with standardized floor plans and features.
  • Custom Home: A home designed and built to a client’s specific needs and preferences.
• The Motivation Behind the Build: Discuss the differing motivations behind spec homes, production homes, and custom homes, highlighting the profit-driven nature of spec and production building versus the client-focused approach of custom building.
• Types of Spec Builders: Differentiate between professional spec home builders who prioritize quality and brand reputation, and investor-driven spec builders who may prioritize profit over long-term performance and warranty.
• The Role of Time and Cost: Explore how time and cost efficiency drive decision-making in spec and production building, potentially impacting the quality and longevity of the finished product.
• The Importance of the Process: Emphasize the importance of understanding the builder’s process, including design, engineering, and inspection protocols, to assess the quality and potential risks associated with a spec or production home.
• The Value of Third-Party Inspections: Highlight the role of third-party inspections in ensuring quality and compliance with building codes and performance standards, particularly in spec and production homes where oversight may be limited.
• Warranty and Post-Purchase Support: Discuss the importance of a comprehensive warranty program and responsive customer service in addressing potential issues that may arise after purchasing a spec or production home.
• Semi-Custom Homes: Explore the emerging trend of semi-custom homes, offering a balance between customization and affordability, and the potential benefits for homeowners seeking a more personalized production home experience.
• The Allure of Shiny and New: Address the common tendency for homeowners to be swayed by aesthetics and finishes over long-term quality and performance, particularly in spec and production homes.
• The Role of Production Builders: Acknowledge the significant role of production builders in driving affordability and innovation in the housing market, and their influence on pricing and building practices across the industry.
• Making Informed Decisions: Offer practical advice for homeowners considering a spec or production home, including asking detailed questions about the builder’s process, warranty program, and post-purchase support.

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GET IN TOUCH: 

Guest: Toner Kersting

Business Title: Owner

Company: Toner Home Performance

Website: https://tonerhp.com/

Full Transcript