IKON Homes New home builders construct beautiful and energy-efficient homes in many different styles. For example, Rockwell Developers builds homes in the Tudor, Georgian, Shingle and Mediterranean styles.
While there may be less room for negotiation when buying a new construction home, buyers should still use an experienced real estate agent to review contracts carefully. That way, any quirks will be spotted before they cause a problem.
Tract Homes
Tract homes are usually built in a development with many houses that all look similar. Builders can save money on building materials as they buy them in bulk because the house designs are identical. It also allows for a faster construction process because the builders can repeatedly work with the same plans.
The downside of this type of home is that living in a neighbourhood with all the identical houses can be tedious. It can also be challenging to make your house stand out from the rest, and you might feel like you’re always trying to keep up with the Joneses in terms of your home’s exterior. Additionally, strict community guidelines may prevent you from making specific changes or upgrades to your home.
Often, tract homes are designed to appeal to a specific demographic. It can include young professionals or families that want to be close to their workplaces and public transportation routes. They can also be snapped up by landlords looking to add properties to their portfolio for rent purposes. It can lead to a lack of diversity in the neighbourhood, as different generations are unlikely to purchase these houses.
When buying a tract home, it’s essential to consider the pros and cons before deciding to purchase. If you have any questions about this type of home, speak with a qualified real estate agent who can help you understand your options.
The most significant benefit of purchasing a tract home is its low price. Because the houses are built quickly and efficiently, they can be sold for less than if built individually by a custom IKON Homes new home builders. Additionally, they are typically located in high-demand areas where the cost of living is lower than in other parts of town.
Another significant advantage of a tract home is that it can be easier to procure financing. Because the developer is familiar with the type of home they are building, they can streamline the builder process by working with a preferred lender. However, shopping around for the best rates and fees is always a good idea before deciding on a particular lender.
Spec Homes
If you’ve ever gone house hunting in a new construction neighbourhood, you might have seen houses advertised as spec homes. Spec homes aren’t usually as customizable as custom homes, but they still allow the builder to provide attractive features for homebuyers.
If the spec home builder has been building homes for a while, they may know what features will appeal to buyers and what might not. It helps them avoid the risk of expensive upgrades that might not be a hit with homebuyers.
It also means they can ensure the home is built to a high standard, with quality materials and fixtures. They can also get reasonable prices on flooring, cabinets and paint colours. They’ll be able to use these savings in marketing their spec homes, which can help them get more sales.
Spec homes can be an excellent choice for some homebuyers, especially if they’re in a hurry to move or don’t want the stress of the whole construction process. But it would be best if you always had a real estate agent accompany you when viewing them so that you can look out for things that might not meet your needs and negotiate.
Production Homes
Production builders, also known as tract homes, are home builders who build communities based on a selection of floor plans that can be adjusted to some degree to match the buyer’s preferences. They are generally less expensive than custom builders and can be built much quicker, making them an excellent choice for buyers who require a move-in date sooner rather than later.