When it comes to building a new home, you’ll often hear terms like “custom home” and “custom spec home.” While they may sound similar, the cost, process, and level of personalization can vary significantly between the two. Understanding the differences will help you decide which option best fits your vision and budget.

Let’s break down the costs and key distinctions between custom homes and custom spec homes.

A custom home is designed and built entirely to your specifications. You work with architects, designers, and builders to create a one-of-a-kind residence that reflects your lifestyle, preferences, and needs. From the floor plan to the finishes, every detail is chosen by you.

Custom Home Costs

Custom homes typically cost more due to the high level of personalization and craftsmanship involved. Here’s a breakdown of the costs:

• Design Fees: $10,000 - $50,000 or more, depending on the complexity of the design.
• Construction Costs: $150 - $500 per square foot, influenced by materials, finishes, and labor.
• Land: Varies widely based on location and lot size.
• Permits and Fees: $5,000 - $20,000.
• Extras: Unique features like smart home technology, custom cabinetry, or specialty materials can add to the cost.

Typical Budget Range: $500,000 - $1,000,000+.

Who Is It For?

Custom homes are ideal for homeowners with a clear vision who want complete control over every aspect of their home’s design and construction.

A custom spec home is built by a developer or builder as a “speculation” project—meaning they build it with the intention of selling it. These homes often include upgraded finishes and some customizable options but are not designed from scratch for the buyer.

Custom Spec Home Costs

Spec homes are generally more affordable than custom homes because they’re built with efficiency and market appeal in mind. Here’s a breakdown of the costs:

• Design Costs: Included in the builder’s budget; buyers typically don’t pay for custom designs.
• Construction Costs: $100 - $200 per square foot, as materials and labor are standardized to reduce expenses.
• Land: The builder often owns the lot and includes the cost in the sale price.
• Permits and Fees: Covered by the builder and factored into the home’s price.
• Extras: Limited options for upgrades or changes, such as flooring, countertops, or fixtures.

Typical Budget Range: $300,000 - $600,000.

Who Is It For?

Custom spec homes are perfect for buyers who want a new home with some degree of personalization but don’t need full control over the design process.

Custom Home

• Fully personalized design
• Higher cost due to unique features
• Typically longer build time(12-18 months)
• Land chosen and purchased by the homeowner
• Total control over every detail

Custom Spec Home

• Pre-designed with limited customization
• Lower cost due to standardized building
• Typically shorter build time (6-12 months)
• Land typically provided by the builder
• Limited options for personalization

Choose a Custom Home If:

• You have a clear vision and want full control over your home’s design.
• You’re willing to invest more time and money to create a truly unique space.
• You need specific features or layouts that aren’t available in standard designs.

Choose a Custom Spec Home If:

• You want a more affordable option with a quicker timeline.
• You’re happy with a pre-designed home that offers some personalization.
• You want the convenience of move-in-ready construction.

At HoneyB Construction, we specialize in both custom homes and custom spec homes. Whether you want a fully tailored design or a beautifully crafted spec home with personalized touches, we’re here to guide you every step of the way.

Contact us today to explore your options and find the perfect fit for your vision and budget.