Build Your Dream Home in Central Texas

Resale Home: A resale home is a previously owned home, sold by the current owner, usually located in established neighborhoods.

Spec Home: A spec home (short for speculative) is a newly built home constructed by a builder without a specific buyer in mind, designed with general buyer preferences.

Custom Home: A custom home is built from scratch based on a buyer's specifications, allowing for complete control over the design, materials, and features.

Financing a resale home is typically straightforward, as it follows the conventional mortgage process. You secure a loan based on the agreed-upon purchase price, and the property is already built and ready for occupancy.  Traditional loan types include Conventional, FHA & VA loans.

For spec homes, financing also follows a standard mortgage process since the home is already built, but it may qualify for builder incentives like lower interest rates or closing cost assistance, depending on the builder.

Custom homes often require a construction loan instead of a standard mortgage. This type of loan covers the building process and is usually disbursed in stages as construction progresses. Once the home is complete, you can convert the loan into a standard mortgage.

Resale homes are typically located in established neighborhoods with mature landscaping and amenities already in place. They offer immediate move-in availability and tend to be less expensive than new construction. Buyers can also assess the home’s condition and neighborhood before purchasing.

Spec homes offer the benefit of new construction without the waiting period of a custom build. These homes are ready for immediate move-in or close to completion. Builders often incorporate popular design trends and features, and some may offer incentives like upgrades or lower closing costs. This is a good option for someone looking for a new home feel, without carrying the burden/cost of a construction loan - as the builder carries the note.

Custom homes allow you to design the home exactly to your preferences, from the layout to the materials used. You have control over every aspect of the build, making it highly personalized to your needs and lifestyle. It’s an ideal choice if you want unique features or have a specific vision in mind.

Resale Home: The process can take 30 to 60 days from offer to closing, depending on financing and negotiations.

Spec Home: These homes are often move-in ready or near completion, so the timeline is generally quick—similar to buying a resale home.

Custom Home: Building a custom home can take anywhere from 6 months to over a year, depending on the complexity of the design, permits, and construction schedule.

Resale Homes: Typically less expensive upfront, but may require updates or renovations, adding to the overall cost.

Spec Homes: Prices can be slightly higher than resale homes but generally lower than custom homes. Builders often offer fixed pricing, though upgrades may increase the cost.

Custom Homes: Custom homes are generally the most expensive due to the personalized nature of the construction, labor, and materials. There are also additional costs like architectural fees, permits, and land acquisition.

Resale Home: Warranties are usually not available unless the home is relatively new. Buyers may purchase a home warranty to cover certain repairs. A buyer can also request a home warranty credit, in the negotiation process.

Spec Home: Spec homes typically come with a builder’s warranty covering construction defects and structural issues for a certain period.

Custom Home: Custom homes also come with a builder’s warranty, which often includes more comprehensive coverage, as the entire home was built specifically for you.