Custom Homes
Encyclopedia
A custom home is a one-of-a-kind home that is designed for a specific client and for a particular location. The custom home builder may use plans created by an architect
or by a professional home designer. Custom homes afford consumer
s the opportunity to control layout, lot size, and accessibility.
In most cases, custom home builders construct on land the home buyer already owns. Some developers sell fully serviced lots specifically for the construction of custom homes. This makes it easy to build a custom home since the lot is construction-ready and builder
s can focus purely on the design of the home.
Custom home builders generally:
• Build on land already owned. Some custom builders also build on land they own which is known as a spec home – short for speculative.
• Build unique houses. A custom home is a site-specific home built from a unique set of plans for the wishes of a specific client. For this the services of an architect
are used. Some custom builders may offer design/build services.
• Build single-family home
s.
• Are generally small-volume builders.
• Tend to build high-end homes.
Production home builders generally:
• Build on land they own.
• Tend to use stock plans, but usually offer a variety of plan choices, upgrades and options.
• Build all types of housing — single-family, condos
, town houses, and rental properties.
• Are large-volume builders.
• Generally build for all price point
s.
Architect
An architect is a person trained in the planning, design and oversight of the construction of buildings. To practice architecture means to offer or render services in connection with the design and construction of a building, or group of buildings and the space within the site surrounding the...
or by a professional home designer. Custom homes afford consumer
Consumer
Consumer is a broad label for any individuals or households that use goods generated within the economy. The concept of a consumer occurs in different contexts, so that the usage and significance of the term may vary.-Economics and marketing:...
s the opportunity to control layout, lot size, and accessibility.
In most cases, custom home builders construct on land the home buyer already owns. Some developers sell fully serviced lots specifically for the construction of custom homes. This makes it easy to build a custom home since the lot is construction-ready and builder
Builder
Builder may refer to:* General contractor, that specializes in building work**Subcontractor* Construction worker who specializes in building work* Builder a component of modern detergents...
s can focus purely on the design of the home.
Custom home builders generally:
• Build on land already owned. Some custom builders also build on land they own which is known as a spec home – short for speculative.
• Build unique houses. A custom home is a site-specific home built from a unique set of plans for the wishes of a specific client. For this the services of an architect
Architect
An architect is a person trained in the planning, design and oversight of the construction of buildings. To practice architecture means to offer or render services in connection with the design and construction of a building, or group of buildings and the space within the site surrounding the...
are used. Some custom builders may offer design/build services.
• Build single-family home
Single-family home
A single-family detached home, also called a single-detached dwelling or separate house is a free-standing residential building. It is defined in opposition to a multi-family dwelling.- Definitions :...
s.
• Are generally small-volume builders.
• Tend to build high-end homes.
Production home builders generally:
• Build on land they own.
• Tend to use stock plans, but usually offer a variety of plan choices, upgrades and options.
• Build all types of housing — single-family, condos
Condominium
A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights...
, town houses, and rental properties.
• Are large-volume builders.
• Generally build for all price point
Price point
Price points are prices at which demand for a given product is supposed to stay relatively high.- Characteristics :Introductory microeconomics depicts a demand curve as downward-sloping to the right and either linear or gently convex to the origin...
s.