Denver Spec Homes
What is a Spec Home?
A Spec Home (short for speculative home) is a home built by a builder and funded by an investor with the intent to sell for profit. They are called 'speculative', because the investors believe that the real estate market will stay steady or grow while the home is being built. Spec Homes in Denver come in many forms, varying from single family homes and duplex homes to large multi-unit townhomes.
Spec Homes for sale in Denver are typically not listed on the MLS while they are under construction. As new construction experts, Feaster Realty has relationships with countless Denver builders and real estate brokers, resulting in our clients hearing about these highly sought after homes first. Contact us if you are interested in a new construction home in Denver - we'd love to help you be the first to know!
Spec Homes from Feaster Realty
Feaster Realty also works with investors to build and offer our own spec homes. Check out some of our current projects or reach out as we have new home opportunities not yet listed on our website. If you're interested in becoming an investor for these types of projects, you can learn a bit more on our website or just contact us directly.
Why Purchase a Spec Home in Denver?
Modern Amenities, Urban Living - Similar to fully custom homes, spec homes offer open floor plans, chef-style kitchens, tall ceilings and more, all in an urban setting. Many people love spec homes as it results in living close to great restaurants, shops and they often have a shorter commute, without sacrificing comfort of living.
Move-in Quickly - With the Denver real estate market continuing to grow, more and more local builders are building duplex, multi-unit, and occasionally single family spec homes. As a result, the inventory is increasing, making a quick move-in date more common.
Less Stress - While it can be great to fully customize your house, it can sometimes be a bit overwhelming. For those looking for ease, it can be a relief to leave these decisions to the builder.
Modern Style - Modern homes in Denver are becoming increasingly popular, in part due to the increase of Spec Homes in Denver neighborhoods like Berkeley and LoHi. These homes a more modern look, both inside and out, typically appealing to the type of buyers interested in living closer to the city. Specifically, many Denver Spec Homes are modern duplex homes, typically built side-by-side.
Location, Location, Location - Living close to great amenities not only offers you a great lifestyle, but, as the interest in urban living grows, it can also translate into a great investment. Denver's LoHi neighborhood, Denver's Berkeley neighborhood, and Denver's Sloan's Lake neighborhood are currently a few of the popular places for spec homes in Denver.
If you are on a tight budget or timeline, a new home community also offer great homes at a typically lower cost.