Types of residential construction Flashcards
(4 cards)
1
Q
What are the three types of residential construction?
A
- Spec homes
- custom homes
- tract homes
2
Q
What are spec homes?
A
Homes constructed on purchased lots without first securing a buyer
3
Q
What are custom homes?
A
Homes constructed under contract with a buyer using plans from an architect or the buyer
4
Q
What are tract homes?
A
Model homes built in a new subdivision for buyers to choose from and build on a lot within the new subdivision
