What does Semi-Custom Home mean?

A semi-custom home is a type of home that is built to the specifications of the buyer, but using pre-designed plans and materials. This allows the buyer to have more control over the layout and features of their home than with a production-built home, but at a lower cost than a fully custom-built home. Semi-custom homes are often built by production builders, and the buyer can choose from a variety of options such as flooring, cabinetry, and appliances.

Related Terms

Resale Value Credit Card Discounts Federal Housing Administration (FHA) Modification Gift Planned-Unit Development Electric Service Panel Credit Report Non-Recurring Closing Costs Installment Contract Breach of Covenant Debt Coverage Ratio Parcel Binder Insurance E/O VA Principle of Conformity Cash-Out Refinance