Custom Builder

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

  • custom developer

Definition of Custom Builder

  1. A contractor that builds or remodels houses based on plans submitted by the home owners.

Related Terms and Acronyms

  • Draw Mortgage (DM) Acronym,
    • A periodic payment made to a construction contractor or subcontractor as work progresses. A draw is part of a construction mortgage.
    See Progress Advance Mortgage (PAM).
  • Production Home Definition,
    • Homes that are mass produced as part of housing developments.
  • Semi-custom Home Definition,
    • A house in which the buyer cannot alter the layout, but can specify amenities such as type of cabinets and floor coverings.
  • Field Changes Definition,
    • Modifications made to a building on-site.
  • Speculation Home Definition,
    • A house built before a buyer has been found, on the assumption that one will be found.
  • Builder Upgrades Definition,
    • Refined features or materials that a builder offers for an extra charge.
  • Built-ins Definition,
    • Items, such as appliances and cabinets, that are permanently attached to a building.
  • Cost-plus Contract Definition,
    • An agreement in which a construction contractor receives a fee based on a percentage of all costs paid for labour and materials.
  • Speculation Builder Definition,
    • A developer that builds houses without a commitment from a purchaser.
  • Custom Home Definition,
    • A house built according to plans from an architect hired by the owner.
  • Subcontractor Definition,
    • A person or company that does specialty work for a general contractor.
  • Upgrades Definition,
    • Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.
  • Pre-sold Home Definition,
    • A house that is sold prior to construction as opposed to a house built on spec.
  • Allowances Definition,
    • Money set aside by builders for amenities, such as driveways, landscaping, carpeting and fixtures, that are standard but have optional designs.
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