Financials
Financials
Business financials advice, reports, and trends for professional home builders and remodelers.
Remodeling Spending To Tick Up Through Mid-2025
The Leading Indicator of Remodeling Activity report says things will trend up after a modest downturn
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6 Strategies to Optimize Gross Profit
Thoroughly estimating and tracking gross profits is the life blood of a business, and one remodeler shares the approach that works well for his firm
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Selling Your Company to Your Team
From company valuation to terms of the transfer, here’s a look at how three different remodelers made the deal work
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What's Beyond the Hammer?
Working with Brian Gottlieb on the book Beyond the Hammer provided a masterclass on how to build an aligned team
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The Ins and Outs of Insulation
Your clients may not see insulation, but they sure feel it. In this age of energy efficiency, more customers are demanding better insulated homes. Heating and cooling costs comprise more than 50 percent of the energy consumed in a single-family home. Adding the recommended levels of insulation will save energy, reduce utility costs and improve comfort.
Products and Technologies to Speed Up the Remodeling Process
Speed your next remodel with 6 proven technologies from the PATH Concept Home that result in faster installation of plumbing, floors, switches and egress systems. Some of these technologies will also enhance the beauty and environmental performance of your project and may cost less to install.
The Payment Schedule
The topic for this month's discussion may seem elementary but actually is much more complex: what's the best way to get paid for your remodeling services? Our participants, Lynne and Jeff, give some valuable insight as to how they manage their payment schedule. Tom: Jeff, I'm going to start with you.
PATH Report: Ageless Designs
Connect these dots: Aging-in-place remodeling is the fastest growing segment of the residential remodeling industry. About 20 percent of the U.S. population will be elderly by 2030, and in 50 years, the percentage of retirees will more than double, according to Harvard University's Joint Center for Housing Studies.
Breaking Away
As Rick Pratt sat in an auditorium for his daughter's graduation from Syracuse University in May 2005, strains of pomp and circumstance filling the room with inspiration and hope, he had an epiphany. If he sold his business, Classic Homeworks, which he had spent 20 years growing into one of metropolitan Denver's most successful design/build firms, he wouldn't be giving up on anything.
LLC, S-Corp or Sole Proprietor?
Tom Swartz talks to a CPA and an attorney who counsel remodelers and help them choose the best business structure for their company.
Materials Costs Skyrocket
There's no relief in sight for remodeling firms that have been hit hard by the increased cost of building materials, says economist Ken Simonson. Simonson, chief economist for the Associated General Contractors of America, said that some of the increases may level off as the housing market cools due to the highest mortgage interest rates in more than four years.
Making Weather Work
You've just completed a new addition with a beautiful pitched roof and high-end windows. After all that hard work, are you ever proud of the job. If you don't block air, manage water vapor and prevent bulk water infiltration, your proud accomplishment could turn into an embarrassing callback.
Breaking the Rules
Whether a remodeler adheres strictly to the industry's tenets or picks and chooses which remodeling rules to follow is a matter of personal prerogative. The following remodelers stick to the rules of remodeling most of the time; however, they don't hesitate to bend the occasional tenet if doing so benefits their companies.
A Taste of Energy Efficiency
Here are the five ingredients of an energy- and water-efficient kitchen, no matter its layout, size or amenities. They are all easy to find and install.