News
News
Remodeling Spending To Tick Up Through Mid-2025
The Leading Indicator of Remodeling Activity report says things will trend up after a modest downturn
Business
Curbio Joins NAR As New Member Benefits Partner
National Association of Realtors members receive access to the Curbio home improvement platform
NAHB
NAHB Announces Action Plan for Housing Affordability
Six of the proposed 10 action items are important to residential remodelers
Home Improvement
Re-Bath Expands its Reach with New Franchise
The company signs a deal with brothers who are first-time franchisees
Advertisement
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.
Pricing For Profit and Growth
The typical entrepreneur, whether starting a remodeling company or some other small business, has a general idea of what he or she wants to do: Build a company with a great reputation. Be known for quality work. Be his or her own boss. Provide a good life for his or her family. Most of us want these things from our remodeling companies.
Six Key Fundamentals to Success
Last month, I discussed remodeling business treasure: strong margins and quality of life. Let me ask you a question: Do you have those at the level you would like them to be? Depending on the cycle of business growth you are in, the answer is often no. It takes two sets of keys to successfully open the lock to the treasure inside.
There is Nothing Gross About Profit
Part 7 of a Series on Benchmarking Setting a gross profit target — finding a pricing, staffing, operating expense and profit model that is SMART — is the key to all business success. (SMART is defined as specific, measurable, attainable, relevant and time-sensitive.) No one can tell you what to charge for your work or what markup to use.
Winners Offer Competitive Advantage
Interestingly, what product manufacturers think sets them apart from the competition isn't necessarily what remodelers actually value.
Two Birds, One Stone
Creativity doesn't simply extend to remodelers' bump out ability and wall placement strategies. Remodelers' products are an expression and reflection of their experience and credibility. Products are what you leave behind, and they speak volumes after remodelers have walked off the site, especially if something is wrong.
Using the Lead Carpenter System
Some remodelers insist the lead carpenter system is the only way to maintain quality control and customer satisfaction. A lead stays on one project for its duration, doing most of the work himself and communicating directly with the homeowner. Others prefer to use a project manager to handle communication and logistics, outsourcing most labor.
For Remodelers Only
Not every product is cut out for remodeling. Windows and doors have to fit existing openings. Fixtures must work with existing plumbing. Styles and finishes should complement the overall architectural theme. Even when building an addition — technically new construction — remodeling contractors need to blend the new part of the home with the old.
Financing the Dream
Lending has been part of the Custom Design & Construction business model since its inception in 1986. A big part, in fact — not only do the majority of the Los Angeles firm's clients finance their projects, 70 percent of them do so through the residential remodeling company's in-house financing arm, Custom Funding.
Double the Pleasure
The owners of this suburban home had made a firm decision: They wanted to stay on their coveted riverfront property without tearing down and starting from scratch. Empty nesters with an elderly parent in residence, the owners sought both to update their home and to create an environment that would meet their needs long after retirement.