Use the Home Asset Management Plan & learn a recession-proof general contractor pricing guide for your residential remodeling business. You can use the pricing guide as a tool to adapt your business for today’s new economy and tomorrow’s uncertain future.
Contractor Pricing Guide | Competing in a New Economy
Since 2007, when the real estate market all but collapsed, the contracting business has been walking on thin ice. Money has been tightly stored away for emergencies by clients and big renovation or remodeling projects have grown incredibly sparse.
For the remodeling business people who aren’t proactive about getting work, this is has been a period of great doubt and possible failure.
But you don’t have to be one of those general contractors, consultants, or renovators who closes the doors for good–you can rethink, reorganize, and revitalize your company to work for you in this and any other economy the future has in store. By adapting to the needs of today’s homeowners, you can find a way to seriously compete in a new economy.
By utilizing the methods and advice outlined in the Home Asset Management Plan, you’ll be able to redirect your business to focus on what’s important today. And that, primarily, is keeping a home in good repair and not breaking the client’s bank.
With focus on a relationship-centered business model and a shift into the role of home asset manager, you’ll be able to secure work for you and your company for the foreseeable future. And one of the most important tools you’ll use in this new model is the contractor pricing guide.
Contractor Pricing Guide | A Living Room Tool
The contractor pricing guide–and all its many forms and publications–has been one of the greatest tools for renovators and remodelers for many long years. It’s been indispensible to contractors who are assessing and estimating costs of repair and renovation.
It has also been, in some cases, a private tool, played close to the contractor’s vest.
But in the industry’s new economic era, you’ll be using the contractor pricing guide as a tool with your client. By taking on the role of a home asset manager, you’ll be creating a schedule of repair and renovation for you and your clients–one that will play out over the next 3-5 years, providing you plenty of job security and your client that breathing room to save money for large expenditures.
Using the contractor pricing guide, you and your client will work as partners to decide which projects can be taken on immediately, and which ones need to wait for a period of time due to costs.
Building a relationship based on trust with you client is of the utmost importance. By working with him or her over the contractor pricing guide, you’re essentially telling them that you have nothing to hide and that you’re both in this thing together. You are, in other words, collaborators.
If you’re new to the general contracting game, you’ll want to check out these pricing guides for the best and easiest estimations:
- Bluebook International
- R.S. Means Residential Repair & Remodeling Costs
- Contractor’s Pricing Guide
Any of these publications will work well for your needs.
Contractor Pricing Guide | Looking to the Future
The future of the remodeling and contracting industry isn’t in projects and dollar signs–it’s in people. Once you and your company begin to invest in people, you’ll see and experience many profitable dividends.
By treating your clients as partners and collaborators, they’ll be more apt to recommend your services to friends and neighbors who are in need of a general contractor.
Using the contractor pricing guide as a living room tool will help you sow trust and respect in your clients, which can only ever help your company succeed today and in the future.
If you’d like to learn more about how to utilize the contractor pricing guide to your best advantage, don’t hesitate to contact us today!