Competition in the home building and remodeling sector has never been fiercer, yet opportunities have never been more plentiful. The number of new housing starts is at an all-time high, and the renovation index is soaring. Today’s builders must be organized, operate efficiently, and provide an outstanding client experience to compete. Construction management software can help with this. Residential home building leaders use an industry-specific construction management software system to make business and operational choices, collaborate with their team and clients, estimate and control costs, and schedule projects.
Pen and paper processes and obsolete systems can crush your revenues, strangle growth potential, and eventually kill your firm, given all of the moving pieces involved in building or remodeling a home. By implementing a top-notch construction management solution, you may start running your firm more efficiently and grow it without adding additional employees to the team.
Here are 10 ways that construction management software can help you compete in the home building or remodeling industry:
1. Scheduling Gets Simplified
Without construction management software to manage task scheduling, you may have to rely on spreadsheets and waste hours updating everyone involved via useless emails and phone calls each day. This disarray not only wastes time but also leads to costly blunders. Scheduling construction management software automates this procedure with a centralized communication platform that sends out real-time alerts and updates all information. All office administrators and sales staff for your field-based trades and partners have access to this information.
Scheduling construction management software keeps your projects on pace to meet deadlines, ensuring that everyone understands their responsibilities and when they are due. Quick-view dashboards provide each team member with the information and real-time updates required to complete their job effectively. When a project step needs to shift forward or back, the system promptly alerts your trades. Management, workers, and subcontractors will no longer waste time traveling to the job site.
2. Communication is Centralized
If you use a centralized communication platform, your team won’t have to play phone tag or keep track of all the one-off emails and texts about the task. A project in one central mailbox organizes all chats. It is searchable and sortable, allowing you and your team to locate employment information in seconds rather than hours! In addition, all job-related information is kept in one place.
3. There Are Less Costly Errors
A single change order can make or break your profit on a home. You figured they’d settle with a regular tub, but they insisted on a jetted one. These changes eat into tight margins without a proper change order process—and they’re avoidable! Construction management software prevents these errors by ensuring that everyone on your team, including subcontractors and clients, has access to the same information as soon as it becomes available. And no data is lost in the process of many phone conversations or emails.
4. Integrations in Accounting
Your accounting operations are simplified when you integrate with accounting software since all projects, cost codes, and subcontractor data are automatically imported and populated across all of your corporate data sets and forms. Double-entry errors and time spent manually entering data into QuickBooks or other non-integrated construction management software are no longer an issue.
5. Maintain Communication with Subcontractors
Everyone needs up-to-date information at their fingertips for your projects to run effectively. Moving away from the builder binder’s obsolete or erroneous information. With features like Project Poster, which allows builders to rapidly and securely distribute papers in the field, subcontractors are constantly in the know.
6. Photo Sharing and File Storage Made Secure and Straightforward
Many moving pieces and individuals that need access to plans, pictures, and project documentation are involved in custom projects. Managers can pick who has access to specific information using construction management software. This keeps projects on track and eliminates misunderstandings by ensuring that everyone receives the information they need to complete the task without sending repeated emails.
7. Accurate Selection and Change Order Management
When you use a construction management solution, all of your client’s, designer’s, and construction team’s information is in one place. Clients can quickly authorize change orders online at a time suitable for them with the correct construction management software. You can keep track of their approvals, avoiding he-said/she-said arguments and preventing the project from going over budget.
8. Reporting on Finances
To know if you’re making or losing money at every step of the project, you need accurate and up-to-date financial information. Comprehensive construction management software shows you whether you’re on pace to meet the budget at a glance, using dashboards so that you can make adjustments in the field. It also allows you to build bespoke reports on a daily, weekly, quarterly, and annual basis, as well as automate their distribution, saving your company even more time. As you issue purchase orders and document project expenditures, financial reporting functionality provides you with more control over maintaining positive cash flow.
9. Estimates are Quick and Straightforward
One of the most significant elements for your developing organization is estimating functionality. You can make the sales process more manageable and win more clients. Without having to re-enter data, you can quickly handle proposals at every stage, from making estimates to sealing the deal. You can also expedite sales by submitting proposals to potential clients online for assessment and approval.
10. Happier Clients
Keeping your clients informed, obtaining change order approvals, and communicating exciting project developments go a long way toward creating a positive customer experience. Word-of-mouth marketing is critical to your success since it ensures that your customers have a positive experience.
When your clients tell their friends and family about their new house or recent makeover at the end of the day, they’ll be discussing all of the intricacies of the process from beginning to end. Set expectations for future clients that your competitors won’t be able to meet!