Author: Home Builders Financial

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Small Amount, Big Impact: How to Maximize Deposits

Are you accepting client deposits before every building project? If not, you should be. Typically, contractors charge 5-10% of their project cost upfront. When used correctly, deposits can protect home-building businesses from incurring additional costs themselves. The Benefits of Deposits There are two primary benefits of client deposits. First, they act as good-faith payments, so …

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HBFP LLC Helps Custom Home Builders

READ ARTICLE ONLINE Home builders need to focus significant time and energy on the design and construction of high-quality custom homes. However, for many builders, handling the business side of custom home building – including invoicing, bookkeeping, accounting, and insurance issues – often hinders their ability to focus on doing what they love: building homes. …

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The Benefits of Cost-Plus Building

Wouldn’t it be great if you could get paid for every cost you incurred during a home-building project? If your answer is a resounding “YES!,” you need to start a cost-plus building model. What is cost-plus building? Unlike fixed-price building when a builder builds a house for an agreed-upon set price at the beginning of …

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The Construction Industry’s Labor Shortage – And What it Means for Your Business

As millions of workers continue to quit their jobs during the “Great Resignation,” businesses across industries are feeling the strain of the current labor shortage. After having time to reconsider their priorities and career goals during the pandemic, workers have been quitting their jobs en masse over the course of the last year. Almost no …

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The Biggest Home-Building Trends You Can Expect to See in 2023

While most people choose to build a custom home as their or ever home, the latest trends will likely influence a home buyer’s design preferences – which is why they’re worth keeping up on. From black accent walls to solar-powered appliances, here are the biggest home-building trends for 2023. Alternative Energy With environmental concerns more …