New software for remodeling contractors is changing the landscape of the home improvement industry. In fact, most contractors are turning to new technology and sales automation to give their business more structure. In addition, they’re driving higher margins and selling more jobs than ever before. Let’s take a closer look at the state of home remodeling and how software integration is leading the industry.
The State of Home Remodeling
Home remodeling projects are on the rise in the United States. However, spending is facing a downturn due to inflation, rising interest rates, and the difficult housing market overall. So, why are homeowners turning to renovations and remodeling?
According to Statista, the average 30-year fixed-rate mortgage was 5.34% in 2022. That’s a massive spike from a record-low of 2.96% in 2021. And as a result, many people are deciding to renovate and remodel their current homes instead of moving.
Spending is down in general, but certain sectors will benefit, nonetheless. And remodelers may see an uptick in opportunities due to this trend. That’s why many companies are investing in software for remodeling contractors that can maximize operations and drive more sales.
The home improvement industry is evolving with the market as the needs and expectations of homeowners grow. Americans are being more cautious and protective over their spending and contractors must take note of this.
You must provide a better customer experience than ever before. Moreover, you’re more likely to close a deal if you offer financing options and different pricing packages.
Finding the Right Software for Remodeling Contractors
The core of home remodeling is customization. Homeowners love to have more control over product selection, color choices, and everything in-between. This is one area where the best software for remodeling contractors can make an impact.
You no longer have to waste time digging through product sheets and samples when you sit down with a homeowner. With sales software, all products and materials are available in organized dropdown lists to make the discussion and selection much easier.
This helps you provide a more professional experience that also builds trust with homeowners. The same goes for pricing, contracts, and financing.
Once product selections are made, you can easily work up a contract directly in the application and offer financing options to close the deal. Digital signatures finalize the contract and remove the need for a paper trail.
Everything is more efficient. You’re eliminating common paper errors, saving time with homeowners, and scheduling more jobs. Furthermore, the software gives you total control over pricing. This prevents your team from underselling a job and cutting into your margins. You can put guardrails in place and make updates on the go to ensure your products are being sold at the correct price points.
Every interaction is compiled and saved within the software for you to access. This gives you more clarity over your sales and more data to make improvements each year. Every customer’s experience is tracked, from all communications to the estimate, contract, and installation.
Build a Better Remodeling Business
As you can see, new software is changing the way we interact with homeowners. It also compliments your CRM and helps you scale your business.
You no longer have to spend all your time and money on unnecessary and annoying tasks. Let the software do the work for you.
At Leap, we provide a point-of-sale software that’s built by contractors for contractors. We understand the needs of the home improvement industry and strive to provide a better and more effective sales process that adjusts to your every need.
We also partner with industry leaders that provide further value to your business. This includes features such as measurement tools, imaging technology, sales and marketing, manufacturing, and financing.
Leap works to build new partnerships and release new features, such as Leap Tasks, to continue improving our services each and every day. You can rest easy knowing our team of experts is working hard to help your business seamlessly transition to our software and integrate new features along the way.
To learn more about Leap, fill out the form below and schedule a quick demo with one of our experts. Leap’s software for remodeling contractors can give your sales a boost and upgrade the way your business operates moving forward.
[leap_form_3 url=’http://go.leaptodigital.com/l/492601/2021-02-23/415qz4′]
