Financials

selling a division of your remodeling company to an employee can be good

Selling a division to a trusted employee like Jason DeLong (pictured here) gives peace of mind that your hard work will be in good hands.

You’re ready to sell part of your remodeling business, and an employee is interested in buying. But where do you start?

We surveyed hundreds of design-build firms across nine of the country's most active remodeling markets, to finally answer the question: what is competitive pay? Production managers in New York represent the only title across all nine markets where every respondent had job-related education.

We surveyed hundreds of design-build firms across nine of the country's most active remodeling markets, to finally answer the question: what is competitive pay? Credentialed carpenters in Minneapolis earn a whopping 40.2% more than their counterparts.

We surveyed hundreds of design-build firms across nine of the country's most active remodeling markets, to finally answer the question: what is competitive pay? Salaries follow the career ladder in Dallas, although carpenters are paid about the same regardless of their experience.

We surveyed hundreds of design-build firms across nine of the country's most active remodeling markets, to finally answer the question: what is competitive pay? Chicago features some of the largest pay differences between employees with specialized job education and those without.

We surveyed nearly 1,000 remodeling firms across nine of the country's most active remodeling markets, to finally answer the question: what is competitive pay? Carpenters and lead carpenters with job-related education in Boston make about 15.5% and 12.5% more than their counterparts.

A detailed look at how much production teams are paid in different markets around the country 

We surveyed hundreds of design-build firms across nine of the country's most active remodeling markets, to finally answer the question: what is competitive pay? In Atlanta, average pay across the four positions surveyed for is more than 16% less than in the other eight markets.

Sebring Design Build and Advantage Remodel set pricing expectations early on and avoid needless phone time

Each of Harrell’s designers has a revenue target, but the emphasis is on meeting clients’ needs rather than upselling. Image courtesy alfexe / stock.adobe.com

One nationally renowned remodeling company doesn’t pay commissions to its sales team. Here’s why that works so well.  

When more work becomes too much work, it often leads to less profit, not more

Use these guidelines to protect your profits 

Surgeons, attorneys, and other professionals aren't expected to open their books for you, so why should contractors be any different?

Are you tempted to reveal your costs to homeowners? Think again. 

If one area of your business runs more slowly than the rest, a bottleneck will occur, causing delays and lost profitability

lead carpenter working on a remodeling job

Lead carpenters should consider potential areas of concern while on a project and deal with them in the moment to reduce the likelihood of future warranty calls.

Use these tips to approach warranty calls as a marketing tactic to keep clients happy and repeat/referral rates growing

Mistakes happen, but a big mistake creates fallout in proportion to the authority of the person who makes it

alure home works on a boat project

With each problem sales and production solve, they become quicker and more effective for future projects.

A zero-tolerance policy strengthens your team and keeps customers happy

Adopting a few simple business habits can make a huge difference 

StudioDin / stock.adobe.com

Five tips for overcoming common pitfalls when working with allowances

The risk-reward nature of fixed-price contracts may not be the best fit for today’s design-build market 

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