Apologies to Paul Simon, but when I looked at the long list of design ideas I compiled while at the International Builders’ Show in Orlando, I thought I’d try to mention 50 of them—a nice round num
Few things have kept pace with the rapid growth of our industry as much as employee compensation. Bonus programs tied to division or company profitability have generated unprecedented compensation levels. As the housing boom subsides and begins shrinking this year's bonus checks, the focus on compensation will take on a new tact.Namely, how do you attract and/or retain great people who have become accustomed to such extraordinary income opportunities?
Pella offers a training program on the proper way to install a window in order to help solve the number one problem in the construction industry.
A How-To resource for involving the community in your development plans.
The Home Builders Institute (HBI) has partnered with Beazer Homes and Latinos on Fast Track (LOFT) to launch Team Builders.
Mold continues to be an important topic to builders and homeowners, especially in light of rebuilding efforts in Louisiana and the Gulf Coast after last year's hurricanes. The Responsible Solutions to Mold Coalition recently formed with the goal of providing the most reliable, user-friendly information on moisture and mold to builders and homeowners.
Hiring Practices and Profit Sharing Plan
Giants are using building science to differentiate themselves from regional competitors, increase market share for their divisions and to protect and increase their bottom line.
In this article, we will discuss organization business structures and selecting a lender. Business Structures After determining the goals of the project and the approximate amount of financing needed, you must decide on the legal structure of your business. You should make your decision based on the impact of the legal structure on your liability, initial cost, government control, impact on inc...
The majority of real estate developers look to increase their potential investment return by using other people's money. Assuming that the rate of return for the project is greater than the interest rate for the debt, the more debt placed on a property, the higher the potential return. The use of borrowed capital to make an investment, called leveraging, does not always guarantee a return.
In last month's article, we discussed the process of finding land to develop as well as how to conduct the preliminary investigation and financial analysis. This article will discuss tying up the land, due diligence and financing. Tying Up Land Once you've identified a parcel of land and completed the preliminary investigation, you'll need to tie up the land until you are ready to acquire it.