Today’s housing market is extremely challenging, frustrating not only millennials and Gen Zers who want to buy starter homes, but also older home buyers looking for an upgrade. Limited home inventory and the resulting high prices lie behind the problem. As a result, many homeowners are staying put to remodel their homes.
The trend is evident in the numbers. Homeowner expenditures for remodeling projects are projected to rise through the first half of 2025. According to the Leading Indicator of Remodeling Activity (LIRA) from Harvard’s Remodeling Futures Program, annual spending on improvements and maintenance is expected to reach $466 billion by mid-2025.
Residential remodeling companies and independent remodeling contractors need to capitalize on the coming opportunities. Faster quoting and better project management are primary ways to get there. Getting the work done right requires remodeling estimating software.
In today’s tech-driven world, the construction industry is no exception to the digital revolution and what it can do for improving the customer estimate, winning more work and growing a business.
Home construction software has become an indispensable tool for remodelers, automating and connecting various aspects of the business to enhance efficiency and profitability.
What is remodeling estimating software?
Remodeling estimating software simplifies the administrative tasks of running a business by connecting all parts of project management. It digitizes takeoff measurements, facilitates communication with subcontractors and material suppliers, eases labor and scheduling, lines up cost estimating with budgeting, and so much more.
In a competitive industry, utilizing a software solution that does more than generate detailed estimates is essential to managing day-to-day operations effectively and staying ahead of the competition.
Benefits of remodeling estimating software
Using traditional methods for construction estimating like Excel, paper plans, calculators and rulers for takeoffs and creating other tasks can be time-consuming and frustrating. Making the switch to remodeling estimating software that builds off basic computer skills pays off for construction professionals who have little time for complex admin work.
Here are the top benefits of adopting an all-in-one solution like the remodeling estimating software from Buildxact:
Easy access
Cloud-based remodeling estimating software stores vast amounts of information in a way that makes that information more accessible from any device that has an internet connection.
This enhances collaboration straight from the job site at an affordable price, especially for small- to medium-sized residential home builders. Many of the top software for contractors includes a variety of project management tools and key features, like daily logs and the ability to upload photos for better task coordination among contractors.
Streamlined business systems
From the initial takeoff to the final invoice, remodeling estimating software integrates project administration into a single platform. Training on one system that does multiple tasks saves massive amounts of time, reduces errors and improves efficiency.
Using software for home remodeling planning, a small business just moves faster — quoting more projects, winning more work and earning more money.
Enhanced collaboration and communication
Efficient communication with internal and external teams, as well as customers, is crucial. The best construction remodeling estimating software centralizes important documents, visualizes task scheduling, and clarifies job status and assignments. Centralized data collection works for everyone because it reduces the risk of miscommunication that can result in poorly timed material deliveries and idle contractors.
Simplicity over complexity
While many cloud-based platforms are powerful, they also can be expensive and complex. Buildxact is designed specifically for residential remodelers and contractors, offering the new features small businesses need without unnecessary complexity. This ensures remodeling contractors start quickly and realize the benefits of software sooner.
Top features of remodeling estimating software
When choosing remodeling estimating software, it’s essential to look for features that address specific needs. Here are the top features that professional remodelers prioritize:
Faster digital takeoffs
Creating accurate takeoffs is crucial for estimating. Digital takeoffs with remodeling estimating software can be completed 80% faster than traditional methods, saving you time and increasing accuracy.
Accurate estimates
Remodeling estimating software streamlines the estimating process using templates and locally adjusted costs for material and labor costs that reduce errors and save time. This allows you to source material and overhead costs efficiently, improving your bottom line as you easily create estimates.
Professional proposals
First impressions matter. Remodeling estimating software generates professional-looking quotes quickly, enhancing your company’s image and impressing customers.
Stress-free project management
Managing multiple aspects of each job, such as scheduling, purchasing, delivery, and invoicing, becomes more straightforward with remodeling estimating software. This saves time and money while ensuring projects are delivered on time and within budget.
Real-time financials
Tracking profitability is vital. Remodeling estimating software integrates with your accounting system, providing accurate financial data to help you manage your business effectively. The more jobs managed by the software, the more accurate the cost database built up.
Begin creating professional estimates today
There is a better way to run your residential construction business. Whether using Excel, paper, and a ruler, or complex spreadsheet software, it’s time to evaluate if you’ve met your business goals.
Save the headache of searching for the best remodeling estimating software and try Buildxact. With on-demand tutorial videos and a free two-week trial, you can quickly incorporate its features into your daily workflow.
Are you ready for a better way to manage your projects? Learn more or try Buildxact for a 14-day free trial period and see the difference it can make for your construction business.
For more information, visit Buildxact or contact one of their expert team members today for a demo of the construction remodeling estimating software.
