NBN Online for the week of November 5, 2007

(Plain Text Version) for full graphical version, click here.

In This Issue:

Front Page
FDIC Head, Diverse Groups Tackle Housing Affordability
Builders’ Show Registration Running Ahead of Last Year
Reader Survey: Tell Us What Housing News Is Important to You
Coast to Coast
Wildfire Fears Fuel Furor Over Housing
Politics & Government
Carried Interest in Cross Hairs of House AMT Tax Relief
Florida Sees Relief on Property Tax, Workers’ Comp Rates
Economics & Finance
Useful Links to Monitor Economic and Housing Trends
Tips
Builders’ Tip: Create Clean Edges With Painter's Tape Plus
Research
Awards Cited for Promoting Energy-Efficient Construction
NACo Senior Officers Tour NAHB Research Center
50Plus Housing
Homes That Excite 50+ Buyers Just as Important as Lifestyle
Remodelers
PATH Releases Top 10 Energy-Efficient Remodeling Projects
Few Boomers, Communities Prepared for Aging
Safety
NAHB Helps OSHA Understand Home Building, Safety Hazards
Sales
Tickets Now Available for The Nationals 2008 Gala at IBS
Register for Free Sales and Marketing Audio Conference
Custom
Five Ways to Stand Apart From Other Custom Builders
Multfamily
Enter Pillars of Industry Awards Competition by Nov. 9
Education
Education Calendar
Green Building
New LEED Certification for Development Found Wanting
Connecticut Green Builder Seeks to Keep Costs Low
Energy-Efficiency Concerns Drive Demand for Green Homes
Entries Sought for High-Performance Building Awards
Disaster Relief
California HBAs Help Fire-Damaged Communities
N.Y. City Looking For Post-Hurricane Housing Designs
Regulation
Workshop to Provide Guidance on Clean Water Act Rules
Workforce housing
Delaware Builder Honored for Affordable Homeownership
Labor
Maryland Students Spend a Day at Pulte Homes Job Site
Building Products
TruStile Doors Provide Superior Sound Performance
TV
NAHB-Produced Programs on DIY, Fine Living and HGTV
Endowment
Community Service Award Entries Due by Nov. 12
Students, Apply for Scholarships to Attend IBS by Nov. 15
Association News
Housing Advocates Inducted Into Tennessee Hall of Fame
Make Sound Bites Bark With NAHB’s ‘Interviewing Skills'
UPS Offers Up to 30% Discount to NAHB Members on Shipping
Drive Away With a New $500 GM Offer This Holiday Season
Calendar of Events
NAHB Career Center

Five Ways to Stand Apart From Other Custom Builders

Prospective home buyers need to understand what makes you better than and different from other builders. When they ask, “Why should I build with you?” you and your staff need to be ready to provide the correct 10-second answer.

If you can’t answer quickly, or if your answer is, “We deliver a good value” or “We have a great reputation,” then you missed your opportunity to stand above the rest.

Successful builders are able to convey what differentiates them from their competition in all their initial customer contacts. This includes their marketing materials, phone calls and face-to-face meetings.

With all these contacts, you should be providing your prospective home buyers with tangible evidence of why building with you will be better suited to meet their needs.

Following are five important ways to differentiate your business:

  1. Clearly communicate what kind of builder you are.
    Custom home builders should clearly specify whether they offer floor plan options, clients bring their own floor plans or the buyer and builder work on blueprints together.

    Prospects need to understand your selection process ― whether it is simplified to options, customizable to the home buyer wishes or a combination of recommended options and custom features.

    Also, prospects need to know if they will be primarily dealing with you, the owner or specialized staff members.

  2. Build unique homes.
    Prospects want a builder who builds the home they envision.

    If someone wants a rustic or log home, then they will pick a builder who specializes in that style of home.

    Ensure that your prospects know your specialty, whether it is cottage, stone modern or any other type.

  3. Provide evidence of an enjoyable home buyer experience.
    Claiming a great experience is not enough. You need to provide real proof.

    Offer literature or documentation that clearly explains home buyer involvement and your construction process.

    Clearly show home buyers how they will be making selections — whether it is with a designer, at a design center or online.

  4. Provide proof of being on time and within budget.
    Being on time and within budget is extremely important to your home buyers.

    The first step to assuring them that this is how you will build their home is to create a process of communicating this information to them at pre-defined times throughout the building process.

    The second step is to outline how you will keep them informed. For example, providing schedule and budget information every Monday via e-mail or online will set you above others your prospect may consider.

  5. Provide additional, value-added resources.
    Beyond just building a home, there are services you can provide that help your home buyers.

    For example, include a Realtor® listing of their prior home, purchase their prior home if it isn't sold within six months or supply a relocation package.

    Assisting home buyers with financing is another great service that can be as simple as working closely with a mortgage professional, or more detailed like providing in-house financing plans.


Being like everybody else is crowded. Set yourself apart to succeed.

Andy Elsbury is the founder of Indianapolis-based SelectionWare, which provides consulting services and solutions for home builders to improve the building process. For more information, e-mail Elsbury, call him at 866-585-9222, or visit the SelectionWare Web site at www.SelectionWare.com.

 


 

Deliver Exceptional Customer Service

Take the "Profitable Business Through Quality Practices" course from The NAHB University of Housing and learn key strategies for providing a quality building/remodeling experience for home owners.

Topics include meeting the quality challenge with customers, with competitors and within your company.

To find upcoming courses, click here, or call 800-368-5242 x8154 for more information

 


 

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