Category Archives: LandDev

Improve your Multi-Family development process, construct the right mixed complex project for your land, and manage your construction effectively. 

As a multi-family home builder, you understand the extra amount of back-office technology, time and resources needed to bring a multi-family production to market. Whether it is a high-rise condominium or a community of town-homes, managing all aspects of the production is critical to attracting modern buyers to your multi-family project and will ultimately allow you to offer a high-quality condo or unit at a reasonable price.

Research Your Land Options & Maximize Your Project Construction Potential

The building process begins with land development. Due to the increased complexity of bringing a multi-family complex to market, homebuilders should always compare various plots of land prior to the purchase. Factors to consider include the location of the community, its surroundings, and which possible project styles can be developed with the unique attributes of each plot of land.

Homebuilders should be looking at the various ways product design can be optimized to improve the quality of life for homeowners in addition to how profitable the project can be when the community goes up for sale. For example, if you have a land option by a body of water with a nice view, consider optimizing your project design to include a high-rise portion, this way, you can offer a premium value add-on to the high-rise suites by charging extra for the units with a view. If you are considering a rural area, perhaps offering townhomes to allow for more living space for prospective buyers that are families might be a better option since families tend to enjoy more space.

Don’t leave the process of planning the development to chance, you should always leverage tools that allow you to compare building scenarios based on the types of land available against the profitability of the construction type. This ensures that you are purchasing the right land for your business goal, creating an estimate of which construction project is possible on the land, and forecasting how profitable the project will be if you acquire the land.

Make Informed Decisions Through Integrated Accounting

Your accounting team should have clear oversight. Your accounting division should become preemptive regarding company purchasing & costs of resource acquisition and construction. They should be able to forecast profits from the sales opportunities existing in the company pipeline as well as project profits from upgrade offerings sold in your multi-family projects.

All your business functions and processes should tie back into your accounting department. When this process shift occurs, decision makers at your building firm will begin to understand clearly each of their department success metrics, and how to be more efficient to ensure the company meets pre-determined goals. Sales teams will become results driven, your construction team will become time sensitive, and your purchasing team can become more strategic about how they acquire assets for construction. Ultimately, this efficiency in your build process will allow you to offer the suite or unit at a reasonable price while securing your forecasted profit.

Establish a Dynamic and Profitable Operation at your Multi-Family Sales Centers

Making the needed sales records and upgrade revenue is critical to the bottom line for the multi-family project profitability. But multi-family homebuyers often expect special amenities, this is especially true with high-rise productions where homebuyers are still investing large sums in their mortgages for a shared community. Also, décor studio management is a trending must for builders and it could potentially become complicated as the number of units increases in multi-family production in comparison to a single-family project.

Implementing a tight-knit process amongst your sales and décor studio staff is a critical element to the multi-family puzzle. Visiting sales centers has become a ritual for the modern home buyer. Prospects expect to be in awe when they enter a sales center and they want to see the various unit options, amenities and upgrades that are available. Implementing a sales and décor management solution that allows homeowners to create their dream space while still allowing you, the builder, to commit to those upgrades in your build cycle, is key. Your sales and décor management software should digitize the sales an upgrade selections process. It should allow builders and their homebuyers to focus on the experience of enjoying the product offering inside and out instead of being too overworked with paperwork and product catalogues.

To hear a panel of design studio experts and homebuilders discuss décor center management technology trends, watch “The All NEW Design Studio Experience” recording.

Select a system that showcases all your available suites/units for sale in real time, your system should allow your décor agents to link upgrade packages to a homebuyer’s contract and seamlessly drive that data from the sales center to the job site where construction has every detail needed to deliver these upgrades. After all, if there is one thing that should be autonomous and accurate is the process between sales to construction.

Manage More Deficiency Requests while Optimizing Your Customer Experience

If you are a home builder considering the production of a multi-family project, be aware that you will be catering to more homebuyers since you would be building upwards as well as outwards. How can home builders manage deficiencies or warranty requests in large amounts? The secret can be found in homeowner portal technology, perfect for multi-family projects and popular amongst condominium property managers. These portals allow homeowners to self-serve their warranty needs directly with the product vendor – and can issue claims through the portal anytime, anywhere via mobile. This eliminates long hours on the phone and standardizes the way builders manage and fix homeowner deficiencies. After all, a modern multi-family project needs all the smart features and technology that will enhance your home quality and still prove to be helpful in managing large amounts of warranty requests the modern way.

The Verdict

If you are interested in an integrated solution for your next multi-family project, feel free to contact us. Learn more about NEWSTAR’s capabilities for multi-family productions. Whether you are an existing Constellation customer or a homebuilder, find out how NEWSTAR can support multi-family builders in various building functions.

 

Source – The Many faces of Multi-Family

Posted in Best Practices, Blog, Builder Resources, Conasys, Constellation CRM, Customer Service, Field Scheduling, LandDev, News, NEWSTAR, OnLocation, The Constellation Team | Tagged | Leave a comment

Innovative yet practical land development and acquisition strategies for up and coming builders to meet the shortages and challenges of your market.

Acquiring land is the starting point for all builders, and is often a major issue. Regardless of size, land acquisition will dictate your volume of builds, the market size and demographic you can sell to, and can change the way you finance a new community development.

What The Experts Say

“Small to medium sized builders were crushed during the recent land depression in the recession, and a lot of their equity base is just gone so they don’t have the cash to close or the equity that is now required for a lender,” says Richard Guerard – Illinois attorney. Guerard’s legal expertise is in real estate transactions, he recommends that growing builders “compete with big builders by developing their own lots based on their specific strategy”.

To understand the effects on land development during the recent recession, also try – Land Pressure: Combating “Zombie Subdivisions”

Top 3 Land Acquisition Tricks for Rising Builders in 2018:

  1. Approach Land Acquisitions with Multiple Payments – Establish a purchasing schedule to buy the land gradually while selling homes to clients
  2. Band Together with Smaller Builders – Unite with other local builders and establish your presence and buying power as community members in acquiring land together in strategic locations
  3. Begin Small, then Build Up – Local builders have an advantage over giant production builders by harnessing local relationships – automate your purchasing capabilities as you focus on acquiring more land in strategic locations

 

To reap the benefits of these tips for land development, builders need a level of commitment to standardized work process. Bonus Tip:

  • Investment in Technology is an Investment Towards Success – these tips cannot be implemented with spreadsheets alone. Prospecting various land packages, and working with other local builders, requires an advanced land acquisition and development software solution.

The Verdict

Having the right strategy alone may not be sufficient enough to outpace the big players in the industry. Always look for innovative technical solutions for purchasing and land development. Our Land Development software – LandDev automates lot planning while integrating financial data with established enterprise resource management platforms. Investing in an integrated land development solution will take care of resource allocation and vendor contracts to maximize profits. Cost efficiency means you can start planning your next big land purchase for new communities!

Content Source: Land Strategies for Small Builders | Brian Croce – BuilderOnline.com

Join Us at The 5th Annual Real Estate Private Equity Forum

Increasingly, today’s market is about catering to millennials as first-time homebuyers, ensuring creative – yet cost-effective homes are tested and taking advantage of niche markets. Join our Director of Professional Services at The 5th Annual Real Estate Private Equity Forum. Bob Swainhart will cover:

  •         Innovations in homebuilding and condo products
  •          Appealing to the modern homebuyer
  •          Effective building strategies for cost savings
  •          Testing new home designs and taking advantage of niche markets

Event Details:

The 5th Annual Real estate Prive Equity Forum on Land,

Homebuilding & Condo Development (East)

April 10-11, 2018 | Four Seasons Miami, Miami, FL

Register here

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Constellation's 2016 Customer Conference

Our 2016 Customer Conference is a two-day crash course in software and technology. Building Cities, Creating Connections brings together the two key themes of our conference: advancing your software and data crunching skills, and developing relationships that will challenge your own process to help you build bigger.

Don’t miss our Amazon.com #1 bestselling keynote speaker, Garrison Wynn, who brings over a decade of research from Gallup, Accenture, and Harvard to the study of power and authority. Join Garrison as he reveals the secret that the world’s most influential leaders and companies are hiding from you.

TOP 5 REASONS TO ATTEND

  1. Network with 200+ builders and share ideas and best practices in your user group
  2. Select from 50+ interactive software training sessions
  3. Learn about the latest product developments and future roadmaps
  4. Apply your registration fee to a new software purchase*
  5. Live one-on-one demonstrations of new products and modules

And an unofficial #6 – Chicago is a gorgeous, vibrant city! From upscale shopping on magnificent mile to sightseeing at Millennium Park, Navy Pier, or the Shedd Aquarium to the sounds of Chicago blues from the city’s jazz bars, The Windy City is a cultural gem. Centrally located inside The Loop, the JW Marriott provides the perfect base to explore this beautiful city.

 

DISCOVER MOREREGISTER TODAY

 

Please join us in thanking our sponsors, Center6 and DocuSign, who help to make this event possible. Center6 has exciting new developments for informXL, for both NEWSTAR and FAST customers. And DocuSign is now available for integration with FAST and Sales1440. Join us to see these products in a one-on-one demo.

98% of attendees love Constellation conferences! Check out the photos (below) from last year’s #TREASURES2015 Customer Conference, hosted at the beautiful Ritz-Carlton on Amelia Island, FL.

This year, we have included more software training sessions that tackle more complex topics, extended the time you have to meet with your user groups, and added one-on-one demonstrations of new products, modules and features.

Constellation’s dynamic conferences offer informative sessions for everyone – expect immediate takeaways from product updates, product roadmap, best practices and interactive training sessions. We hope that all customers have the opportunity to experience a Constellation customer conference because we are confident that you will return with ideas and skills to improve your building process.

See you in Chicago!

The Constellation Team

 

Our 2015 Customer Conference: Discovering Natural Treasures in Amelia Island, Florida.

Posted by Constellation HomeBuilder Systems on Wednesday, November 11, 2015

 

 

Posted in Builder 360, BuildTopia, DocuSign, Events, FAST, informXL, LandDev, NEWSTAR, User Conference | Tagged , , , , , , , , , , , | Comments Off

Ritz-Carlton Amelia Island

 

TOP 5 REASONS TO JOIN US

Register now before early bird registrations are gone (currently 40% sold out).

 

Over 60 software training sessions.

We have developed new training sessions to ensure that you leave the conference with a stronger knowledge of your system. Here are a few examples:

NEWSTAR: Design Studio Manager [NEW]
BuildTopia: Available Reports and How To Create Your Own
FAST: Workflow Services [NEW]
Builder360: Loans & Draws [NEW]
Enhancing the Homeowner Experience with the Conasys Homeowner Portal

 

Network with builders using the same software.

Year after year, customers who attend our conferences tell us that the ability to chat face-to-face with another user of the software is an invaluable experience. In addition to meals and networking events, software-specific user groups put customers in the same room for best practices and sharing of ideas.

“Great collaboration with peers. It was good to share ideas on what works and what needs to be improved.”

 

Challenge yourself.

Engaging keynote speakers will bring their research-driven insights into human performance to help you achieve your goals — especially under pressure. We’ll also turn the spotlight onto some unique builders where culture drives performance.

Performing Under Pressure: Doing Your Best When it Matters Most
Homebuilder Shark Tank
Maximizing ERP Value
When Certainty is Lost, All is Lost

 

Early Birds Save $200.

Our early bird registrations are 40% sold. Register today to save $200 off the registration price.

Remember: $1 of registration fees = $1 off future software.


 

Don’t believe us? Hear it from customers like you.

“The enthusiasm from the speakers has given me the motivation to bring some new ideas to the table.”

“It is so much more beneficial to have face-to-face time with Constellation and other builders than trying to convey ideas and concepts through emails.” 

“The food and social events were top notch. The sessions were on topic and informative, and the speakers were willing to go with the audience.”

 

REGISTER NOWQUESTIONS?

 

Posted in Builder 360, BuildSoft, BuildTopia, Conasys, Events, FAST, Important Event, informXL, LandDev, NEWSTAR, Sales1440, User Conference | Tagged , , | Comments Off

The Biggest Challenges for Builders in 2015 - Hanley Wood

Hanley Wood’s Builder 100 survey asked hundreds of builders “What is your biggest challenge to growing and building your business in 2015?”

We’re all familiar with the biggest challenges the market is facing right now–the availability of lots and qualified labor, rising material costs, and stringent mortgage qualification standards that are boxing out potential new home buyers.

But in the Builder 100 survey, we asked builders to identify the biggest impediments to their personal success in 2015, which provided insight into how pervasive some of these hot-button issues are, and how many builders are impeded by these bottlenecks at the same time.

In order to quantify the qualitative answers from each builder and search for any trends, we looked to the words. We compiled all the responses and set a minimum of five occurrences per word, leaving us with 31 words that appeared five times or more in all of the answers.

Top Five Occurring Words: (note that we combined words where no meaning would be lost)

  • land/lot/lots: 93 occurrences
  • labor/workforce: 36 occurrences
  • available/availability: 35 occurrences
  • cost/costs: 24 occurrences
  • finding/supply: 23 occurrences

 

Continue reading the analysis with interactive map at builderonline.com.

Last month, we discussed how Land Pressure: Combating Zombie Subdivisions is impacting homebuilders and how we can help. Clark Ellis at Big Builder has also discussed the impact of land competition in Homebuilder Moneyball. And labor just scratches the surface of the Pain Points in the Homebuilder Supply Chain found by Big Builder.

Join us at PCBC 2015 and we’ll show you how our solutions can help you reduce these costs before your competitors do.

PCBC 2015 Sneak Peek

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