Can Homebuilders Save Expenses by Using Floor Planners?
Overspending is more often the case than not during a complex homebuilding project. Materials, labour, design work, marketing and sales procedures all contribute to final costs, and most of these factors tend to overstretch the planned budget. So, it’s no surprise that in an industry where change can be technically parametric, costs saved in every small area can have a knock-on effect on overall cost savings.
Studies show that 98% of construction projects overshoot their budget at some point. Although construction costs involving labour and materials tend to rise consistently despite the best laid plans of men, it may be possible to rein in increasing expenses at the design and marketing stages.
Top Cost Overrun Factors
Cost Estimates
Accurate, early material cost estimates can help prevent homebuilders from excessive spending or wastage of materials due to inaccurate estimates. It also benefits customers from spending needlessly and excessively. A customised floor plan tool can show users the different kinds of materials that can be utilised in home interiors and costs can be effectively calculated for each option.
Proper estimates are crucial, as budgets and timelines have a direct impact on repaying lenders and early revenue generation. For mega projects involving public money, the smallest miscalculation can have an exponential effect on overall costs, leading to disastrous results.
Design Errors
Design errors can be minimised if both designers and home buyers are on the same page during each of the design phases. Having a digital planner can go a long way in dispelling confusion and errors in communication and understanding. With a visual representation of individual floor plans, design details become easier to understand.
This Can help designers make changes at an early stage to satisfy potential buyers and avoid costly construction, which may then need to be modified.
Change Orders
Every time a designer or home buyer decides that certain features need to be modified during construction, increased costs ensue in the form of change orders. It is critical that these orders are minimised to help stick to planned budgets. Homebuilders using a home floor planner tool find that design changes required by customers can be integrated into the design early on, saving stress and construction expenses from resulting later.
Sales & Marketing
Sales teams typically build and sustain a relationship with potential customers until sales materialise and beyond. Marketing teams need to ally with sales teams to present the best possible, easily accessible home designs to attract and engage with these customers. How does using a floor planner tool for websites help both these homebuilder teams?
It’s evident that using a floor planner tool on its website can help homebuilders save expenses in several ways. As the use of interactive floor planners gain traction, homebuilders are increasingly looking overseas for partners who can provide floor plan applications that are accurate, engaging and cost effective, saving further expense.
XS CAD can provide a home floor planner tool and floor plan applications for homebuilders. As an interactive floor plan service provider, our range of digital floor planner services include a customized floor plan tool or floor planner tool, a floor planner tool for websites which feature a range of interactive house floor plans and interactive furniture placement.
