Financing for Remodelers
Please join Richard Day with guaranteedRate presenting: Financing for Remodelers
According to a handful of studies (none of which had the same findings), the “bid-hit ratio” was 10 to 20%. The reasons for losing out to another contractor vary, but one of them is definitely either lack of funds by the homeowner and/or sticker shock, thus leading them to decide to put off the project or drastically scale it back. It is vital to keep financing sources in your toolbox so that would be customers know ALL of the options for funding a project. We will cover each of those, their pros and cons, and how they can increase your bid-hit ratio.