With the perfect storm of low mortgage rates and home construction booms, the industry requires innovation now more than ever. Fortunately, there are new technologies businesses can incorporate into their strategy to stay on top of competitors. From laser machines to special chemical formulae in home construction materials, there is a lot to choose from.
The important thing is to decide which technology is right for your business. It can become a crucial turning point in the company’s direction for growth. Another vital aspect of adding technology to a business plan is timing. By making sure that you enter the market with the innovation at the right time (before your competitors and with plenty of capital), you will become a progressive and forward-looking enterprise that will have a better chance of surviving your industry.
Here are three innovations in the home constructing business that you can consider to diversify or improve your service:
Personalized Interior and Exterior
Through technology such as laser-cut brick engraving, it is a lot easier to personalize the interior and exterior aspects of a home. You could offer customized kitchen countertops or pavements that elevate the material used into a form of expression for the owner of the home. This can also be applied to other businesses that want to unequivocally greet their customers with the name of the company or a tagline.
Providing a customizable option to clients might even encourage them to choose you among other competitors. Similar to marking a side of a wall or doorframe to show you how much you have grown, personalized materials that build the foundation of the house will make it seem more familiar and homely. Customers tend to choose sentimentality when given the option but make sure there is a market in your area.
Spray Foam Insulation
Instead of bulky foam insulation that is challenging to transport, spray foam insulation is an innovation by professionals involved in the insulation business. It is a chemical mixture prepared on-site, making it easier to transport and store. The resulting liquid is sprayed onto surfaces in the house that requires insulation. It grows into a foam that expands to fill the spaces. The excess is scraped off, and the additional panels are added to close the material.
Furthermore, spray foam insulation makes it easier for businesses to add insulation in homes by optimizing the process to a one-person job. There is no longer a need for various unreliable materials used for insulation that might be harmful to the health of whoever comes near it. Soon, insulation can be cost-effective with the least carbon footprint to help reduce the impact of the construction industry on the environment.
Thorough Power Washing
Some key players in the home construction business are entrepreneurs who flip houses for a profit. However, this requires a thorough cleansing of the property to remove any signs that it was condemned for a long period. You might have seen some of these horrifying locations on Zombie House Flipping and wonder about the extent of renovations required to completely transform the house into one that looks so brand new to the point where the “before” pictures are just unimaginable.
Luckily for house flippers, power washing is a great way to introduce pressure into any nooks and crannies with dirt and grime. It is usually a powerful spray that flushes water onto a surface at a high velocity. The forceful impact of the water tends to remove any dirt that can be seen. In cases where there are layers of filth to remove, and depending on the pressure used during the cleanse, some experts conduct the power washing on several rounds. It is also sanitized with cleaning solutions.
Sometimes, the cleaning solutions are included in the water that is inserted into the high-pressure spray nozzle to aid in the removal of dirt. It can also disinfect the area, making it less likely to spread harmful pathogens to those who come into contact with it. In the construction business, it can be a game-changer for those looking to flip a condemned house and improve its value within a neighborhood.
Although technology may be capital intensive, it opens up many opportunities for the business to grow. It can also give an edge against competitors who are offering the same services and might allow you to accomplish more in a shorter period. You can also showcase an unmatched level of efficiency and quality because you will be the first one to adapt to technological innovation.