We can classify any project into categories based on specific criteria. Based on the time taken to complete, we can divide these into Short-Term and Long-Term projects.

Both have their own set of consumers, but recent studies have shown a spike in demand for short-term projects. Consumers looking for short-term projects are usually wanting to improve a part of their home rather than the entire place. Short-term projects are gaining popularity for multiple reasons.

 

Benefits of Short-Term Projects for a Client

Step-By-Step Renovation

Projects which complete fast give the scope for step-by-step renovation. Not everyone has the budget or the time to take on a full-scale renovation. But homeowners want to improve their house. The ideal solution? Taking one renovation at a time.

Not everyone prefers this, but when done right, this can help save money and doesn’t create a mess.

Small Budget

Some owners have a small budget to improve their homes. They use that to start a renovation. These projects fit their needs perfectly.

They can choose to renovate just part of their house. This increases the value of the property, ensuring that the money was used efficiently. You can help them take on bigger projects. There are many benefits to providing financing to your customers.

Quick Work

The best feature of these projects lies in their name- Short-term. Renovation can be a lengthy process. For instance, if you are fully renovating a really old house, taking many things into consideration & all other precautions end up taking months.

Short-term projects have the potential to improve their living area in a couple of weeks. This quick work makes it a favorite for many.

Benefits of Short-Term Projects for You

It is not just your client; you can also benefit if you use these projects in your favor.

Less Wastage

A long-term project requires more planning and materials. No matter how careful you are, it leads to more wastage. This is a common problem for all contractors to tackle.

Experts urge closing the book on wastage and short-term projects help with that. Because of the limited amount of work to be done, you will have a better idea of the materials needed. You could manage it better, reducing wastage.

More Projects

Small-scale projects will mean a smaller profit margin. Do not overcharge because of this, it will make you lose clients in the longer run.

Instead, use this to work on multiple projects at the same time. Understand the limits of your business. Only take those projects that you know your team can handle. Sometimes it is better to turn down a client.

More Growth

These are significant occasions to grow as a contractor. If you take more projects, break your team into groups and send them separately. This improves your ability to manage your team.

You cannot be everywhere. This provides the senior members of your team to take charge of the project. These qualities will help take some extra workload off your shoulders.

All these points make these projects beneficial for both homeowners and contractors alike. See what’s on the list of the latest home improvement trends for 2021 to suggest.

Short-term projects aren’t always budget-friendly, especially if your client has a taste for luxury additions. Do you think your client’s budget is keeping them away from their dream renovations? Connect with CustomFin to provide your clients with easy home improvement loans so that your clients get what they want while you get to close the deal faster.

Get started now to grow your business.