Wednesday, September 28, 2011

Boomtowns: 10 real estate markets poised for rapid population growth

Boomtowns: 10 real estate markets poised for rapid population growth

Data indicates U.S. population will rise, with several housing markets set to flourish
July 3, 2011
housing market, real estate market, housing boom, market growth

The U.S. population will rise 8.9 percent between 2010 and 2020 to 337.1 million, according to projections from data analysis firm Proximity One, Inman News reported on its website.
The firm looks at results from the 2010 census as well as historical birth, death, migration and economic data. According to the 2010 census, the nation's inhabitants grew to 308.7 million between 2000 and 2010, a 9.7 percent increase.
The 10 metro areas expected to see the biggest jumps in population between 2010 and 2020 are mostly in states that experienced increases of between 15 percent and 25 percent in the last decade: North Carolina, Texas, Utah, Georgia, Idaho and Colorado.
The top ten real estate boomtowns:
  1. Raleigh-Cary, N.C., with a 35.7% projected increase
  2. Kennewick-Pasco-Richland, Wash., with a 35.3% projected increase
  3. Austin-Round Rock, Texas, with a 33.1% project increase
  4. Provo-Orem, Utah, with a 31.9% projected increase
  5. Hinesville-Fort Stewart, Ga., with a 30.8% projected increase
  6. Logan, Utah-Idaho, with a 29.4% projected increase
  7. Grand Junction, Colo., with a 28.7% projected increase
  8. McAllen-Edinburg-Mission, Texas, with a 27.3% projected increase
  9. Idaho Falls, Idaho, with a 26.8% projected increase
  10. Charlotte-Gastonia-Concord, N.C.-S.C., with a 26.4% projected increase

For more information: www.inman.com/news/2011/06/15/top-10-real-estate-boomtowns-2020

Tuesday, September 27, 2011

Touch, zoom, sell: How builders are using tablets to sell homes


Touch, zoom, sell: How builders are using tablets to sell homes

By: Pat Curry
ipads for construction, tablets for construction, how builders are using ipads,

By: Pat Curry

Builders embrace tablets 

Perhaps faster than any other technology in the past, the light bulb has come on for builders about the tablet. It’s more useful than a smart phone for one giant reason: the screen is so much bigger. You can blow up images and really see detail on the screen. It’s also incredibly practical for organizing and storing documents — no more carrying around floor plans, brochures, reams of sales reports, or 2-inch-thick homeowner’s manuals.
With its built-in Wi-Fi/3G/4G connection, it offers instant access to a world of research tools — for instance, Google maps for helping buyers see how long of a commute they would have from their new home to work and mortgage calculators with every floor plan that will adjust with every new selection added. Agents can take photos or videos of memory points in a plan from the model and immediately email them to the buyers, or post them on YouTube so buyers can share them with their family and friends.
Veteran new-home sales manager and consultant Dave Harding saw so much potential in the iPad for sales and marketing research, he built an entire company around it, iHave5Qs. The concept behind the company is to leverage the technology to do quick, focused consumer surveys — five questions that take less than 60 seconds to answer — and transmit the results to clients in real time. At a busy site, such as a grand opening or a new release, trained “capture agents” can talk to dozens of people an hour.
“We’ve gotten as many as 800 responses in a morning,” Harding says. In real-time, his team collects and reports information on who the potential buyers are, what they’re looking for, what they like about the plans and the community, and what they’re willing to spend money on.

Early iPad adopters 

WCI Communities is believed to be the first home builder to provide iPads to new customers.
“People are amazed we’re handing them an iPad,” says Connie Boyd, WCI’s vice president of communications and public relations. “There’s a buzz from it.”
   
“Once upon a time, we thought we had to build a model of every plan or you couldn’t sell it. Today, the economics don’t make sense. We compensated with this new technology.”  — Mike Sivage, Sivage Homes, Albuquerque, N.M.
One of the primary reasons behind giving customers an iPad, she says, is a “Send to a Friend” feature in the application. WCI wanted to make it easy for their customers to tell their friends and family about their new home. It’s already netted them referrals.
“We wanted people to think it was cool,” she says. “It’s not a wine bottle and a couple of glasses. They’ll use this for a long time.”
Other builders might not be handing out iPads to their customers (yet), but they are using tablets in a host of other ways. Darrell French, a community manager for Orlando, Fla.-based Adams Homes, borrowed an iPad from a friend who is a Realtor and instantly saw the potential.
“The uses are endless,” says French. “When you are walking a spec home with a prospect, you can immediately show them options to the current floor plan on your tablet. You can stand in front of the home and show them additional elevations or even landscape packages. You have everything at your fingertips.”
If a prospect likes the furniture in the model, the sales agent can take a picture and email it to them during the demonstration. If a buyer is from out of state and the builder has a question during construction, he can take a photo or video on the jobsite and email it. 
It’s particularly useful, French notes, because builders aren’t building as many spec houses and models now. “You have to rely on your floorplans,” he says. “You can’t say, ‘Let’s go look at our six specs.’”
Tablet technology is saving Sivage Homes tens of thousands of dollars usually spent on building model homes. The company, which is based in Albuquerque, N.M., but builds most of its homes in San Antonio, Texas, generally builds one to three models in each community.
“Once upon a time, we thought we had to build a model of every plan or you couldn’t sell it,” president Michael Sivage says. “Today, the economics don’t make sense. We compensated with this new technology. For us, we’re pretty much a pre-sale custom builder anyway. The example I use for our customers is that people buying million-dollar homes are custom designing those and they don’t have a clue what it will look like before it’s done. We have 3D elevations and renderings so they can have a good idea of what it will look like. The buyers seem comfortable with that.”
For every model home he doesn’t have to build, Sivage says he’s saving $20,000 to $70,000 on decorating alone, depending on the price point of the house. “If you’re saving $30,000 or $40,000, you can do a lot with your technology,” he notes.
Indeed. Sivage Homes has used the savings to outfit its model-home sales centers with Android tablets (much of the builder’s online collateral material uses Flash, which the iPad doesn’t support). The sales centers have been redesigned with a “Starbucks feel,” Sivage says, with casual seating and tables.
Tablet Report Contents
Much of the information that used to hang on the walls is on the tablets now, along with information that never would have fit on the walls, including interior and exterior photo galleries of every community and interactive floor plans. “They can kick back and relax,” he says.
As buyers walk through the model, they carry a tablet with them instead of a static piece of paper. It’s loaded with all the floorplans. They can go to any plan, blow it up, pinch it, expand it, and look at the structural options.
“If the plan has an option for a dining room or a fourth bedroom, they can click on it and see what it would look like. It gives them a much more interactive experience.”
They made the switch, he says, because the company works hard to position itself as being innovative in its product design, paying attention to consumer tastes over time. They recently introduced floor plans with a “tech hub,” a centralized location for electronics. “Even with wireless Internet, you need a place for the printer,” Sivage explains.
With that emphasis in its product, the company felt it needed to reinforce that position with a comparable sales process. “We need to practice what we preach,” he says. “We’re also recognizing that the younger generation is much more visually oriented. They want to see lots of pretty pictures. There’s not enough wall space for that.”
What the tablet doesn’t replace, he says, is the essentials.
“You still need a good sales agent and good product,” he says. “Those are paramount.”

Tablets enable personalized presentations

Good sales agents are finding that they can connect with buyers in very personalized ways with tablets — and they want them in the worst way. At William Lyon Homes – California, regional VP of marketing Janet Kemmerer is dealing with iPad envy after a pilot project at one neighborhood where she gave each sales agent an iPad. In the old model, a prospect would come in, get a brochure, try to avoid having the sales agent go with them through the models, come back to the sales office, and look at the site on a topo table.
With the tools available on the iPad, it’s an easy sell to join the buyers on a demonstration of the house. “Most plans have a ‘wow’ factor,” Kemmerer notes. “We can take a quick video of the plan, pan through it, and email it to them right then.” Using an app called NearMe, the sales agent can identify nearby amenities, such as yoga studios, coffee shops, or doggie day care, that are important to individual buyers.
“I’m really excited,” she says. “I can help control a discussion. You don’t mind me coming along to the model with you because I’m providing a service. In a society with instant gratification, it’s a really great, interactive tool that can be personalized to each buyer.”
Beyond its uses in the sales office, the iPad has been useful to Kemmerer in other aspects of her job. Instead of carrying massive amounts of paper to sales meetings, she converts all her reports and site plans to PDFs and puts all of her reports on iBook. During meetings, she can take notes and send emails with action items before she leaves the room.
During a recent sales training in which the speaker mentioned three useful books, she bought all of them and downloaded them onto her iPad while she was sitting in the training.
“It’s so efficient,” says Kemmerer. “You have it all right there at your fingerprints.”
Almost as soon as the iPad was released, Tom recognized that the product could revolutionize the way he presents his renderings and plans to clients.  Tom knows that his iPad has been an invaluable tool in providing visual aids to assist clients in the decision making process. 

 

Monday, September 12, 2011

Custom Home Event in Charlotte North Carolina

On September 17th, numerous Charlotte vendors will gather together at HD Supply Showroom in Huntersville, NC to educate the public on what having a custom home really means.  The speakers that will be featured at the event include representatives from Excellence Realty of the Carolinas, BB&T, Roger Layman Architecture, Schultz Custom Homes and Remodeling, Davetta Moore Designs, Jan Enright Creations, and Apple Blossom Energy Inc.  Additional event sponsors include Harkey Tile and Stone, E-3 Cabinetry, Berloni America, HH Gregg Fine Lines, and HD Kitchen and Bath Supply.  The event’s moderator will be local radio personality, Stacey Simms from WBT 99.3 fm.     
             
Featured event speakers aim to highlight the many ways in which homeowners can customize their existing living spaces without having to build brand new homes, while also addressing those looking to build from the ground up.  In this economy, homeowners may not have many financial options in terms of relocating, so we plan to use this event to meet them where they are at by simply educating them on what custom truly means and how it is attainable for everyone.  

Alternately, maybe there are those families that have the means to create a brand new, unique home environment by way of custom building.  Speakers will also delve into the many facets of homebuilding that can be customized from beginning to end.  We want to stress that this event is about INFORMING... NOT SELLING. The event is free to the public, however, those planning to attend please RSVP due to limited seating to: Janet@NC-Bldr.com or visit the link below.  Complimentary food and beverages will be provided by HD Supply and door prizes will be given away.  Also, Stacey Simms will be signing her book entitled “I Can’t Cook, but I Know Someone Who Can” at the end of the event. 

 
Event Format:

Time: 11-2:30 / 11-11:30 Welcome and Registration / 11:30-12:00 Lunch will be served / 12:00-1:30 Advice from Featured Speakers, hosted by a moderator / 1:30-2:00 Open Forum Question & Answer / 2:00-2:30 Guests are dismissed to browse freely and talk with sponsors 

Location: HD Supply Showroom at 16235 Northcross Drive Huntersville, NC 28078