If any of the following topics seem familiar to you, you may want to assess where your company stands relative to some of the issues outlined below. These are areas of management that are crucial to the profitable operation of a homebuilding concern (please note: the extent to which your company would use the outlined procedures is dependent on the size, structure, and management expertise of your company).

• Structured and logical land feasibility studies; Market comparables; Architectural plan and review process - assessing market needs accurately.

• Estimating and material take-offs - Are your plan details closely managed and do you know the true cost of building a home before it is started?

• Contracting - tying estimates, purchase orders, and cost control together.

• Managing options - How are your options managed from estimating to the final sale?

• Managing custom options and pricing - Does your company have a policy to manage changes?

• Agreement of Sale (Contract) binder - Do you have documented procedures that outline the flow of paperwork from one process to the next.

• Personnel job descriptions - Do all your personnel have a job description and a defined set of responsibilities and guidelines for their position?

• Management Structure -How is your management team structured to handle your operating tasks?

• Computer systems and software - Are you using the available technology to it’s highest use?

• Warranty - Do you have a warranty system in place that goes from contract signing to settlement?

These are just a few of the operating issues that you may be facing. We can assist with many of your general management issues.