Podcasts about custom homes

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Best podcasts about custom homes

Show all podcasts related to custom homes

Latest podcast episodes about custom homes

Friends of Build Magazine
Revolutionizing Roofing: The Viotell Metal Concepts Story with Anthony Ortega & Gonzalo Tellez of Viotell Metal Concepts

Friends of Build Magazine

Play Episode Listen Later Jun 19, 2025 50:59


Ted speaks with Gonzalo Tellez and Anthony Ortega, founders of Viotell Metal Concepts, about their innovative approach to the roofing industry. They discuss the evolution of roofing from a purely functional aspect to an art form that incorporates design and collaboration with contractors and architects. The importance of a strong work ethic, the advantages of being an immigrant in business, and the significance of creating a legacy for future generations are also highlighted. The conversation emphasizes fostering a culture of innovation and problem-solving within their team, showcasing how they have transformed their business into a specialist provider for high-end clients.TOPICS DISCUSSED01:10 Introductions03:40 Innovating the Roofing Industry07:55 The Art of Roofing11:35 The American Dream14:05 Evolving from Roofers to Specialists19:50 Fostering a Culture of Innovation23:25 The Pivotal Project: A Turning Point25:15  Risk-Taking and Personal Growth27:10 Building a Supportive Team Culture30:00 Exciting New Projects and Challenges32:00 Investing in Advanced Technology35:30 Focusing on Residential Over Commercial37:55 High-End Commercial Projects39:00 The Journey of Persistence42:30 Expanding into New Markets45:50 Trends in the Roofing Industry CONNECT WITH GUESTAnthony Ortega & Gonzalo TellezWebsiteYoutubeInstagramKEY QUOTES FROM EPISODE"Collaboration with contractors is crucial.""Failures can lead to unexpected solutions.""A mindset is lifelong."

Talking About a Home
Talking About A Home Featuring: Travis Arnett of Arnett Custom Homes (8:11) and Debby Gomulka of Provenance Lee Interiors (46:28)

Talking About a Home

Play Episode Listen Later Jun 14, 2025


Charleston Home and Design Radio Show Feed

AFT Construction Podcast
Construction Loans for Custom Homes with Thad Flores

AFT Construction Podcast

Play Episode Listen Later Jun 8, 2025 63:53


Sponsors:• ◦ Visit Buildertrend to get a 60-day money-back guarantee on your Buildertrend account• ◦ Marvin Windows and Doors• ◦ Sub-Zero Wolf Cove Showroom PhoenixConnect with Thad Flores:https://www.arizonafinancial.org/thad-floresConnect with Brad Leavitt:Website | Instagram | Facebook | Houzz | Pinterest | YouTube

Building With Breven: The Ultimate Guide to Building a Custom Home
Framing + Cornice + Roof Decking: How to Build the Structural Shell of a Custom Home

Building With Breven: The Ultimate Guide to Building a Custom Home

Play Episode Listen Later Jun 6, 2025 37:22


Episode 31: Framing, Cornice & Roof Decking – How to Build the Structure of a Custom HomeIf you're planning to build a home, understanding the structural phase is essential to successful home building. In this episode of Building With Breven, we continue our 7-part mini series inspired by our most downloaded episode, Ep. 22, diving deeper into Step 3: Framing, Cornice, and Roof Decking.Knowing how to build a home from the ground up starts with getting the frame right—and this is especially critical for custom homes, where every detail matters.In this episode, you'll learn:What framing, cornice, and roof decking actually include in modern home constructionWhy engineering matters: structural loads, windstorm requirements, and long-term durabilityChoosing between metal framing and wood framing when you build a homeSmart framing techniques for efficient, sustainable home building (like California corners and 24” OC spacing)What “drying in” means and how cornice work ties into windows, soffits, and fasciaWeatherproofing strategies and exterior insulation best practices (also see Ep. 10)Types of roof decking and how they impact your custom home's performanceWhether you're hiring a builder or overseeing your own custom home project, this episode will help you better understand how to make smart, cost-effective decisions during one of the most critical phases in the home construction process.At Breven Homes, we're committed to helping homeowners like you learn exactly how to build a home with confidence—from concept to completion.

The Barndo Show: A Barndominium Podcast
EP 71: How We Build 300 CUSTOM Homes A Year CONSISTENTLY! | microPOD

The Barndo Show: A Barndominium Podcast

Play Episode Listen Later Jun 6, 2025 38:54


Start Dreaming Up YOUR Barndominium: https://www.thebarndominiumco.comOn this episode, TJ talks with Director of Construction Nick Menz about the leaps the Barndo Co has made forward in building faster and more accurately over the last couple years! They also go over some specifics on how we build now vs how we used to build.Follow TJ on all socials:@iamtjnorris______________________________________________________________________The Barndo Co builds custom Barndos all around the Southeast US. If you are considering building a barndominium, schedule a call with us today - https://thebarndominiumco.com/contact/Connect with us at:https://www.facebook.com/thebarndominiumco/https://www.instagram.com/barndoco/https://soundcloud.com/thebarndocohttps://www.crunchbase.com/organization/barndo-cohttps://maps.apple.com/place?auid=15697825905394762793https://www.inc.com/profile/the-barndo-cohttps://www.pinterest.com/barndoco/https://www.linkedin.com/company/barndominium/#barndominiums #barndo #podcast

Building With Breven: The Ultimate Guide to Building a Custom Home
Custom Home Foundation: How to Build a Strong, Lasting Base for Your Home

Building With Breven: The Ultimate Guide to Building a Custom Home

Play Episode Listen Later May 30, 2025 36:21


Episode 30: How to Build a Strong Foundation for Your Custom Home | Step 2 of the Home Building ProcessIn this episode of Building With Breven, we continue our 7-part mini series breaking down each step of the custom home building process. This week, we take a deep dive into Step 2: Foundation—a critical phase that can make or break your entire home construction project.If you're planning to build a home, understanding the foundation phase is essential to avoid costly mistakes and structural issues later on. Host Steven Byrnes and Mike Byrnes of Breven Homes explain everything you need to know about laying a strong, lasting base for your custom home.How engineering impacts your home's foundationChecking house orientation and layout before pouringThe most common types of foundations in home buildingWhere to place floor plugs, plumbing, and electrical conduitHot and cold weather precautions for foundation poursIdeal foundation heights for custom homesChoosing the right type of concrete for your soil and designThe impact of floor finishes on your foundation planSmart ways to save money when building a foundationWhether you're just starting to research how to build a home or you're already deep into the home construction process, this episode will give you the expert guidance you need to make confident decisions.At Breven Homes, we believe the more you understand the home building process, the better your project outcome will be. That's why we created this special series—to help you gain clarity on what it takes to build a home that lasts.

UBC News World
Top UK Gift Shop Sells Custom Home Accessories & Wall Art For Father's Day

UBC News World

Play Episode Listen Later May 27, 2025 2:11


Heads up: Father's Day is less than a month away, but there's still plenty of time to find a gift he'll treasure for a lifetime. Learn more at https://cosycrafted.com Cosy Crafted City: Clarebrand Address: The Moat Website: https://cosycrafted.com Email: hello@cosycrafted.com

Talking About a Home
Talking About A Home With: Travis Arnett of Arnett Custom Homes (8:11) and Debby Gomulka of Provenance Lee Interiors (46:28)

Talking About a Home

Play Episode Listen Later May 24, 2025


Charleston Home and Design Radio Show Feed

Building With Breven: The Ultimate Guide to Building a Custom Home
Lot Prep Explained: How to Prepare Your Land for a Custom Home Build

Building With Breven: The Ultimate Guide to Building a Custom Home

Play Episode Listen Later May 23, 2025 30:42


Lot Prep Masterclass: Essential Steps to Prepare Your Land for a Custom Home | Episode 29In this first episode of our special 7-part series expanding on our most popular episode (Ep. 22), hosts Steven Byrnes & Mike Byrnes take an in-depth look at Lot Preparation, the critical first step in the custom home building process.You'll learn about:Land Surveying & Boundary Identification: Why surveying your lot is crucial.Tree Clearing & Site Preparation: Key considerations for effectively clearing your land.Scraping the House Pad: Proper techniques to establish a solid foundation.Excavation & Basements: Important excavation insights, including considerations for basement builds.Drainage & Topography Management: Ensuring proper water runoff and land grading.Utilities & Setbacks: Understanding utility placements and building setback requirements.Whether you're planning your dream custom home or just getting started, this episode will equip you with essential knowledge to avoid costly pitfalls.Subscribe and visit buildingwithbreven.com for more resources, and follow us on Instagram @brevenhomes for additional custom home insights.

Global Trade Gal
Why Is Asia the Smartest Choice for Scalable, Custom Home Decor Manufacturing?

Global Trade Gal

Play Episode Listen Later May 21, 2025 10:43


In the global race to deliver unique, scalable home decor products at competitive prices, Asia stands out as the ideal destination for B2B buyers. Whether you're a home decor retailer, wholesaler, or interior brand, manufacturing hubs like China and Vietnam offer unmatched customization, volume capability, and quality.From custom lighting to tailored furniture, Asian manufacturers bring your product vision to life with flexibility and craftsmanship. Tune in to this episode of #GlobalTradeGal with host Anita—or click here to learn more.#B2BMarketing #HomeDecorBusiness #AsiaManufacturing #InteriorDesignSupply #CustomFurniture #SourcingInAsia #GlobalTrade #WholesaleHomeDecorSupport the show

The Construction Leading Edge Podcast
How to Create a Killer Lead Generation System for Your Construction Business with Logan Shinholser | E391

The Construction Leading Edge Podcast

Play Episode Listen Later May 19, 2025 53:06


The Drywall Podcast
Logan Davis - Davis Custom Homes

The Drywall Podcast

Play Episode Listen Later May 16, 2025 71:41


Recently we had an unusually large order come through the Fresco Harmony and it was a familiar name.  Logan Davis.  I'd never talked to him on the phone and he'd never called to inquire about the product.  He just picked it up and has been crushing it with Fresco Harmony for many years now.  I decided to give him a call to see what in the hell he was doing to sell Fresco Harmony and maybe pass some of that knowledge onto some other finishers in the drywall community.  He agreed and the rest is history.  Logan is a great guy and is extremely well rounded in the construction industry.  This conversation moves through the fabric of the home building process and in the end we spin a tale that's sure to be pleasing to the regular listener of The Drywall Podcast.  This is episode 131... Today's episode of The Drywall Podcast was brought to you by Tape Tech.  This month we're highlighting The T-Raxx system. Exclusive to TapeTech and available through AMES, All-Wall, and West-Tech $149 for T-RAXX or $500 total system cost for maximum mobility and jobsite flexibility. Head over to their instagram, Facebook, and YouTube pages to find out more...  

RE Social Podcast
Ep. 94 What It Takes to Build High-End Custom Homes with Empress Builders' Imer Bauta

RE Social Podcast

Play Episode Listen Later May 5, 2025 105:19


In this episode of the RE Social Podcast, hosts Andrew McCormick and Vince Rodriguez welcome Imer Bauta, owner of Empress Builders, who specializes in custom residential homes in Laguna Beach and Malibu. He shares his journey from growing up around Brooklyn multifamily properties to leading high-end residential projects. Imer shares how his father's values of quality and hustle shaped his path, and how he transitioned from large commercial builds to bespoke coastal homes. From building strong client relationships to navigating market trends and ensuring transparency in every phase, Imer offers a behind-the-scenes look at what it really takes to succeed in the luxury construction world. Don't miss this deep dive into real estate, craftsmanship, and entrepreneurial grit. Listen now!Key Takeaways00:00:00Welcome to the RE Social Podcast00:01:20Growing Up in a Real Estate Family00:06:08His Father's Journey and Values00:17:48Starting a Business in Laguna Beach00:25:52First Project Challenges and Successes00:28:49Career Transition and Early Struggles00:36:25Success Stories in Custom Residential00:39:36Challenges in Hiring People00:41:04Strategies on How to Hire Effectively00:47:43Personal Real Estate Investments00:52:40Family and Business Decisions01:07:22Expanding the Business to Malibu01:11:48The Problem with Inflated Meetings01:14:28Discussing Multifamily Market Trends01:16:43Incentives in Construction Projects01:25:39Impact of Tariffs and Lumber Prices01:40:49Connect with ImerResources and LinksEmpress Builders https://www.empressbuilders.com/Connect with Imerhttps://www.linkedin.com/in/imer-bauta/https://www.instagram.com/empressbuilders/https://www.empressbuilders.com/imer-bautaNeed Help? BOOK A CALL:https://anviinvest.com/consulting/ Learn more about AnVi Invest

The Real Build
233. The Hidden Costs of Building a Custom Home (And How to Avoid Getting Burned)

The Real Build

Play Episode Listen Later May 1, 2025 36:33


Building a custom home should be one of the most exciting things you ever do, but for a lot of people, it turns into stress, unexpected costs, and major headaches. In this solo episode, I'm breaking down the hidden costs that most builders don't tell you about… and how you can avoid getting burned.From vague contracts and unrealistic allowances to surprise site work and change orders — I'm covering what to look out for and how to build smart from day one. If you're thinking about building, don't miss this one. It could save you thousands.Host Info:CONNECT WITH ME ON SOCIAL MEDIA:▶︎ YOUTUBE | ⁠⁠⁠⁠https://www.youtube.com/channel/UCxAdSxHN0dIXZPhA-6p1HYA ⁠⁠⁠⁠▶︎ INSTAGRAM | ⁠⁠⁠⁠https://www.instagram.com/imbillreiman⁠⁠⁠⁠▶︎FACEBOOK| ⁠⁠⁠⁠https://www.facebook.com/billy.reiman ⁠⁠⁠⁠▶︎ LINKEDIN | ⁠⁠⁠⁠https://www.linkedin.com/in/bill-reim...⁠⁠⁠⁠▶︎ TWITTER | ⁠⁠⁠⁠https://twitter.com/ImBillReiman⁠⁠⁠⁠▶︎ WEBSITE | ⁠⁠⁠⁠https://www.rkreiman.com

The Construction Leading Edge Podcast
Feel Like Giving Up? 9 Proven Ways to Overcome Business Adversity | E387

The Construction Leading Edge Podcast

Play Episode Listen Later Apr 28, 2025 28:08


☎️Schedule your free business evaluation call with our team HERE  – EPISODE 387: Does it ever feel like your construction business is sinking? That moment when you wonder, “Is this even worth saving?” You're not alone. Every business owner hits that wall. But here's something most people miss: It's not your circumstances that are causing the problems—it's the story you're telling yourself. In this week's episode of The Construction Leading Edge podcast, I'm sharing nine powerful strategies that will help you break free from a business slump. We'll cover: → What most people typically do when things aren't going well → Powerful ways to handle business adversities → Key lessons from Napoleon Hill's Think and Grow Rich → The Stockdale Paradox and more! If you've ever felt like throwing in the towel or burning it all down, this episode is for you. Let's dive in!   Key Takeaways: Introduction (00:00) What we do when things aren't going well (00:57) Separate observable facts (01:43) Detach from the situation (05:34)  Cultivate a habit of gratitude (06:37)  Control the controllables (07:45)  Reframe the situation (09:01) The Stockdale Paradox (12:53) Take extreme ownership (17:14) The catastrophizing exercise (19:17) Do a mental hygiene (21:06) Final advice (23:26)   Additional Resources: - Schedule your free business evaluation call with our team HERE    Books Mentioned: - Good to Great by Jim Collins - Think and Grow Rich by Napoleon Hill - The Obstacle is the Way by Ryan Holiday -- The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time. Follow us on your favorite podcasting platform so you never miss an episode!  

The Construction Leading Edge Podcast
From Burnout to Balance: How the Franklin Brothers Beat Construction Chaos For Good | E386

The Construction Leading Edge Podcast

Play Episode Listen Later Apr 24, 2025 51:15


☎️Schedule your free business evaluation call with our team HERE  – EPISODE 386: Do you feel like your construction business is running you instead of the other way around? Do you constantly bring your work home? For many construction business owners, weekends also mean emails and phone calls. Often, family dinners turn into business meetings. But not anymore! In this week's episode of The Construction Leading Edge podcast, I sit down with two of my favorite Canadians—and students of our Systematized Your Construction Business (SYCB) program—Laughlin and Ross Franklin. Originally overwhelmed by the volume of work, the brothers struggled with a lack of structure and constant reactive management. After joining our program, they implemented powerful tools that transformed their construction company (and also their lives). Today, the Franklin brothers share: ➡What chaos actually looks like in construction ➡The exact blueprint that reduced chaos in their business ➡How systematizing their business improved their quality of life ➡Tips for getting your team on board with change …and more! Ready to escape the construction chaos and get your life back? Let's dive in!   Key Takeaways: Introduction (00:00) The Franklin brothers' construction business (02:04) What chaos looks like in construction (06:03)  From organized chaos to systematized operations (12:04)  Core systems and processes behind their business growth (20:28) How systems transformed their construction business (21:55) Does construction have to be chaotic? (27:24) Life after systematizing operations (30:17) How to implement systems that stick (33:34)  Getting your team aligned with change (36:13) The CEO Alliance (42:38) Final thoughts and advice (45:44)   Additional Resources: - Schedule your free business evaluation call with our team HERE  -- The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time. Follow us on your favorite podcasting platform so you never miss an episode!  

The Construction Leading Edge Podcast
Avoid These Critical Mistakes When Building Your Construction Business with Alex Gregg | E385

The Construction Leading Edge Podcast

Play Episode Listen Later Apr 21, 2025 81:27


The Construction Leading Edge Podcast
Secrets of Buying and Selling a Construction Business & Why Most Are Unsellable with Mark Powers | E384

The Construction Leading Edge Podcast

Play Episode Listen Later Apr 17, 2025 50:09


The Construction Leading Edge Podcast
7 Sales Pitfalls Costing You Profit and Freedom - And How to Fix Them | E382

The Construction Leading Edge Podcast

Play Episode Listen Later Apr 7, 2025 24:02


The Construction Leading Edge Podcast
7 Reasons to Fire Yourself from Sales | E381

The Construction Leading Edge Podcast

Play Episode Listen Later Mar 31, 2025 21:19


The Modern Craftsman Podcast
#354 Nate Spearing's Journey from Special Forces to Custom Home Builder

The Modern Craftsman Podcast

Play Episode Listen Later Mar 24, 2025 92:04 Transcription Available


Join Nick and Tyler as they interview Nate Spearing, a former Army Special Forces operator turned custom home builder, exploring the parallels between military discipline and entrepreneurial success. The conversation delves deep into Nate's personal philosophy of balancing business growth, family values, and the importance of creating meaningful experiences while maintaining resilience and purpose. Episode Outline: Nick Schiffer's Introduction and Guest Background (0:00) Sponsor Mentions and Podcast Structure (2:28) Relatable Experiences and Industry Challenges (5:16) Balancing Business and Personal Life (7:08) Risk Tolerance and Business Decision-Making (8:16) Military Background and Business Adaptation (8:30) Internal and External Motivation (9:27) Building a Unique Business (1:28:19) Personal and Professional Growth (1:28:35) Final Thoughts and Future Plans (1:28:52) Balancing Work and Personal Life (1:29:12) Creating a Stress-Free Environment (1:29:29) Teaching Children Valuable Skills (1:29:43) Balancing Work and Personal Growth (1:30:02) Leveraging Media and Technology (1:30:18) Final Thoughts and Recommendations (1:30:51) Watch this episode on Youtube: https://youtu.be/Tvft1mAPnY0 Partners:  Andersen Windows Buildertrend Velux The Modern Craftsman: linktr.ee/moderncraftsmanpodcast Find Our Hosts:  Nick Schiffer  Tyler Grace  Podcast Produced By: Motif Media

The Construction Leading Edge Podcast
Boost Profit with the First Hour Principle: The Key to a Productive Construction Jobsite | E380

The Construction Leading Edge Podcast

Play Episode Listen Later Mar 24, 2025 31:10


26 Square Miles - An Arlington Podcast
Build or Renovate? Crafting the Blueprint for Your Forever Home

26 Square Miles - An Arlington Podcast

Play Episode Listen Later Mar 22, 2025 63:19


This panel discussion features Arlington-specific insights on residential renovation vs. new construction costs and considerations, as well as construction timelines and financing options. On the panel were Arlington experts from MR Custom Homes, DeFalco Home Design, Alair Homes, and US Bank. The event was moderated by ARLnow real estate columnist Eli Tucker and held at Arlington Central Library on March 11, 2025. Essential listening for Arlington homeowners considering their next steps.

Nestology Podcast
Building a Home (Part 2): Buying Land and Custom Homes

Nestology Podcast

Play Episode Listen Later Mar 18, 2025 18:45


 In part two of our home-building series, we dive into the world of custom homes and building on land. Beyond choosing a builder and designing your dream home, we discuss the critical due diligence steps for the land itself—testing, zoning, easements, and utilities. From permits to site preparation, we break down the complexities of building on your own lot so you know what to expect. We also discuss the difference in financing options for these unique situations. If you're considering going custom, this episode is a must-listen! Send us a textEnjoyed this episode? Share it with friends and family or leave us a review! Have questions or stories to share? Send them our way, and they might be featured in a future episode! Stay Connected:- Follow us on Instagram and Facebook for more updates and visuals.- Visit our website at NestologyPodcast.com for additional resources and episode archives.- Email us at NestologyPodcast@gmail.com with your questions and stories!

The Construction Leading Edge Podcast
Lock In Profits & Assign Risk with a Solid Buyout Process | E378

The Construction Leading Edge Podcast

Play Episode Listen Later Mar 10, 2025 26:48


Friends of Build Magazine
Craftsmanship, Culture, and Technology in Custom Home Building with Mike Cocozza of Trinity Custom Homes

Friends of Build Magazine

Play Episode Listen Later Mar 6, 2025 56:38


Ted speaks with Mike Cocozza, the founder of Trinity Custom Homes in Sarasota, Florida. Mike Cocozza transitioned from working in construction with his father to building a successful custom home business. He discusses company culture, faith's role in business, and navigating challenges to achieve growth. He also talks about the importance of craftsmanship, client relationships, innovative marketing, and technology's role in streamlining processes. Cocozza also discusses the transformative impact of 3D modeling and robotics in construction, and how his team uses virtual modeling to build homes efficiently and accurately. He shares his vision for growth, focusing on mentorship and inspiring future builders to pursue careers in the trades.TOPICS DISCUSSED01:10 Introduction to Mike Cocozza and Trinity Custom Homes01:45 Mike's Early Influences and Career Path04:45 Building a Strong Company Culture07:45 The Role of Faith in Business13:25 From Small Beginnings to Major Projects19:30 Navigating Challenges in Custom Home Building22:55 The Importance of Craftsmanship and Client Relationships26:15 Innovative Marketing Strategies31:40 Leveraging Technology for Success: 3D Modeling in Construction41:10  Embracing Robotics: The Future of Home Building46:45 Vision for Growth: Expanding Horizons in Construction48:45 Mentorship and the Future: Inspiring the Next GenerationCONNECT WITH GUESTMike CocozzaWebsiteInstagramLinkedInKEY QUOTES FROM EPISODE"Every day is good. Some days are just more good.""Money is not success.""Find people that are smarter than you."

The Construction Leading Edge Podcast
Scaling a Construction Business Using the 4L Framework with Mike Andes | E377

The Construction Leading Edge Podcast

Play Episode Listen Later Mar 3, 2025 57:46


Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services

If you've been a long-time reader or a contracting company owner, you've probably heard about "Cost of Goods Sold" (COGS). But what does it really mean, and why is it crucial for your construction business's success? Understanding COGS isn't just about accounting—it's about making smart decisions for profitability, pricing, and more.    1. What is the Cost of Goods Sold (COGS)?    COGS represents the direct costs of creating the products/services your business sells/provides. These include materials, labor hours, and even manufacturing overheads. Any expense that contributes directly to a product's creation is included in COGS.   COGS provides critical insights into your business's efficiency and profitability. It's a fundamental metric showing how much you spend to produce inventory relative to your sales.     Contractors often ask us if they can buy our Chart of Accounts with Cost of Goods Sold and import them into their QuickBooks Desktop or QuickBooks Online file. The answer is yes! We also offer the complete QB Setup Template. 2. What are the components of COGS?  COGS isn't one-size-fits-all. It includes different types of costs depending on your business.  Here are the main components typically included in COGS: Materials: Raw ingredients or parts used to provide your service Payroll: The wages you pay to employees directly involved in production Manufacturing Overheads: Indirect costs required to produce services, such as equipment depreciation or utility costs.  Note  General overheads, such as office or marketing costs, are not included in COGS—only expenses tied directly to production count.  3. How do I calculate COGS?  Fortunately, calculating COGS follows a straightforward formula: COGS = Beginning inventory + Purchases during the period – Ending inventory  Breaking it down: Beginning inventory: The inventory value on hand at the start of the accounting period.  Purchases: All costs for new inventory bought or manufactured during the period.  Ending inventory: The value of unsold inventory at the period's end.  Example Calculation  Imagine you run a small boutique that sells handmade gifts. If: Your beginning inventory is $5,000,  You spent $8,000 on materials and production, and  Your ending inventory is $2,000,  Then your COGS would be:  $5,000 + $8,000 – $2,000 = $11,000  This $11,000 represents the cost of creating the products you sold during the period.  But wait - that is for a retail business. Simple. What about construction? Direct Costs are tied to the jobs (field labor, materials, and other cost items). Office materials (pencils, paper, toner, etc.) are overhead. Yes, an accountant could say these many pencils are used in the field and that notepad is used in the truck.  The answer is the dividing line of the direct costs to the job: the Costs of Goods Sold (COGS). That is why we've created our Chart of Accounts, which you can use inside QuickBooks, depending on your type of construction business. Most COGS accounting methods you will find are for inventory valuation, which is confusing to most contractors. Confusion always arises about the material. A construction contractor may purchase material and resell it to their customer at cost, thinking it is a reimbursable expense. (You lose money when doing this.)   Remember, all invoices to the Customer (Retail, General Contractor, Spec Builder, Developer) are income. Washington State has a clear explanation. If the words are on the invoice, then the invoice is either taxable or non-taxable based on other factors. Every line item on a customer invoice is income.   Purchases for the material are the Cost of Goods Sold or expenses if you are short-cutting your accounting. I have seen financial statements backed out because they will reflect reimbursable income as a negative number, thereby showing it as a deduction. (The net effect is double-dipping on the expense side.) The cause is that the accounting software is not being correctly set up. We fix bad QuickBooks setups for Construction Contractors. New Construction Home Building is another area of confusion. In the mind of many construction contractors, a Spec home is any new house being built for resale. That is true; it is a New Construction House. The question is on the construction accounting side. For the Owner and Developer (who might be the General Contractor running the job), it is a Spec Home.  For the General Contractor who is building a New Construction Home for a Developer, it is NOT a Spec Home. Why might it seem the same as both are New Construction Houses? The question to be answered is, "Who owns the house?" - It is a Spec House in the accounting system for THE OWNER.     If the General Contractor does not own the house, then from the accounting side for that specific General Contractor, the house is a Custom Home with an owner who is not the General Contractor.   Suppose the General Contractor or developer owns the new house being built. In that case, it is a Spec House in the Accounting System. All costs roll up into WIP (Work-In-Process) and convert to COGS when the house is sold, not before. Recognize expenses when the home sells. Otherwise, expenses one year and sales the next equals taxes.    In Washington State, all construction contractors working for a spec builder must collect sales tax on all services (labor and material) when billed by the general and trade construction contractors. In Washington State, all Construction Contractors working on Custom Homes, Residential or Commercial Projects, large or Small Remodels, or Handyman Projects can accept a reseller permit from the General Contractor. The general contractor bills and collects sales tax from the Owner.   In Washington State, Contractors must collect sales tax on all retail projects, including Labor, Materials, and others. Sales tax must be collected on every line item. Customer Discounts can be given for any reason. And that is just for one state. Pro Tip  Consult with your accountant to identify the best method for your business—tax implications vary by approach.  4. Why does understanding COGS matter?  Knowing your COGS is a game-changer for managing and growing your business. Here are some ways it benefits you: Profitability analysis - COGS is crucial for calculating gross profit. Subtracting COGS from revenue reveals how much your products contribute to your bottom line.  Pricing strategy - Understanding how much a specific project costs allows you to set prices that cover expenses while leaving room for profit.  Financial reporting - COGS is necessary for accurate income statements and tax reporting. It also demonstrates operational efficiency, which is key for attracting investors or securing loans.  Tax benefits - COGS are deductible, reducing your taxable income. The more precise your calculations, the better-positioned you'll be during tax season.  5. How can your accountant help  Managing COGS can be complex, but you don't have to go through it alone. Your accountant is your best ally when navigating this process.  They can: Help you set up your Contractor Chart of Accounts Ensure all eligible expenses are accounted for (and not missed!).  Revise your tax strategy while staying compliant with regulations.  One of the most dangerous and difficult steps in setting up the Chart of Accounts is during QuickBooks setup, especially for contract service-based businesses. Get this one thing right, and your QuickBooks for contractors can generate useful financial and job costing reports. If you get it wrong, you will never get useful reports, no matter who handles your contractor's bookkeeping services needs. The reports you do get could lead you to make decisions based on insufficient information that could destroy your entire construction company. A thought  Understanding your Cost of Goods Sold isn't just an accounting exercise—it's the foundation for business success. Calculating and tracking COGS effectively will empower you to make better pricing, profitability, and growth decisions.  Why struggle with numbers when you can partner with someone who lives and breathes construction accounting? Freeing up your time lets you focus on growing your business. You are never too small for us to help, and we can help you begin with your first day in business.    I am looking forward to being of assistance.   About The Author: Sharie DeHart, QPA, is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com  

The Construction Leading Edge Podcast
The Tool NFL Coaches Rely On—And Why Your Team Needs It Too | E375

The Construction Leading Edge Podcast

Play Episode Listen Later Feb 17, 2025 30:24


Burn Your Boats Wealth
Episode 63: From $50K Salary and $12K Crack Houses to a $100M Portfolio w/ Jon Parker.

Burn Your Boats Wealth

Play Episode Listen Later Feb 17, 2025 80:14


Ever feel like you're one punch away from being knocked out? That's the reality for entrepreneurs and real estate investors. On this episode of Burn Your Boats, Clark Lunt and David Shaw sit down with Jon Parker, a guy who knows a thing or two about taking punches and coming out on top. Jon's story is incredible: he went from a $50,000 salary as a minor league hockey player to an eight-figure net worth by just 33 years old. And he's seen the world – 60 countries and counting! This isn't just another rags-to-riches story. Jon gets real about the highs and lows, the tough conversations with investors, and the times he had to take one for the team. He reveals how he navigated the treacherous waters of the COVID real estate market, turning potential disaster into opportunity. If you're looking for inspiration, practical advice, and a kick in the pants to pursue your dreams, this episode is a must-listen. Jon's journey proves that resilience, a "just do it" attitude, and the willingness to learn from every experience – good or bad – are the keys to building wealth and achieving true freedom. Tune in now and discover how to burn your boats and forge your own path to success.Website: https://www.the57ag.com/Email: Jon@The57AG.comTakeawaysResilience is key in navigating life's challengesTransitioning from sports to business requires adaptabilityMarket fluctuations can impact investment strategiesCovering investor losses can be a difficult but necessary decisionBuilding a business requires a shift in mindset and strategyConsulting can provide valuable support to clients in real estateUnderstanding market demands is crucial for successLuxury homes are becoming more desirable in today's marketHaving a knowledgeable advocate can protect clients from contractor pitfallsChapters00:00 Travel Experiences and Cultural Insights02:33 Personal Journey and Perspectives on Success04:51 Exploring the Arctic: A Newfound Passion for Nature05:44 Unique Travel Experiences: From Ecuador to the Equator06:39 The Journey to 60 Countries: Time Freedom and Success07:09 From Professional Hockey to Real Estate: The Beginning09:29 First Steps in Real Estate: A Leap of Faith11:37 Learning Through Experience: The Toledo Investment17:09 Transitioning to Bigger Projects: The Shift in Strategy21:15 Navigating COVID-19: Challenges and Adaptations24:52 The Shift to Florida: Seizing Opportunities35:13 Facing Market Challenges: Lessons Learned in 202342:06 Redefining Success: Building a Real Business in Real Estate42:30 Navigating Challenges in Real Estate Investment43:55 The Birth of a New Business Model45:48 Overcoming Setbacks and Learning from Experience48:22 The Importance of Long-Term Vision52:42 Shifting Trends in the Housing Market58:31 The Rise of Custom Homes and Owner Representation01:02:23 Building a Scalable Business in Real Estate01:12:16 The Value of Client Advocacy in Construction01:18:27 Navigating the Real Estate Market01:18:55 Engaging with Our Audience01:19:25 Introduction to Burn Your Boats Wealth Podcast01:19:54 Engagement and Community Buildingkeywordsresilience, real estate, entrepreneurship, market challenges, consulting, custom homes, investment strategies, adaptability, business growth, financial lessons#resilience #realestate #entrepreneurship #marketchallenges #consulting #customhomes #investmentstrategies #adaptability #businessgrowth #financiallessons #realestateinvesting #jonparker #the57AdvisoryGroup #BurnYourBoatsWealthPodcast #clarklunt #davidshaw #realestatepodcast #markettrends #2025realestatemarket #tampaflorida Hosted on Acast. See acast.com/privacy for more information.

Architecture, Design & Photography
Ep 115 - The Importance of Understanding Client Goals and Values w/ Christi Hissong

Architecture, Design & Photography

Play Episode Listen Later Feb 13, 2025 85:07


Born and raised in Southern Coastal Maine, Christi has been building homes for over a dozen years alongside her husband, Kurt, after a career in biotech. With a background in engineering and as a building science enthusiast, Christi excels in understanding how design decisions impact a project's performance, function, aesthetics and budget. Christi expertly guides her clients through each phase of the build process with her collaborative nature and attention to detail. She naturally forms meaningful relationships with each client and develops a deep understanding of their goals, values and lifestyle to ensure their home exceeds their expectations. More From Christi Hissong Website: https://www.propermodernhome.com/ Instagram: https://www.instagram.com/propermodernhome Facebook: https://www.facebook.com/ProperModernHome More from us: Website: www.adppodcast.com Instagram: http://instagram.com/adppod_ Apple Podcast: https://podcasts.apple.com/us/podcast/architecture-design-photography/id1447381737 Spotify: https://open.spotify.com/show/5qTtT0lpXkVGyksEkN57VS

The Construction Leading Edge Podcast
Cut Project Schedules by 25% and Boost Profitability by 38% - Here's How w/ Michael Thorp | E374

The Construction Leading Edge Podcast

Play Episode Listen Later Feb 10, 2025 55:32


The Construction Leading Edge Podcast
4 Foolproof Steps to Stop Construction Chaos (Before It Costs You Thousands!) | E373

The Construction Leading Edge Podcast

Play Episode Listen Later Feb 3, 2025 27:08


The Construction Leading Edge Podcast
Exposing 6 Lies that Keep Construction Businesses Stuck in Chaos | E372

The Construction Leading Edge Podcast

Play Episode Listen Later Jan 27, 2025 33:22


The Construction Leading Edge Podcast
4 Profit-Killing Mistakes Construction Business Owners Make and How to Fix Them | E371

The Construction Leading Edge Podcast

Play Episode Listen Later Jan 20, 2025 30:59


The Construction Leading Edge Podcast
How to Build a Lean Systematized Construction Business with Tod Ingersoll | E370

The Construction Leading Edge Podcast

Play Episode Listen Later Jan 13, 2025 53:51


EPISODE 370: Do you feel like your construction business is running you instead of the other way around? In this latest episode of the Construction Leading Edge podcast, I sit down with Tod Ingersoll, founder and president of NuWood Creations, about how he turned his chaotic construction business into a well-oiled 7-figure business machine. Tod shares his journey from the corporate world to running a successful design-build construction company. He reveals how Lean management strategies can revolutionize your business, why pre-construction planning is non-negotiable, and the surprising impact of empowering your team. Don't miss this riveting discussion on systematizing and scaling your construction business so you can finally reclaim your time! Let's dive in!   Key Takeaways: Introduction (00:00) Tod Ingersoll's journey into construction (02:43) Applying Lean management strategies in construction (07:57) Manufacturing vs. construction mindset (09:02) The challenges of a growing business (14:50) Ripple effects of outgrowing a business system (20:34) Importance of a robust pre-construction process (23:22) Impact of having clear systems and processes (26:50) Tips for getting your team on board with new processes (30:42) How to empower your team (33:35) Reclaiming time freedom (38:58) Advice for those thinking of joining the SYCB program (40:33) Keys to implementing systems and processes (44:48) Advice to new construction business owners (48:42) Episode wrap-up (49:52)   Additional Resources: - Download our FREE Strategic Planning Guide HERE - Schedule your FREE business evaluation call with our team HERE  - Learn how to make your business run without you HERE   Connect with NuWood Creations: - Follow NuWood on Facebook and Instagram - Visit NuWood Creations' website for more information HERE -- The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time. Follow us on your favorite podcasting platform so you never miss an episode!  

Thrivetime Show | Business School without the BS
Clay Clark Client Testimonials | "I'm a Custom Home Builder from Chicago. I've Been Learning alot of Stuff Search Engine Optimization Stuff Has Been Very Interesting! The Great Thing About This Conference, There Are No Upsells."

Thrivetime Show | Business School without the BS

Play Episode Listen Later Dec 31, 2024 20:00


Want to Start or Grow a Successful Business? Schedule a FREE 13-Point Assessment with Clay Clark Today At: www.ThrivetimeShow.com   Join Tim Tebow, LIVE and in-person at Clay Clark's December 5th & 6th 2024 Thrivetime Show  Business Workshop!!! Learn Branding, Marketing, SEO, Sales, Workflow Design, Accounting & More. **Request Tickets & See Testimonials At: www.ThrivetimeShow.com  **Request Tickets Via Text At (918) 851-0102   See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire   See Thousands of Case Studies Today HERE: www.thrivetimeshow.com/does-it-work/