Weekly Scrap Pile – How Remodeling Projects Influence Home Prices at ResaleJanuary 29th, 2015 by
Keeping a pulse on trends and market predictions in your industry is great for business, but it’s also beneficial to put time and effort into managing your reputation and how your customers view your company. The articles in this week’s scrap pile cover both topics; from how a home’s resale price can be influenced by remodeling projects to how to handle negative online reviews.
This article from Remodeling magazine author, Stacey Freed, collects insights and advice from realtors on when and if you should remodel your home and how the market will respond. Learn more about what’s important to homeowners and prospective buyers when it comes to remodeling projects.
Simply Measured, a social media analytics platform, recently published an article with advice on how small businesses can and should handle negative online reviews. From responding promptly and courteously, to doing whatever it takes to resolve the issue, every company, no matter your industry, should have a strategy in place to handle negative feedback from customers.
Things are beginning to look up in 2015. According to an article from MultiBriefs: Exclusive, “positive economic and employment news, along with declining gas prices, have boosted consumer confidence to its highest level in the past seven years.” With consumers who are less fearful and have a bit more money to spend, many are ready to complete those projects in their home that had previously been place on the back-burner.
NARI National News posted a list compiled by Remodel Your Marketing’s, Kyle Hunt, that includes 30 things your company can do to differentiate yourself from your competitors. We’re especially fond of tip #26 – “Ask them for their honest feedback during and after the job.“
Are your customers telling you the whole truth?