Home improvement projects are an important investment for every homeowner. The undertaken changes are caused by a variety of factors including a necessity to maintain or ensure home’s safety. Customers search for the right service and prices for their particular needs and regardless of your suitability as a contractor, lack of financing options may result in the loss of a client for your company. You should never assume customers have enough cash to cover the cost of the project and offering competitive and homeowner friendly financing can secure your job.
According to market data and input from home improvement contractors, 75% of home improvement projects over $2500 are financed in one way or the other including using personal credit cards, refinancing mortgage or taking a home equity loan.
Personal credit cards are preferred to be left in case of emergency and eligibility for home equity loans are dependent of a variety of factors and not always adequate, homeowners are forced to search for unsecured loans providers in order to fund necessary home repairs and many prefer to seek contractors who offers financing as a service to their customers.
Presenting customers with an opportunity for a loan that covers the full cost of the project with simple application process can help the selling process. Giving them the option of monthly installments as low as for instance $80 a month makes better impression on the client then surprising them with a high total of the necessary repairs they may be facing reluctantly enough as it is.
MyProjectLoan works with contractors providing a variety of financing options that best match customers’ needs. For more dealer information check our website http://www.myprojectloan.com/dealers.html
Your competitors are already in the financing game. Get armed and watch your sales increase.
