This message was sent to ##Email##
|
|
|
|
|
National Association of the Remodeling Industry
 The 2018 NARI Achievement Awards recognize outstanding achievements by an individual, company, or NARI chapter that has worked to promote or enhance professional remodeling. These honors are bestowed annually across 11 categories celebrating leadership, professionalism, and dedication to the remodeling industry. The deadline to submit a nomination is December 18, 2017. Click here for all the details.
NARI
 NARI and the National Remodeling Foundation are working together to solicit donations to support Hurricane Harvey recovery efforts in the Texas Gulf Coast. All donations go to Rebuilding Together Houston, who has an extensive network to support those in need. Make a donation, learn more, and support recovery in the Texas Gulf Coast.
|
Promoted by
|
|
|
|
 |
| NARI Touchpoints: Loss of Deductibility for HELOCs - A Deterrent but Not a Disaster
|
    |
NARI
 Our Federal tax system is incredibly complex. For the first time in many decades, Congress is undertaking a major overhaul of our tax code and many of the provisions will impact both our business and our customers. One of the changes that is likely to occur is the ending of deductions for interest on home equity loans (often referred to as HELOC – home equity line of credit). Last week we reported on the results of a survey of members on various potential tax code changes and they indicated the strongest concern with elimination of deductions for interest on HELOC. This concern is understandable as these loans are a great way for our customers to tap into their home’s equity and make major improvements.
So our most recent survey, NARI Touchpoints 6, focused on what removing the deduction for home equity loan interest might mean to the remodeling industry. The results were quite interesting, particularly in their diversity.
The first question asked about the percentage of gross sales that are generated by HELOC. Our responses ranged from only 2% up to 70% with the median being 25%. No doubt some of the difference is due to the nature of each remodelers business and if they encourage their customers to use this form of financing.
When next asked for an estimate of jobs that would be lost due to the lack of this interest deduction, another large range was reported. The low end of the responses was 0% (no loss) up to a 50% loss in business. The median response here was lower than the prior question at 15%. The most common answers were in the 5% to 25% range.
Many of the comments that were submitted by respondents were interesting and echoed the diversity seen in the numerical data.
• I met with a customer last night and asked this question, they had been planning the project for several years and they are disappointed the deduction will disappear but will proceed with the project.
• This change will have a big impact on my business. A vast majority of the larger projects my company is contracted for are financed with HELOC so removing the tax credit has me very concerned with the future of my small business.
• Let it go. People that remodel for life improvement are not remodeling for a tax deduction. Move on.
• Home improvements are vital to our national economy. Many home improvements use HELOC and all of them take advantage of the tax deductions. The economy in general would suffer greatly without the ability to deduct real estate loan interest from taxes.
What does this mean for NARI remodelers? In some ways, your job just got a little tougher, but hardly impossible. Overall, the industry can expect a headwind of 15-20%. While the deduction of the interest on a HELOC has been the icing on the cake, remember that even without that, HELOCs tend to offer low interest rates and are a great way to tap into equity to make homes better. For those of us that had used the savings on interest deduction as a way to sweeten the financials of a project, you’ll need to switch to the many other benefits of your remodeling work. As the results of the survey suggest, this isn’t a positive change, but one that the industry can survive.
We will be switching to a new subject area for our NARI Touchpoints Surveys when we restart them after the first of the year!
 |
|
Even if you haven't made a mistake, defending a lawsuit can be costly for your business.
Our licensed insurance agents can help you choose the right coverage.
Buy online at hiscox.com/nariOr CALL TODAY: (888) 767-4075 Mon-Fri 8:00am - 10:00pm ET. #encouragecourage |
|
Kitchen & Bath Industry Show
The Kitchen & Bath Industry Show (KBIS) is North America’s premier annual event dedicated to the kitchen and bath industry, and NARI HQ will be exhibiting in Booth S5068. Register today with discount code ORLANDO to receive your FREE exhibit hall pass!
National Association of the Remodeling Industry
DCW features the co-location of the NKBA's Kitchen & Bath Industry Show ® (KBIS) and the NAHB International Builders' Show ® (IBS). In 2018, this synchronization of tradeshows and markets occurs in Orlando, Florida, again January 9-11. The fifth annual DCW will bring together 80,000+ design and construction professionals in the largest annual gathering of the residential design and construction industry. NARI members receive special discounts to explore the exhibit floors of both shows—a combined total of 2,100+ exhibits! Register for your DCW expo pass today.
|
|
Buildertrend is the most widely-used construction management system for home builders, remodelers, specialty contractors and general contractors. It combines project scheduling, project management, financial management, customer management and service management in a single suite. As a cloud-based platform, this system can be accessed online with a computer or mobile device. Check out their blog post on why your marketing isn’t getting you all the leads you thought it would! Read it here!
NARI
Long live diligence. It’s not found everywhere or in everyone, but in those who pay attention to detail and take pride in their finished work. And it’s found in Ram® trucks. Now during Ram® Fall Commercial Truck Season, NARI Members receive an extra cash allowance on top of most national and local incentives. Plus, we’re extending this offer to NARI Employees and same household Family Members. Diligence can be passed on, and now so can these savings. See your local dealer or WWW.NARI.org/FCA for more information.
Townsquare Interactive
You want to be at the top of the first page of Google, so why not give your remodeling business a better chance at securing one of those top spots by building two or more websites? The short answer: multiple websites will hurt your long-term SEO goals. The long answer is a little more involved:
• You won’t have time to keep all your websites updated
• You’ll confuse your customers
• You’ll be competing against yourself for business
• You’ll harm your SEO campaign with duplicate content
When it comes to building a website for your remodeling business, less is more. To learn more about why having multiple websites is hurting your business instead of helping.
READ MORE
 |
|
Contractor Connection is the nation’s largest managed repair and remodeling network, comprising 5,000 growth-minded contractors serving large membership associations who partner with us to provide their members access to our network. Our contractors are held accountable not only through our stringent credentialing process but also through ongoing performance management.
|
|
| Save up to 34% on UPS Shipping Services
|
|
NARI
 As a member of NARI, you receive special members-only pricing on UPS shipping services. UPS delivers overnight to more zip codes by 8am than FedEx and has dedicated account reps to help with all your shipping needs including routing, scheduling and more! CLICK HERE to learn more.
National Association of the Remodeling Industry
NARI’s partnership with The Home Depot can help your members reduce expenses, and keep job costs competitive. Your members can take advantage of the following benefits:
- Earn up to 2 percent cash back on every purchase semi-annually*
- Next-day delivery
- Procurement options with real-time pricing & availability
- Dedicated account support and concierge service
- Consolidated purchase tracking & reporting
This year, The Home Depot is helping NARI members earn even more. We’re serving your members at the local level by joining all NARI chapters. Learn more.
For assistance enrolling call 866-333-3551 or watch this short video.
*After meeting a $12,500 semi-annual purchase minimum, the rebate is paid from the first dollar.
National Association of the Remodeling Industry
Financing Options for Remodeling Projects
Dec. 19, 2017 Noon CT:
Presented by: The Living In Place Institute
“HELP US! We have an old and dated home that needs “sprucing up”. “My wife is having triplets –We need more space – NOW.” “Our parents have mobility and vision issues and are moving in with us. We want to get started soon, but do not know how to finance our project.”
These and many other similar scenarios are not uncommon. Most professional remodelers and designers do not know how to offer their clients a knowledgeable answer. But the smart and successful remodeler or designer always has an answer to their clients’ financing challenges. Those informed professionals will have on their teams the best financing experts ready to help finance almost any size project.
This webinar will give an overview of the pros and cons of various financing options, so you can help guide your clients towards getting their project underway.
Register Here
6 Smart Green Products That Also Improve Your Client’s Safety and Ease
Jan. 18, 2018 Noon CT:
Find out what six products can be included in homes that are both green and universal design. Remodelers will learn about the benefits of universal design and what products can be selected to make life easier and are energy and water efficient.
Our presenter, Rosemarie Rossetti, PhD. will share products used at the Universal Design Living Laboratory, www.udll.com the most ambitious national demonstration home and garden. This is the top rated universal design home in North America earning three national certifications. For the green features, the home received a Silver certification on the LEED for Homes program from the U. S. Green Building Council. The home earned a Gold rating from the Home Innovations Research Labs, subsidiary of the National Association of Home Builders on the ICC 700-2008 National Green Build Standard.
Register Here
*These webinars are free but require registration.
National Association of the Remodeling Industry
Starts: January 8, 2018
The Universal Design Certified Professional (UDCP) Program addresses the concepts of Universal Design: client’s needs assessment, design applications, construction techniques, electrical systems and plumbing systems.
The UDCP develops universal design and construction competencies in the professional conducting residential remodeling projects. The UDCP course serves as a prep course for UDCP Certification.
WHERE: Room S310C Orange County Convention Center
WHEN: Monday, January 8, 2018 from 8:00 AM to 5:00PM
LENGTH: This is an 8 Hour class.
The exam associated with this class will be held on January 9, 2018, 8:00 to 12:00, room S310C
The first 4 people to enroll and attend the class and certification exam will receive a FREE VTFI 3 day pass and only one remains!
Click here for more information and to enroll
|
|
Fast, flexible disaster response
With nearly two decades of experience and a huge national network, PODS® is the smart choice for fast, flexible, cost-effective disaster response solutions. CONTACT US TO LEARN MORE |
|
|
|
|
SILGRANIT® II Sink Collections
|
Inspired by artists, proven by scientists and fueled by decades of German engineering, SILGRANIT® II is in a class by itself. With eight universal colors, our durable stone innovation resists scratches, stains and fading... like no other. And being the standard in granite sinks, also sets the standard in confidence. Gain peace-of-mind and choose the brand that transcends hype.
Read more
|
|
|
|
|
Starts: January 22, 2018
Are you a full service remodeler?
Do you support the remodeling industry as a trade contractor or supplier?
Are you looking for a way to set yourself apart from the competition?
If so, then NARI’s CR, CRS, or CRA designation may be for you.
The CR Study Group will fine tune your competencies in all areas essential to success as residential remodeling professional. The CR Study Group is a facilitated program that will build your knowledge in all areas of residential remodeling and serves as preparation for the Certified Remodeler (CR) exam. It also supports the preparation for the Certified Remodeler Specialist (CRS) and Certified Remodeler Associate (CRA).
WHERE: Virtual, Teleconference
WHEN: Starts Monday, January 22, 5-7 pm Central
LENGTH: Twelve consecutive weeks every Monday for two hours
This Study Group will prepare you for the May 2018 CR, CRS, or CRA exam.
Click here for more information and to enroll
Starts: February 8, 2018
Are you a remodeler that specializes in kitchens and bathrooms?
Are you looking for a way to set yourself apart from the competition?
If so, then NARI’s CKBR designation may be for you.
The CKBR Study Group will fine tune your competencies in all areas essential to success as a residential remodeling professional that specializes in kitchen and bathroom remodeling. The CKBR Study Group is a facilitated program that will build your knowledge in the areas of residential remodeling specific to kitchen and bathrooms and serves as preparation for the Certified Kitchen and Bath Remodeler (CKBR) exam.
NARI Certified Kitchen and Bath Remodelers (CKBRs) provide remodeling services specific to kitchens and bathrooms. To become a CKBR, candidates must possess skills and knowledge focused on the requirements of materials, layout, and installation of kitchens and bathrooms.
WHERE: Virtual, teleconference
WHEN: Starts Thursday, February 8, 5-7 pm Central
LENGTH: Twelve consecutive weeks, every Thursday for two hours
Click here for more information and to enroll
Pro Remodeler
Social media, a tight job market, and advancing technology give remodelers cause to rethink their companies’ adaptability
The Bible tells us there is no new thing under the sun. Remodelers know better. They regularly confront unexpected and sometimes unpredictable challenges. And they measure success based on how well their companies cope with what tests their processes, people, and profitability. “You’re learning about and adjusting to your clients and your team all of the time,” says Gary Marrokal, CEO of Marrokal Design & Remodeling, in San Diego, a $17 million design/build firm that’s been in business for 37 years.
Marrokal Design & Remodeling is one of 15 design/build companies with annual sales ranging from $5 million to $25 million that Professional Remodeler contacted in October. We asked the leaders what lessons they’ve learned over the past year — about their companies, customers, employees and even themselves — and whether those revelations sparked changes. Five lessons emerged, each reflecting the complexities of growing a business when uncertainties abound.
Remodeling
Think of this acronym when you spot workers worth celebrating
Work is a roller-coaster ride. There are good days and bad days. If you are lucky, the good days outnumber the bad.
What made work great for me was working with capable people. In fact, there were times when I was moved to tears by how competent different people were.
How did that happen? What did these employees do that overwhelmed me? What did they demonstrate that was so unusual in positive ways? TEARS tell the story.
NREL
Demonstration device dynamically responds to sunlight by transforming from transparent to tinted while converting sunlight into electricity
Thermochromic windows capable of converting sunlight into electricity at a high efficiency have been developed by scientists at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).
Qualified Remodeler
Everywhere you turn today, you hear about the importance of customer satisfaction. From the bank to the phone company to a restaurant, every business proclaims: “The Customer Is King,” and “People Are Our Business,” and “Your Satisfaction Is Our No. 1 Goal.”
If you believe this, reflect on the following: Abundant research and surveys reveal that 1 in 4 customers is said to be thinking about leaving the average business at any given time because of dissatisfaction.
|
Missed last week's issue? See which articles your colleagues read most.
|
|
Don't be left behind. Click here to see what else you missed.
|
|
|
|
|
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
|
