Construction projects are hard to manage. We’ll be straight with you — they will never be easy. Homeowners, design professionals, and contractors all have to communicate what they plan to do. Even though we are all working toward a common goal, it can be hard to get on the same page.
It’s really hard to communicate or make decisions when you’re not even sure what’s going on!
This quote from someone who completed a big remodel outside of New Avenue says it all:
“I am an accountant and I was a partner at KPMG, and even I couldn’t figure out what my contractor was charging me for. My wife spent her entire Friday trying to make sense of the invoices. We just gave up and paid the contractor whatever he asked for.”
New Avenue keeps the paperwork in check.
Without New Avenue, the paperwork alone is enough to make your head spin. Nearly every construction project uses at least seven documents that are hand-crafted by your designer or contractor and completely disconnected from each other:
- Design agreement
- Design add services
- Design invoices
- Construction bid
- Change orders
- Construction invoices
- The homeowner’s spreadsheet to track the total budget
Traditionally, it falls on the homeowner to try to make sense of all this. That’s nearly impossible.
New Avenue collapses this long list into one connected and shared page. It’s all online for everyone on the project to see, making it easier for homeowners, design professionals, and contractors to communicate what they are going to do. Everything’s in one place, and it’s all easy to understand.
Budgets and payments are simple to manage with the right system.
When everyone is informed and everything is organized, work gets done more efficiently. Efficiency means fewer mistakes, and that means your dollars go to quality work, not fixing mistakes.
When you work with New Avenue, approving invoices and making payments is simple.
And it’s low risk.
And the rewards are amazing!
(But it’s not easy — construction is never easy.)
Here’s how it works:
You can sign up for an initial design session and pay with a credit card. After that initial design session, your architect will send you a detailed 20–25 line proposal. This proposal lists each major task, the estimated hours of labor, and the total cost per step in the design process. After you accept the proposal, we’ll send you a form to set up direct transfer payments from your bank account.
Then, each month, we bill you for the hours worked and show you the proposal vs. actual so you immediately know what you’re getting and if you’re under, on, or over budget. Direct transfers only occur when you approve an invoice through our system.
This budget process is critical during construction. Our construction bids are usually 40–60 line items with each item priced so that you can choose the materials and products you want to put in your project with confidence. When we bill, we always bill percentage complete. If we say the foundation is $20,000 and send you a bill for 100% of the foundation, all you have to do is look to see if the concrete is there. If you’ve never remodeled or built a house before, you’d be amazed how rare this kind of transparency is. If you have remodeled or built a house before, then you already (and unfortunately) know that without a system like this in place, you’re just blindly trusting the team and hoping for the best. No one needs that stress.
With New Avenue, there are never any surprises. Everything is transparent and streamlined.
You’re protected with New Avenue.
We’ve spoken with many homeowners who managed their projects on their own. Sadly, around 10% of the time, the contractor ran off with the deposit without doing the work. In one case, the homeowner lost $40,000. In another, it was $100,000.
Ten percent is too often, in our opinion. But the fact is that contractors go out of business or simply vanish, and it happens a lot. With New Avenue, you don’t risk losing your deposit to no-shows.
Construction is never easy. New Avenue’s system is.
When you’re ready to make the most of your property, schedule a free call. Our project manager will help you discover how New Avenue can make every step of your project easier to manage.