You Won’t Believe His Construction Business Profit Margins

How to DIY
Published on Feb 1, 2022
Building a house is one of the most expensive purchases most people will make in their lives. But how much of that money goes to the construction business—and how can you get started in the home building business? We’ll answer those questions in this video.

Vitali didn’t set out to start a house building business. When he was 18, he just needed a job, and started helping a friend with his construction projects to make ends meet. Once he realized he enjoyed the work (and there was good money to be made), he got licensed, took on new clients, and has been growing ever since. Today, his business, VP homes, designs and builds beautiful custom houses for customers across Northwest Indiana.

Today, we’ll hear how VP Homes has turned building houses into a thriving construction business. We’ll find out how much it costs to get started, and how someone with no experience can learn how to build a house. Vitali will also share how he finds and lands customers who are ready to build a new custom home, and what his planning process is like when he embarks on a new contract. You have to build a lot of customer trust when you’re creating something at the price point of a custom home. We’ll get Vitali’s insights on creating a delightful customer experience.

Want more advice on how to start your own business? Visit our blog: https://www.upflip.com/learn/how-to-start-a-business

Or check out our other interviews with business owners in the construction and home industry:

19-Year-Old Starts a $125K/Year Construction Business ►
https://www.youtube.com/watch?v=_PpDwut_2Lw

Handyman Makes $1,000 Per Day (See How He’s Grown His Business) ►
https://www.youtube.com/watch?v=leUta_q_MPQ

Timestamps:

0:00 Intro
0:22 Becoming a Home Builder
1:35 How To Build Your First Home
2:42 From $80 To $1.2 Million In Revenue
3:47 Creating a Unique Style
4:38 The Most Challenging Obstacle
5:52 How To Save on Aesthetic Costs
7:00 The Key To Maximizing Your Profits
8:37 Incentives To Give Employees
10:01 Showcasing VP’s Second Project
10:44 The Key To Making Millions
11:59 How To Finance Your Builds
13:40 Tricks To High-Profit Margins
15:06 Here’s The Thing About Presales…
16:19 Crucial Tools
17:03 This Skill Makes or Breaks Your Business
18:00 Relationships That Help You
19:13 Hiring Your First Employee
20:27 From 3,500sq To A 5,000sq Home
21:04 Unique Features To Offer
23:53 Tips for Managing Leads
25:29 Look Out for These Hidden Expenses
26:45 Giving Exceptional Customer Experience
27:56 The Best and Worst Part
29:13 Blitz Time with VP!
31:49 Adjusting To Code Changes
33:09 The Key To Building Relationships
34:31 A Unique Type of Advertising
35:46 Planning an Exit Strategy
37:00 How To Avoid Unhappy Customers
38:24 When It’s Time To Stop Accepting Jobs
39:09 Advice To Your Younger Self
40:19 Don’t Make This Same Mistake
41:38 A Unique Feature About This House
42:52 The Key To Finding More Value
44:16 Best Business Book VP’s Ever Read

#construction #constructionbusiness #buildingahouse