Creating Budget Clarity During the Design Process

<p>Budgets can move fast during design, especially once clients start making selections.</p><p></p><p>This week, Kyle sits down with Audra Von Minden Gossage of LTD Builders to talk about the Budget Roadmap, the tool her team uses to keep clients clear on where their budget stands as design moves along. Audra shares how they account for changing selections and costs without redoing a full estimate each time, and how more planning up front has cut down change orders.</p><p></p><p>If clarity in the project budget during design is a struggle for your clients, this episode has some great ideas for your team.</p><hr /><p>Today's episode is sponsored by Builder Funnel! <a rel="noopener noreferrer nofollow" href="https://www.builderfunnel.com/rotr" target="_blank">Click here</a> to learn more about how Builder Funnel helps remodelers and home builders grow through strategic digital marketing.</p><hr /><p>Explore the vast array of tools, training courses, a podcast, and a supportive community of over 2,000 remodelers. Visit <a rel="noopener noreferrer nofollow" href="http://Remodelersontherise.com" target="_blank">Remodelersontherise.com</a> today and take your remodeling business to new heights!</p><hr /><p>Key Takeaways </p><p></p><ul><li>Introduction to the budget roadmap concept</li><li>The importance of cycle time measurement</li><li>Managing scope changes and scope differences</li><li>Presenting material selections without markup</li><li>Using the budget roadmap to keep clients informed</li><li>Reducing change order rates to below 2%</li><li>Building trust through transparency and micro commitments</li><li>The role of client control and decision-making</li></ul><hr /><p>Chapters</p><p></p><p>00:00 Introduction and overview of the episode</p><p>03:50 Introduction to Audra and her business background</p><p>06:22 Challenges with scope and budget expectations</p><p>12:05 The origin of the budget roadmap concept</p><p>13:51 Explaining the budget roadmap to clients</p><p>17:44 Presenting material selections without markup</p><p>19:49 Tracking budget changes through revisions</p><p>27:36 Finalizing the project budget and client approval</p><p>30:47 Reducing change orders and maintaining profitability</p><p>33:41 Handling scope changes and client control</p><p>37:16 Wrapping up and key takeaways from the episode</p>