HOME IMPROVEMENT FINANCING
Look At You Grow: A Quick Guide to Increasing Average Project Size
Look At You Grow: A Quick Guide to Increasing Average Project Size
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Brian Santos, Fresch Coat Painters
[With Regions Home Improvement Financing ] our close rate goes up, our project size goes up, and our ability to service a client goes up. [...] Our average project size is about $3,500 and we've increased that to about $6,600.
Like many contractors and home improvement professionals out there, you may be asking yourself how you can expand current projects to create even bigger margins.
Spoiler: It’s easier than you may think! While you’ve been working hard on the job, we’ve been researching and figuring out how you can land bigger projects. Simply fill out the form to download our quick guide.
Offer an Easy and Fast Way to Finance
Over 55% of home improvement jobs are financed in some way,* which means your consumers are likely utilizing financing whether you provide it or not. Using Regions for a quick and easy financing application process makes it easier for them to work with you, reinforcing their perception that you’re their go-to problem solver.
Get More Homeowners to Choose You
Most consumers get bids from multiple contractors for their home improvement projects, with each competing bid decreasing the likelihood of you landing the job. The good news is that 94% of customers who are approved for financing with Regions complete the job with the contractor who offered our financing.†
Help Customers Get the Improvement They Really Want
Many homeowners underestimate the cost of their home improvement projects, with some contractors responding by providing discounts or substituting with lower-cost materials to bring down the price. Offering financing encourages homeowners to get the job they want without making painful compromises.
*HIRI TFG Monthly report, October 2023
†Based on internal data.
About Regions Home Improvement Financing
Regions Home Improvement Financing is a division of Regions Bank. We provide home improvement financing solutions and empower companies like yours with customized home improvement financing you can offer homeowners.
Regions Bank is one of the nation's largest full-service providers of consumer, commercial, mortgage and wealth management banking products and services. Regions’ mission is to achieve superior economic value for shareholders over time by making life better for customers, associates, and communities and creating shared value as we help them meet their financial goals and aspirations.