As well-established real estate professionals, we are in this business for the long haul. We place high priority on developing long-term relationships with our clients and our contractors so that we all achieve our goals.
Our short-term goal is to aggressively expand the presence of our business in surrounding markets. Each year for the past 6 years we have surpassed our residential redevelopment goals. Our current annual projection is to build 5+ homes, renovate 25+ homes a month and acquire new rental properties. Rehab budgets on our projects range anywhere from $5,000 on a rental property to $250,000 on a full rehab and $175,000 to $2M on a new build. Typical project timeframes generally run from 1-6 months. Our goal is to turn around our projects at a rapid pace so we can get paid as quickly as possible and use those profits to immediately start on the next rehab. This ensures that we and our contractor teams have a steady supply of work.
INVESTMENT & REDEVELOPMENT STRATEGY
Our business strategy-which has proven to be very successful-is to purchase undervalued 1-8 unit residential properties, renovate them to a highly desirable condition, and sell these properties retail as quickly as possible.
To generate value, we focus on aggressive project management coupled with the use of highly skilled and professional independent contractors to complete our renovations and new builds. In addition, we employ proactive marketing tactics to pre-sell our properties during the rehab state instead of waiting until the project is complete. This gives us a head start that often enables us to sell our properties before the paint has even dried. Successful execution of these strategies rely on the high quality of work performed by our contractors, which is why we put such a high premium on finding the best contractors in the area and then developing long-term, mutually beneficial win-win relationships.
We actively strive to increase homeownership opportunities within the communities we redevelop, and improve the quality of life for the people who live in them by providing homes for a reasonable price.
We work hard to create positive and productive mutually beneficial relationships with our affiliated businesses and contracting teams. We strive to assist in the business development of our contracting teams with a goal of mutual growth and continued, long-term success. The use of our proven construction rehab system results in a more predictable and efficient process which consistently creates a superior product and increased profit for our contractors.
BENEFITS OF WORKING WITH STURDY FOUNDATIONS
We select all the materials that will go into our homes, and we clearly lay out everything that we want done by our contractors, so that they can focus on doing the work they do best - contracting.
Working within our system will allow you to move from job to job, and not have to worry about where your next job is coming from. We always hear from our contractors that one of the best things about working with Sturdy Foundations, is how every component in the SOW is line-itemed, and materials often even have the associated SKU # and where to purchase it all included. Who know time is money for both of us, so we do the extra work on the front end to make sure our budgets and timeframes are very accurate.
We're looking for professional aspiring &/or experienced contractors & subcontractors who have high standards, reliable & produce quality work.
Our strong financial backing allows us to aggressively pursue multiple homes every month through our acquisitions department. The fact that we work on this volume will keep you busy throughout the year and ensure that you get paid quickly and consistently.
We want contractors who have a positive can-do attitude - sour grapes need not apply! We expect our contractors to be looking at the big picture and to understand the value of long-term relationships & stability.
Are you the ideal fit but lack experience? We still want you on our team. Our general contractors and subcontractors will work with you to perfect your trade.
Wether you have your own company & team or desire to fill a project manager/lead position on our team - We want to work with you.
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