Home Improvement Startup BidaFi Seeks Investors Through Equity Crowdfunding
Planned upgrades and expansions are already underway to meet growing consumer demand.
, /PRNewswire/ — As Hurricane Ian roared through Florida, shares of home improvement stocks such as Beacon Roofing, Owens Corning and Home Depot rose 5%. Growing trends in the home improvement sector are nothing new as homeowners continue to invest in their homes. First, home sellers were spending money to get higher listing prices. Now that the housing market is cooling, largely due to rising mortgage rates, homeowners are spending their money on upgrades, expansions, and repairs to homes they plan to live in for a while.
Where is the advantage of material and labor suppliers? Everywhere. No other company embodies this better than BidaFi, thanks to the founders’ astute position at the epicenter of building materials and the skilled workforce needed to install them, regardless of the dominant forces in the housing market at any given moment.
BidaFi plans to overhaul the home improvement market with automation, transparency and confidentiality. Their proprietary platform starts upstream with manufacturers and/or trade suppliers joining BidaFi and paying a monthly fee to be on their platform. The supplier combines the materials specified by the manufacturer to properly complete the installation. Contractors, who can also pay a monthly fee to use the BidaFi platform, pre-select the packages they prefer to offer in their geographic areas and add their labor and profit to the package to arrive at their installation price.
When a homeowner confidentially enters their zip code and answers a few basic questions about their project, the BidaFi platform calculates the contractor’s price with a multiplier and a quote is automatically generated. Homeowners will then be able to review a number of contractor quotes and determine the financing available for their project.
Once the homeowner selects their preferred bid, a preliminary contract is created between the homeowner and the contractor, incorporating the manufacturer’s specifications to ensure the correct materials are supplied and installed to ensure compliance with the manufacturer’s warranty. This then leads to a completed transaction with the desired outcome.
BidaFi plans to reduce a process that currently takes days or even weeks to mere minutes by providing consumers with actual offers in real time that will generate sales on the fly.
To invest or read the offer circular, visit https://bit.ly/3RpQVOV
BidaFi website – https://www.bidafi.com/
Media Contact: Howard Sherman[email protected]833-CROWDPR