Real estate development often involves complex workflows, multiple teams and many moving parts. Project management software for real estate development is an invaluable resource that streamlines these processes to reduce costly mistakes while increasing efficiency. By choosing the appropriate real estate development software solution you can manage construction projects more effectively while keeping investors up-to-date with transparent cost data throughout its life cycle.
No matter your role as an independent real estate agent working alone or with a small team, or managing multiple projects at once with multiple employees working onsite and remote from different offices – project management tools for real estate developers are essential in keeping projects on time and on budget. Here are a few great options we’ve curated so that your projects run smoothly!
Real estate development project management solutions must include land acquisition software, pre-development project accounting and budgeting capabilities, financial reporting tools and reporting capabilities that integrate. These capabilities allow users to easily access past pre-development costs without costly data reconciliations and maintain consistent project cost tracking throughout the development process. This integration also saves you money by eliminating version control issues or formula error risks while giving peace of mind on cost-to-complete forecasts and investment accuracy.
Procore Construction Project Management Software for Real Estate Development offers features like markups and design reviews, project scheduling, cost management, estimating, change orders, document storage, quality and safety inspections, RFIs, submittals, reporting dashboards and commitment tracking. Procore also features collaboration tools like chat and video conferencing on its cloud-based platform that is accessible via desktops or mobile devices and features one of the easiest user experiences on the market – it boasts one of the cleanest user interfaces available!
Sage 300 Construction and Real Estate (formerly Timberline) provides a comprehensive construction project management solution with functionality for accounting, estimating, job costing, payroll processing and subcontractor management – among many others. Highly customizable modules enable users to select exactly the modules necessary for running their business successfully – Sage 300 CRE is ideal for larger organizations looking for ways to automate processes while producing more advanced reports.
Buildertrend is a construction project management software tailored to home building, remodeling and specialty contracting projects; however, commercial property developments may also use this solution. The software features a sales management module with lead tracking features; on-the-spot contract drafting with electronic signature capabilities; customer engagement tools to keep clients involved throughout project life cycles; as well as customer communication tools designed to keep clients engaged throughout. Buildertrend offers an affordable solution for smaller construction companies looking to enhance their project management practices.
CoConstruct is an affordable solution that combines construction project management with client relationship and communication tools, streamlining loan draw processes by tracking costs against your project budget, automatically generating draw requests with supporting documents, and giving clear visibility to capital partners. Customers can check on their project status at any time through its customer portal while its dedicated customer service team ensures client satisfaction long after construction phases have ended.