Why Should Home Builders Use a Builder Rebate Program?
June 16, 2020
It’s a question we get a lot at HomeSphere: What’s the benefit of signing up for a builder rebate program? So, let's get back to basics and talk about it.
Builder rebates are available to any home builder and are provided by building product manufacturers based on your brand usage. If you don’t work with a program like HomeSphere, it’s on your team to handle any rebates you might qualify for. And that can get messy, which is why builder rebate programs exist.
While programs differ in the services they offer, they help to facilitate the rebate process so you don’t have to worry about it.
So, what are the benefits?
Builder rebate programs are designed to save you time and hassle, so you can focus on building homes while still earning extra cash back. We’ve talked before about how our own partners use their rebate earnings, and their responses included putting the extra income back into the business and saving it for a rainy-day fund. The great part is it’s entirely up to you and your business needs.
At HomeSphere, we take care of the nitty gritty. We also negotiate with building product manufacturers on your behalf to determine the size of the rebate you earn, and which products are eligible for those rebates. We’re guessing you’re using products you don't even know are rebate-eligible, leaving all that money behind.
Importantly, it’s also our job to help home builders earn rebates, so it’s never a task that will get pushed off “until next month.”
Do you have to use specific brands?
Yes. Builder rebate programs partner with manufacturers to offer builders incentives for using their products. If they’re transparent, they’ll list their brand partners on their website so you can check to see if you have any brands in common. If you have several products in common, that’s a great jumping off point. If you don’t have any products in common, you have the opportunity to assess your current brand usage and determine whether switching to new brands could put more money in your pocket.
Not yet a HomeSphere partner?
HomeSphere manufacturer partners have access to the largest community of home builders in the United States.
Will it actually make me money?
While we can’t speak for everyone, we have builder partners who earn thousands back per year thanks to their brand usage and regular participation in our program. Check out our rebate estimator below to see what you could be earning.
Individually, you’ll earn more for bigger ticket items like HVACs, but when you combine products across brand partners (like doorknobs, plumbing, cabinets and appliances), you can create an impressive earnings bundle. And it’s all mailed to you in one check, either monthly or quarterly — it's up to you.
How much time does it take to participate?
For every program, there’s going to be an initial set-up where pertinent information is collected and some back and forth is required. From there, it becomes a simple routine with HomeSphere. All we need to know is when and where you used our brand partners’ products, and we’ll process the rest. We’ve even got a useful online platform for you to quickly and securely upload your claims.
What do building product manufacturers get out of it?
Ideally, your loyalty as a customer. Most manufacturers don’t have clear insight into their supply chains making it hard to know where their products end up. By offering incentives like rebates they’re able to identify who their customers are and then establish relationships with you that are mutually beneficial.
You’re not the only rebate program. What’s special about you?
HomeSphere isn’t the only rebate program available to home builders, but we are the only program that can boast a community of more than 2,600 home builders. Our builders earn millions in rebates collectively each year and that’s because they’ve got the purchasing power of the largest national builders.
In fact, our builders constructed 27 percent more homes in 2019 than the top 10 nationals combined. That makes them a highly sought-after group, which also allows us to boast more than 80 brand partners you already know, trust and spec.
But it goes beyond the rebate with HomeSphere. Our builder partners have access to our award-winning platform, My HomeSphere™, which provides at-a-glance data on the rebates they earn so they can take action to maximize earnings and forecast future earnings.