2022 was a bumpy year for people that work in the construction industry. There were a lot of things that that effected the way you ran your business. From labor shortages to high material costs, you prevailed. Are things going to get easier next year? How much are you going to have to change about the way your business is ran? How can you prepare for 2023?
We did some research and here’s a glance at what contractors have to look forward to in the new year. Plus, we tell you how Compass Auctions can help you have a profitable year.
What Does the Future of Construction Look Like?
More Green Building
Sustainability will be a major focus in 2023. Building companies who use locally sourced products and make less demolition waste will get more business.
Compass Auctions offers the equipment and materials you need to get hired for more jobs. Sign up for our email newsletter to get notified when we have new equipment and materials.
Higher Use of Rented Equipment
To stay competitive, more companies will choose to rent heavy equipment. They will be able to get recent model equipment at a fraction of the cost. This can put you at an advantage. You could add a new revenue stream to your business by renting equipment out to small businesses.
We auction heavy equipment every week. Our heavy equipment is well maintained and is sold in working condition* with low hours.
*Unless otherwise noted
Construction Costs Will Increase
Despite increasing construction revenues, building materials costs continue to cut into profits. By spending less on equipment, you’ll have more funds for essential building supplies.
Buying at auction can help you stay within your budget. You can bid as high as you want and then stop when you reach your spending limit. Make sure you check out the terms & conditions of each auction for our fee structure.
A Decrease In Commercial Construction
According to Construction Dive, non-residential construction starts will fall by 13% in 2023. This includes retail, office, warehouse, and hotel builds.
If business gets slow and you need some extra cash, let us help you sell your heavy equipment! Compass is always accepting new items for consignment.
Learn more about selling your heavy equipment with Compass Auctions here.
New Residential Construction Trends
Yahoo! reports the latest design and construction trends for residential builds. This includes stylish decor such as zoom-ready accent walls, herringbone patterns, natural wood, and nature-inspired color palettes. Homeowners also want prep pantries and friend’s entries to make their homes more spacious.
Every now and then we have specialized auctions featuring modern supplies to help you remodel your clients’ homes. Previously, we held tile auctions, furniture auctions, and HVAC equipment auctions. Visit the auction calendar to see our upcoming auctions.
Being prepared is the key to success next year. And that’s where Compass Auctions comes in. Whether you’re looking to buy or consign, we can help.
If you want it, we’ve got it. If you don’t want it, we’ll sell it.
Thank you for partnering with Compass Auctions! We wish you a happy and successful New Year!
About Compass Auctions
Compass Auctions and Real Estate hosts monthly auctions featuring heavy equipment, firearms and ammo, industrial equipment, vehicles, jewelry and collectibles, and restaurant equipment. Our team is here to help! If you have questions about any of the items for auction, call 800-729-6466 or send an email to firstname.lastname@example.org.
Follow us on social media to stay up to date with the latest news and new inventory.
Facebook: Compass Auctions and Real Estate