Real Estate Development Software

Compare All Real Estate Development Software

Filters

Apply Filters:

X

Your Industry

Your Company Size

Price

Sort by

Recommendations: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals.
Reviews: Sorts listings by the number of user reviews we have published, greatest to least.
Sponsored: Sorts listings by software vendors running active bidding campaigns, from the highest to lowest bid. Vendors who have paid for placement have a ‘Visit Website’ button, whereas unpaid vendors have a ‘Learn More’ button.
Avg Rating: Sorts listings by overall star rating based on user reviews, highest to lowest.
A to Z: Sorts listings by product name from A to Z.
Showing 1 - 20 of 148 products
Filters
Showing 1 - 20 of 148 products

Procore

Procore manages your projects, resources, and financials from project planning to closeout. The platform connects every project contributor with the owner and general or specialty contractor. The centralized dashboard allows manag...Read more

4.48 (2485 reviews)

112 recommendations

PlanSwift

PlanSwift is the #1 Takeoff & Estimating software in the world! PlanSwift software is designed for Commercial, Industrial, Institutional and Residential GCs and Subcontractors in almost every construction trade. With PlanSwifts...Read more

4.33 (386 reviews)

57 recommendations

ConstructionOnline

UDA Technologies’ ConstructionOnline offers a web-based, integrated approach to project management, project scheduling, and customer management. Designed for emerging construction businesses in the homebuilding and remodeling indu...Read more

4.42 (385 reviews)

52 recommendations

WinEst Essentials

Wherever you are in the estimating process – from initial conceptual budgeting to specialty execution – WinEst Essentials provides the tools you need to confidently make profitable decisions based on real-world data, all in one va...Read more

4.31 (13 reviews)

40 recommendations

PriceDemo

Acumatica Cloud ERP

Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Through leading-edge technology, best-in-class business functionality, and customer-friendly ...Read more

4.44 (55 reviews)

26 recommendations

Premier

Premier Construction Software is a true cloud, all in one accounting, job cost, project, document and drawing management solution, specifically designed to meet the needs of General Contractors, Land Developers, and Homebuilders. ...Read more

4.62 (230 reviews)

15 recommendations

JOBPROGRESS

JOBPROGRESS is a cloud-based construction management solution for residential remodeling contractors. The solution works with small businesses and can be customized as per the needs of an organization. It offers estimating, projec...Read more

4.38 (351 reviews)

10 recommendations

e-Builder Enterprise

e-Builder is a cloud-based construction program management solution for capital projects that provides performance data across the project lifecycle. Facility owners can track business processes with centralized project informatio...Read more

4.35 (340 reviews)

5 recommendations

VPO

In Microsoft 365, VPO offers construction managers and owners a single, secure, customizable collaboration platform for the whole project team. All internal and external participants can work "at" the same cloud-based project offi...Read more

4.21 (53 reviews)

4 recommendations

Oracle Primavera Cloud

For more than 30 years, successful projects around the world have relied on Oracle’s Primavera solutions to plan, build, and operate critical assets. It is the only solution that integrates project and portfolio planning and deliv...Read more

4.37 (153 reviews)

3 recommendations

Software pricing tips

Read our Real Estate Development Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

Job Accounting Plus

Job Accounting Plus is a single-entry construction job cost software and accounting solution which helps in job costing, billing, bookkeeping and financial reporting for home builders and contractors. It can be purchased as a stan...Read more

No reviews yet

3 recommendations

PriceDemo

ProjectTeam.com

ProjectTeam is a cloud-based construction project management solution that caters to businesses in the construction industry. Key features include requests for information (RFIs), drawing management, action forms, file management ...Read more

4.69 (49 reviews)

2 recommendations

Owner Insite

Owner Insite is a nationally recognized construction project & facility management software company. The company was founded in 2009 in Austin, Texas. Owner Insite’s software-as-a-service (SaaS) empowers key personnel and leaders...Read more

4.77 (26 reviews)

2 recommendations

PMWeb

PMWeb is an all-in-one portfolio, program and project management construction software solution geared toward enterprise-level owner organizations. PMWeb serves organizations worldwide across a broad spectrum of industries includi...Read more

4.14 (7 reviews)

2 recommendations

PriceDemo

monday.com

monday.com, an award-winning collaboration and project management platform, helps teams plan together efficiently and execute complex projects to deliver results on time. monday.com team management and task management tool allows ...Read more

4.59 (2418 reviews)

1 recommendations

PriceDemo

Smartsheet

Smartsheet is a work execution platform and collaboration tool with a familiar spreadsheet-like interface that helps teams plan, track, and manage projects in real-time. Smartsheet features include a range of project management to...Read more

4.48 (2303 reviews)

1 recommendations

Asite

Construction management software designed to provide project teams in construction and engineering with access to key information regardless of location or device. The Asite Platform increases efficiency by enabling collaboratio...Read more

3.58 (107 reviews)

1 recommendations

Kahua

Kahua helps you manage processes, documents and cost on your construction programs and projects from inception to closeout. Purpose-built solutions for owners, program managers, general contractors and subcontractors help you mini...Read more

4.64 (11 reviews)

1 recommendations

A-Systems JobView

JobView by A-Systems is a software solution for the construction industry, specializing in construction accounting. It is available for on-premise deployment. Key features of JobView include job costing, payroll, a general le...Read more

4.25 (4 reviews)

1 recommendations

QuickBooks Desktop Enterprise

QuickBooks Enterprise is an accounting solution designed for SMBs across different industry verticals such as construction, nonprofit distribution, manufacturing, and retail. With QB Enterprise solution, any business owner can exp...Read more

Buyers Guide

Last Updated: May 20, 2022

Small business real estate developers need to make many complicated decisions. Here's a look at just a few of their responsibilities:

  • Identifying property (land/buildings) for purchase
  • Creating project ideas (new construction/renovation)
  • Bringing together a team (architects/builders/engineers)
  • Procuring necessary finances (bank loans/investors/self-finance)
  • Managing compliance requirements (legal approvals/licenses)

To execute these responsibilities efficiently, real estate developers need to be able to record and analyze large sets of information, such as project cost estimations, profit and loss reports, invoices, subcontractors bids, change orders and a ton of legal documents.

What becomes an administrative nightmare is when SMBs manage these responsibilities using cumbersome manual methods, such as Excel sheets. Moreover, costly human errors creep in, which limit businesses from making timely and accurate decisions.

The way to tackle this is by using real estate development software that helps small developers manage their work more efficiently.

That said, the right real estate development software for your business depends on factors such as what type of features you need, whether you own a full construction company or are looking to subcontract most of the work, and, finally, your software budget.

In this Buyer's Guide, we will closely examine the key factors that businesses should keep in mind while evaluating real estate development software.

Here's what we'll cover:

What Is Real Estate Development Software?
Common Features of Real Estate Development Software
What Type of Buyer are You?
Key Considerations

What Is Real Estate Development Software?

Real estate development software helps businesses analyze and track development projects. The software comes with process automation functionalities that simplify financial analysis, subcontractor management and project management.

An example of automation is the automatic analysis of project feasibility involving calculations of property lot types, estimated expenses and loans, as well as the tracking of financial reports such as profit and loss statements, budget reports and cash flow.

Budgetrac project budget estimation interface

Construction project budget estimation in Budgetrac

Using the process automation features of these solutions, real estate developers can make better land purchase and construction decisions.

 

Common Features of Real Estate Development Software

Besides managing financial data to make faster and more accurate business decisions, real estate development solutions help developers manage different aspects of real estate construction, such as subcontractor compliance. The tool can be used to automatically identify and block subcontractors whose certifications have expired.

Likewise, these solutions offer many features that help developers manage various stages of the development process.

Here are some of the common features:

Finance management

Conduct automated profit and loss calculations, create project budget, monitor accounts payable/receivable and track invoices/billing.

Project management

Monitor each facet of the job to ensure all tasks are moving along in accordance with the schedule. Determine process efficiencies to shave off tasks/time.

Document management

Build a centralized file repository, that provides version control and allows teams to share and retrieve relevant project documentation such as change orders, contracts, RFIs etc.

Bid management

Receive job prospects, upload plans to an online plan room, solicit and procure bids from subcontractors and put the best bids together in a quote for the job.

Reporting

Understand financial status and project profitability with cost breakdown reports such as charts and graphs.

What Type of Buyer are You?

The right real estate development software depends on various factors, but most importantly on which industry you belong to and your business size.

Listed below are three buyer types of real estate development software and their typical concerns:

Small business buyers: By small business buyers, we mean those that are currently using manual methods to manage and track real estate development projects. At best, these buyers would be using Quickbooks or other basic accounting solutions to build project costs estimates, track payments and invoices.

These buyers are typically evaluating real estate development solutions for the first time. Hence, they would be primarily concerned with software costs, rather than checking out specific features.

Enterprises buyers: Theses buyers are large real estate construction companies that are looking to replace existing systems with solutions that can meet their needs for large scale project management and financial analysis.

These buyers typically work on multiple projects spread across different locations and time zones. As a result, they need a system than can consolidate different aspects of managing real estate development projects such as financial accounting, bid management, compliance management and even sales/marketing management.

Best-of-breed buyers: Owing to the variety of real estate development projects, there are specialized solutions catering to the needs of businesses working in a niche space. For instance, if you're a real estate builder specializing in home construction, then what you need is home builder construction software.

Likewise, if you're a developer who also needs to manage the property post-construction, then you need property software for maintenance management, tracking tenant details, lease dates and collecting rents.

Key Considerations

Businesses buying real estate development software need to understand more than just features to make the right choice.

For instance, small businesses typically do not have experienced technicians to manage bug fixes and install upgrades to the software. In such cases, a cloud-based tool where the vendor takes care of software maintenance is more preferable than an on-premise solution, in which the company has to manage data storage and software maintenance.

We have grouped the key considerations when buying real estate development software into two categories:

Software budget. The pricing of software is a primary concern for small business real estate developers. As a result, cloud-based tools with a subscription-based pricing is easier on the wallet than on-premise solutions, which come with an upfront license fee.

However, tracking just the license fee for using the software is not enough. Businesses should also account for additional software costs, which include fees for phone support and third-party software integration costs.

Size of projects. Businesses working on multiple and large scale projects need advanced functionalities, especially when it comes to project accounting. This makes integration with third party core accounting solutions a key requirement.

Likewise, large businesses also need to integrate with their existing enterprise solutions, which typically consist of CRM solutions and ERP software. Last but not the least, mobile access is also important to manage and track the work of field service agents.