We’ve been recently witnessing a peculiar situation in real estate software development: many business owners have been facing challenges regarding cutting costs for full-time staffing and project budgeting.
When the project timeline doesn’t justify full-time employment, the potential costs that need to be covered can range from $80,000 to $200,000 annually for a single full-stack developer. And to get a project delivered, you need a team of specialists.
And here’s when fractional hiring comes into play as a game changer.
Thanks to the significant improvement of remote work and engagement models during the last decade, hiring a fractional software development team can be a perfect option that can save you and your company much money.
That’s why we decided to analyze the benefits of fractional hiring and present how it can reduce your costs for real estate software development.
Fractional hiring or resourcing is a working relationship where a business hires an individual for a specific portion of their time rather than engaging them on a full-time basis as it’s usually done in the dedicated engagement model.
The long-term nature of real estate software development makes it an ideal domain for the adoption of the fractional work model.
Growing Realtech and Proptech startups are increasingly embracing this innovative approach and actively seeking fractional developers to join their founding development teams.
The largest pool of top developers is often found among the already employed, and fractional work taps into their spare capacity to assist growing startups.
For businesses hoping to remain competitive in these turbulent times, adding a fractional team to your real estate software development process is a valuable option.
Fractional Hiring, Managed Delivery, and Dedicated Teams are distinct models for real estate software development. Selecting the most suitable model depends on project specifics, timeline, budget, and the level of control desired by the client.
Here’s a breakdown of the key differences:
Fractional Hiring vs Managed Delivery vs Dedicated Team | AscendixTech
The annual cost of a stack software developer in the United States is much higher than that of a fractional software developer from the US.
The costs tied to full-time employment include benefits, office space, equipment, training, software licenses, and more. On the contrary, fractional hiring evolves in that contractors utilize their tools and resources. Unlike full-time employees, fractional hires are billed only for the hours incurred.
The need for diverse expertise is undeniable when embarking on a custom development project to build an application.
You require a backend developer for server-side operations, a front-end developer for the user interface, quality assurance specialists to ensure bug-free releases, business analysts to align development with business needs, solution architects to design the system, DevOps engineers for deployment and operations, and project managers to keep everything on track.
On top of these, for a niche like Proptech, specialized knowledge becomes indispensable. In this case, fractional hiring provides access to a diverse professional expertise without the long-term obligations and expenses of full-time employees.
Recruiting a full-time team member is time-consuming process. Prudent consideration is essential, as wrong hiring may lead to project termination, substantial costs, and disruptions in a real estate software development process. For example, it’s irrational to believe that hiring a full-time junior resource will free up time, it’s often the opposite. These junior resources need training, direction and ongoing management.
Ascendix Agile fractional development team allows you to tap into a collective of top-tier and experienced tech talents to suit the changing needs of your project perfectly. This model offers the specialized expertise you require, on-demand, without needing long-term commitments. Also, fractional hiring allows you to adjust the team size and skill set as your project requirements evolve.
Engaging full-time employees implies long-term financial support that can be especially risky in economic uncertainty.
The approach of fractional hiring addresses this concern by allowing collaboration with professionals for distinct projects or defined durations. This approach grants more significant control over staffing decisions, potentially reducing the need for or impact of layoffs and contributing to sustaining business agility.
Hiring a fractional team with significant expertise in real estate software development means you can offload meaty initiatives to expert resources with minimal onboarding.
Delegating responsibility to a fractional real estate software development team enhances accountability and lets you dedicate time to overseeing the broader operations of your business.
Accelerate growth and strength of your real estate business with fractional software development team from Ascendix. Contact us to get started.
At Ascendix, we are passionate about supporting businesses every step of the way, offering flexible hiring models tailored to specific business needs.
Understanding our fractional team engagement: If recruiting, training, and maintaining a full-scale development team isn’t viable, our Fractional Development Team is your streamlined, scalable, and cost-effective alternative. This adaptable option enriches your projects with diverse specialized skills tailored to your requirements. By hiring a fractional development team from Ascendix, you’ll gain:
Our fractional engagement model combines the best of all engagement methods, offering a cost-efficient alternative to hiring in-house full-time staff with added expenses like payroll taxes and bonuses or separate full-time dedicated specialists.
Fractional Team Engagement Model for Real Estate Software Development | AscendixTech
Instead of hiring a full-time team of a SA, PM, BA, UI/UX Designer, Front-End developer, and Back-End Developer on the 100%-time basis, our client can assemble a fractional team comprising 20% of a SA time, 25% of BA time, 50% of a Back-End Developer, 20% of a project manager. Next month the allocation can be changed. Team Skillset we offer for fractional hiring:
Fractional Software Development Team Structure | AscendixTech
We are committed to understanding your challenges and offering hiring models that will reduce and optimize your software development costs.
Our partnership with clients goes beyond just solving real estate software development challenges. We strive to build long-term relationships based on trust, transparency, and shared success. Contact us.
Check out the overview of the proptech consulting and software development projects we delivered to our clients.
Kateryna specializes in creating engaging content about CRM software development for Legal Services and custom software development. In her articles, she provides relevant data, stats, business tricks and makes overviews and guides of new technology trends and CRM updates.
(28 votes, average: 4.90 out of 5)
Loading...