Homeownership is a dream come true for many people. Many Americans consider buying their own home as an indicator that they have achieved financial success. However, home ownership is not without cost. There is the wear and tear of the dwelling, requiring repairs and maintenance. There is also this innate desire to make the home their very own through improvements and remodeling to suit their lifestyle, tastes and preferences.
This demand for home ownership has fueled the rise of home improvement businesses. There are a number of services and products that home owners require to maintain, beautify and improve their homes to suit their lifestyles and preferences.
The home improvement business also benefits from the continued strong growth of the rental market. Given the recent financial crisis and the continuing challenges in the global economy, the rental market is growing at a faster pace than homeownership. A significant portion more people cannot afford to purchase their own homes, including those who suffered from foreclosure during the financial crash. Owners of rental properties need to maintain and improve the properties to maximize potential income and attract renters.
Even those who are renting also have a need to repair or spruce up the homes, townhouses and apartments. Many renters are allowed to play with color, painting walls or even floors to give their rental space the individual look that they need. They may also be allowed to create some built-ins such as bench seats; as well as change up some hardware such as cabinet handles.
There are a number of opportunities in the home improvement industry. Below are some business ideas that focus on home improvement that you can do from your own home:
1. Handyman business
If you have a special skills and talents in home improvement and handy with the tools of the trade, you can leverage that to start a handyman business. There is a huge demand for an all-purpose handyman to work on jobs that licensed contractors and tradesmen don’t want to do, including small jobs such as installing light switches, assembling furniture, repairing gutter covers, among others.
For more information on how to start a handyman business, read the following articles:
- How to Start a Handyman Business
- What You Need to Startup a Handyman Business
- Tips to Succeed in the Handyman Business
- Marketing a Handyman Business
- Challenges When Starting a Handyman Business
2. Lawncare and Landscaping Business
If you love taking care of plants and gardening, lawn care and landscaping services are perfect businesses for you.
There is a growing demand for lawn care and landscaping services. Homes, even businesses, have constant need for replanting, preparing and beautifying their lawns and grounds – and maintaining a perfect lawn is not an easy job. Many people simply do not have the time, the inclination or knowledge to take care of their lawns that they turn to professional lawn care specialists to help them. People who want a well-maintained lawn also seek out landscaping services in order to acquire a picture-perfect lawn.
For more information on how to start a lawncare and landscaping business, read the following articles:
- Starting a Lawn Care and Landscaping Business
- Lawn Care and Landscaping Services Industry
- How to Start a Lawn Service Business
- Tools and Equipment Used for a Lawn Care and Landscaping Business
- Pricing Your Lawn Care and Landscaping Services
- Marketing a Lawn Care and Landscaping Business
- Additional Services for a Landscaping or Lawn Care Business
- 10 Tips to Succeed in Lawn Care and Landscaping Business
3. Kitchen Remodeling Business
The kitchen is one of the most important rooms in the house. People want a kitchen that works for them, their families and their lifestyles, particularly if they are the type who loves to entertain. When buying a house, kitchens, along with baths, are the first two things that people look at and consider during the purchase.
Given the importance of kitchens, kitchen remodeling is one of the best niches in the home improvement industry. There is a constant demand for kitchen remodeling, particularly now that the economy is improving and home prices are increasing. They want to increase the size of their kitchens, improve its layout and work flow, add features such as a walk-in pantry or more storage solutions, or update the style.
For more information on how to start a kitchen remodeling business, read the following articles:
4. Interior Design Business
The interior design business enjoys strong demand as people continue to buy or move into new homes, and remodel old ones. According to Home magazine, 46 percent of Americans plan to redecorate or remodel in the next five years, compared with 35 percent in the previous five years. Interior designers can help transform and design a finished interior space based on the clients’ needs, lifestyles and budget.
For more information on how to start an interior design business, read the following articles:
5. Christmas lighting business
The Christmas lighting business is a natural extension for landscape and lawn care businesses. In fact, it has become one of the fastest growing segments of the landscape and lawn care businesses. This is especially true for landscape companies that already offer outdoor lighting services to showcase the landscape well after sunset.
Customers for residential Christmas lighting services include middle and upper income class neighborhoods, especially homeowners whose properties are visible in high traffic areas.
For more information on starting a Christmas lighting business, read the following articles:
- How to Start a Christmas Lighting Installation Business
- Christmas Lighting: A Growing Niche for the Landscape and Lawn Care Business