Did you know, roughly sixty-eight percent of the American population own a home? Therefore, most people will need some type of home repair at some point in their life. With this many potential customers, running a home improvement business can become very lucrative. While home improvement demand is high, it is important to assess your skills and niche down to more successfully market your business to grow a profit within this industry.
Here are four profitable home improvement business ideas to get started today:
HVAC Repair Services
Just over eighty percent of the United States population have some type of air conditioning system in their home. Especially homes located in warmer or humid climates. The hotter the location and the more a homeowner needs to use their HVAC system, the more often they’ll need your services — making your services highly useful.
Floor Installation Business
Every home requires flooring, from hardwood flooring to laminate, ceramic or carpet, and more. Each type of flooring offers different benefits to your clients that you can become an expert in to offer and suggest the best floor for your customers. However, installing floors and picking the right ones takes technical skills that the average homeowner often doesn’t have.
Kitchen Cabinet Making and Installment Business
These days about everyone wants an Instagram-ready kitchen. This means they will pay a pretty penny for you to make their kitchen look like a dream. This includes creating custom cabinets that not only look great but offer amazing functionality too. You can customize cabinets depending on your customers’ individual needs, like more space to prepare baked goods or an extra place to store all your coffee needs.
Appliance Repair Business
Beyond the house itself, it is full of appliances that will go out or need repairs to continue their duty and longevity. About every room in a home requires or uses some type of appliance—for example, ceiling fans, washing machines, or a fridge. Kitchens by far come with the most appliances like microwaves, stoves, and ovens that are used on a daily basis. With daily use means repairs will be needed eventually.
Overall, finding your niche is the key to generating high profits within the home improvement industry. Each of these home improvement business ideas centers around the areas of the home that are the most important. Making them highly profitable options if you want to own and run a home improvement business.