Home Improvement Business Ideas That Can Build a Better Financial Future
The home improvement industry is doing well. According to Statista, its value in the U.S. is projected to surpass $600 billion by 2025, more than doubling since 2008. This surge presents a wealth of home improvement business opportunities for entrepreneurs seeking to capitalize on this thriving market. So how do you choose?
This guide explores several promising home improvement business ideas, delving into their advantages and potential downsides. By the end, you'll have a clearer picture of which path might be the best fit for your skills, interests, and financial goals.
Diversifying Your Portfolio: A Look at Different Home Improvement Business Ideas
- Renovation and Remodeling: This encompasses everything from kitchen and bathroom remodels to basement finishing and outdoor upgrades. While the profit potential can be high, you may need to invest a lot of capital upfront to cover things like skilled labor workers, materials, permits, etc.
- Handyman Services: If you're a jack-of-all-trades, offering handyman services can be a low-cost entry point into the home improvement market. You'll handle smaller tasks like fixing leaks, installing fixtures, and painting. These services are usually in high demand. But since the jobs are smaller, you will likely have a lower profit margin.
- Landscape Design: This industry caters to homeowners who value attractive and well-maintained outdoor spaces. Services range from landscaping design and installation to patio construction and water feature creation. It offers recurring revenue streams, but work can fluctuate depending on the season and the weather.
- Interior Decorating and Design: From space planning and furniture selection to color palettes and window treatments, this sector caters to a growing desire for personalized and beautified living spaces. While this industry allows for creativity and may be very profitable, it is highly competitive and can involve long hours and unpredictable schedules.
- Decorative Concrete: This niche within the home improvement landscape transforms ordinary concrete into stunning patios, walkways, countertops, and more. Clients are home and business owners who want to save money by using concrete instead of more expensive materials. While it allows you to be artistic, it also requires a high level of skill to do the work.
Why Franchising with Concrete Craft is a Great Home Improvement Business Idea
According to Virtue Market Research, the North American decorative concrete market is growing at a CAGR of 5.9% and is forecast to be worth $6.83 billion by 2030, making it a great investment opportunity. Unlike saturated sectors including painting or landscaping, decorative concrete offers a unique niche with less competition. Since decorative concrete is highly skilled work, it’s not an easy business to start, unless you know what you are doing. That’s why it may be best to buy a franchise instead of starting a business from scratch.
Concrete Craft is the largest decorative concrete franchise in the nation. We understand that almost all of our franchisees come to us with no experience in the industry. That’s why we provide all our franchisees with comprehensive training in both the artistry of decorative concrete and the essential skills of running a successful business. From mastering various application methods to crafting winning marketing strategies, our support system equips you with the knowledge and tools to thrive.
Concrete Craft boasts a proven track record with a thriving network of franchises across the country. Each success story serves as a testament to the effectiveness of our model and provides you with a community of peers for ongoing support and collaboration.
Get Started with Concrete Craft Today
If you're a creative individual with a knack for detail and a passion for transforming spaces, decorative concrete may be the perfect home improvement business opportunity for you. Inquire now to find out more about not only the decorative concrete industry, but also how franchising with Concrete Craft can be the start of a very successful home improvement career.