What You Need to Know About Starting a Remodeling Business

Home remodeling is an excellent industry for a new business. One person can easily manage it, and the start-up costs can be low, depending on the extent of services you decide to offer. For tips on running a small remodeling business, keep reading. You’ll learn essential information that you need to know before starting a home remodeling business.

Are You Really Ready To Set Up A Construction Company?

Types of Services

One of the first steps in planning your new business is deciding what services to offer. Sit down and honestly evaluate your skills. Is flooring your specialty or do you prefer plumbing? Pick your top areas of expertise and focus on marketing those services in the beginning.

By zeroing in on your strengths, most projects will give you that feeling of excitement about your day, and it shows in your work. Being the best at what you do makes a difference in your bottom line. You can always learn new trades and develop your skills as your business grows.

Permits and Licenses

Most trades require a license or some type of building permit, and are regulated by a local contractor’s board. Your area may offer an exemption for some handyman services so that you can work without a full-fledged general contractor’s license.
Requirements vary by state, so make sure to do your research before you start working. You may not need a license for small repairs, but there are sure to be limits on what you can do without one. To avoid ticketing — or worse, a shut-down — ensure your business is operating legally, and you’re interests are protected with the proper permits.

Tools and Equipment

Once you’ve decided on your services and you’ve obtained all the necessary licenses, it’s time to invest in the right tools. Depending on your list of services, your equipment could be as simple as a hammer, nails, and some good, leather work boots.

If your start-up budget is tight, look for clearance sales at your local home improvement shops and check thrift stores for small items like screwdrivers, pipe wrenches, and even power tools like drills and scroll saws.

Join an Association

Joining an organization like the National Association of the Remodeling Industry (NARI) is a sound investment in the future of your company. It adds a level of professionalism to your business, and gives you the opportunity to learn from your peers.

Marketing

A solid marketing plan gives your business an edge over the competition. Plan to promote your remodeling company throughout your community with advertisements in every media, including the newspaper, online, and on the radio. Offer specials that correspond with sales at your supplier’s shop, and promotional projects, such as low, flat-fee ceiling fan install.

Since many remodelers get plenty of jobs through word-of-mouth, consider setting up a referral program. Happy customers are always willing to spread the word about excellent service, especially if there’s something in it for them.

Starting your own business is both rewarding and potentially lucrative. If you enjoy fixing things, use these handy tips to help start your remodeling business today.

FG Editorial Team
The Founder's Guide Team - Asian Associates with dynamic elements out to make a change.Thank you for visiting our site! If you do have any questions or inquiry, feel free to contact us through our links and please don't forget to follow our social media accounts. It would be our pleasure to help you in any way we can. Always Remember: "Proceed to Succeed". Hoping to hear from you soon!

Leave a Reply

Your email address will not be published. Required fields are marked *