Homeownership costs are higher than ever. Anyone in the home building and home improvement industry might think of it as a bad time to invest, but that’s not the truth. If you look at what potential and current homeowners want to achieve in their home, you’ll be able to offer them value without compromising your profit. Here are four business ideas to consider in this current economy:
You might be coming into this industry as a self-taught painter, who managed to turn his own home into a sanctuary that looks like it’s been painted by a professional. Your knowledge will serve clients who are looking for ways to improve the value of their home, whether for their personal enjoyment or for selling on the competitive market. It’s even easier to set everything up for business operations if you consider home improvement franchises, so you will not be offering your services as an unknown handyman.
Anyone with a green thumb can grow a garden, but to tend to backyards and make sure they look their best no matter the season, a professional landscaper is the best bet. Your skill in this area will be greatly appreciated by those who are planning to renovate their home and want the improvements to reflect both indoors and outdoors. You may also go for an alternative business model that’s geared toward clients who want a low-maintenance lawn: an artificial turf. You only have to sell them on the idea of artificial turfs being low-cost and low-maintenance and show them how beautiful their yard can be without fail.
For a family who has just downsized, it’s a great challenge to make their belongings fit their smaller home. Here’s where you come in handy as you can turn each room into the best, most functional version that works for the family. And all that without the rooms looking drab. If a family wants multi-purpose spaces, your job is easier if you have connections with furniture suppliers offering versatile pieces. You can also work with contractors in related fields. Thus, you can provide your services at a competitive price.
What good is having a spacious home if you can’t keep up with maintenance fees? And what if you don’t have the skills needed to start a landscaping, interior designing, or home painting business? Even if all you have is your home, you can still earn a little extra on the side. A spare room can be turned into a place for lease, or if you have plans of moving to a smaller space, your house can be rented out to other families. You can enlist the help of a real estate agent, or you can do this privately. Whatever option you choose, show the property in the best light so that potential renters will grab the opportunity quickly.
It doesn’t take a business genius to get a profitable venture started in a difficult economy. Know what customers are looking for and offer your services.