Remodeling Market Demand

Home improvement franchises thrive as more people invest in their living spaces.

With more Americans embracing hybrid work setups, time spent at home has increased, driving a surge in the home improvement and home remodeling markets. Homeowners are now more focused on creating comfortable and functional spaces, leading to a significant opportunity for home improvement franchises.

N-Hance home makeover – Morgan & Keaton (Sponsored Video – Client Received Free Service)

The home remodeling industry has experienced 10 solid years of consecutive growth. – but during the pandemic as the rest of the economy shut down, the home improvement industry continued to grow.

This trend is expected to continue. JCHSHU reports that “the home remodeling upturn will continue into 2022,” as homeowners are hiring professionals to tackle large scale projects in growing numbers.

Global Market Insights Inc. reports that home remodeling is a $432B industry that is expected to grow at a compound annual growth rate (CAGR) of 4.8% between 2024 and 2032.

N-Hance makes dream kitchens a reality

Even with the surge in home remodeling spending due to more time spent at home with hybrid work setups, saving money never goes out of style. Kitchen remodels are one of the most frequent home improvement projects because replacement eventually becomes a necessity, but the price of a kitchen remodel can make it unattainable.

The average cost of a kitchen remodel is over $64,000, according to Forbes, and HomeAdvisor reports that costs are only expected to rise in the years to come.

This is why N-Hance is such a popular option with homeowners. Our ability to help homeowners save thousands of dollars on their kitchen remodel is why many of our franchise owners are booked out weeks in advance and it’s also why many of our franchise owners are experiencing strong sales.

“My territories serve about 650,000 people in Pinellas County, Florida,” says Daniel Geier, a multi-unit N-Hance owner in Pinellas County, Florida. “I can’t imagine ever running out of kitchens. I’m already at the point now where previous customers are hiring me to work on their vacation properties, their rental properties, or to simply come back and do more in their kitchens. There’s a lot of kitchen remodel franchise opportunity to keep expanding and there is far from a shortage of customers.”

Competition? What competition?

N-Hance is the leading brand in the wood refinishing category for a reason.

The fact that N-Hance is a national brand with a glowing reputation has allowed us to become the go-to experts for wood refinishing in the communities we serve. Our competition is primarily small-time operators who lack N-Hance’s commitment to professionalism and expertise. Further, they lack access to our proprietary products and services – which means our franchise owners always have the advantage.

“There isn’t a lot of competition for what we do simply because the competition can’t keep up,” says Bob DeGraff, President of N-Hance. “We’re always striving to improve, to add services that are relevant to the homeowner, and to help our franchise owners win. Our competition doesn’t have that level of commitment or support from a brand that knows exactly what it takes to succeed in this business.”