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Want to open a home improvement franchise? Learn which home remodeling industry trends are gaining momentum (and which are on the way out) to find the best opportunity. Trends to Watch Many people are calling it the “renovation renaissance.” People who want to revamp their homes have several factors to weigh. Here’s a look at trends from experts that home improvement franchises are watching: Remodeling vs. Buying Inflation, interest rates, rising construction costs, and increased [...]

Wondering about the best ways to get home improvement leads? Here are seven marketing ideas for home improvement companies to find new customers. 1. Use Social Media Innovatively Meet your customers where they’re spending their time -- social media. Angi finds that 51% of customers use social media for buying decisions, with Facebook being the best platform for home remodelers. On top of that, Sprout Social says 80% of all internet users who earn $100,000 or more use Facebook. [...]

You’re thinking about opening a restoration franchise, but now as you begin to research, you’re noticing lots of dollar signs. It can be challenging to decipher the true costs. Plus, everything’s adding up quickly. Curious about what your restoration franchise costs will be? Here are five expenses you can expect. 1. Initial Franchise Fee A franchise fee is your cost of entry into the brand. The payment unlocks the door to the franchisor’s proprietary business systems [...]

If you’re considering woodworking as a business, learn all the different types to choose from and which one would provide the best path to financial success. Here’s what it takes. Types of Woodworking Businesses According to Profitable Venture, woodworking accounts for 4% of the total U.S. manufacturing GDP. If you’re looking to work with your hands and provide a service, there are many options for woodworking businesses. Here’s a look at some that Builderology lists: Custom Furniture Business: Requires [...]

By the start of 2023, the Joint Center for Housing Studies expects home improvements and repairs to expand to a nearly $450 billion industry. The home improvement industry has been growing at unprecedented rates since the pandemic. Here’s what’s driving sales today and where the market’s headed. Growth of the Home Improvement Industry The industry saw a spike in improvement projects around the house in 2020. Whether it’s a do-it-yourself project or a do-it-for-me one, researchers don’t [...]