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How Big is the Demand for Wood Refinishing?

Home improvement spending is at an all-time high

Americans have never spent as much time at home as they are right now. It turns out time at home has created a home remodeling boom unlike anything we’ve ever seen. The refinishing industry is part of this remodeling boom.

Even before the pandemic, the home remodeling industry experienced 10 solid years of consecutive growth. During the pandemic, as the rest of the economy shut down, the home improvement industry continued to grow.

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

MarketWatch reports home remodeling is a $450 billion industry, and is expected to hit $500 billion by 2026.

“With a financial boost from recent federal stimulus payments and strong house price appreciation, homeowners are continuing to invest in the upkeep and improvement of their homes,” the research center reports. “This lift in incomes and ongoing strength of the housing market are providing homeowners incentives to make even greater investments in their homes this year.”

N-Hance makes dream kitchens a reality

Even as home remodeling spending surges, saving money never goes out of style. While kitchen remodels are the envy of most homeowners, the price of a kitchen remodel can make it unattainable.

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

N-Hance franchise infographic about kitchen remodels big returns on investment with 80.5% ROI

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. It’s also why many of our franchise owners are experiencing record-breaking 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 where previous customers are hiring me to work on their vacation properties, their rental properties, or simply come back and do more in their kitchens. There’s a lot of opportunity to keep expanding and there is far from a shortage of customers.”

Competition? What competition?

N-Hance is the No. 1 brand in the wood refinishing category for a reason. We have superior products, technology, and provide a level of customer service unheard of in an industry rife with independent contractors.

N-Hance refinishing industry employee removes kitchen cabinet door

N-Hance is a national brand with a glowing reputation. We are the go-to experts for wood refinishing in the communities we serve. Our competition is primarily small-time operators who lack the professionalism, expertise, and access to our proprietary products and services. This means our franchise owners always have the advantage.

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

Interested in bringing N-Hance to your community?

Fill out our form here to get more information. Interested in getting in on the ground floor of the refinishing industry with the N-Hance brand? We are looking forward to hearing from you!

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