Business At A Glance
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No
Business Overview
Capitalize on your carpentry andconstruction skills and cash in on the ever growing multibillion-dollarhome improvement industry by starting your own renovation service.Small additions, basement remodels, carport conversions, painting anddrywall, fencing, siding, and general cosmetic changes all fall underthe umbrella of home renovations.
You can keep your start-up costs to aminimum by renting more expensive tools and equipment on an as-neededbasis, and buy these items from the profits you earn. You will need tobrush up on your estimating skills, so calling other renovationcontractors in you area and asking about costs for the variousimprovement service they offer is a good way to get handle on thecompetition’s pricing. Skills that you may lack can be contracted outto qualified tradespeople, especially the more specialized work liketile flooring, electrical and plumbing, and insulating. Qualityworkmanship and reliability are essential to prosper in this industry,as it is not uncommon for top renovation companies to do strictlyrepeat and referral business, without the aid of any advertising.