5 Most Profitable Home Improvement Businesses

Home improvement is a broad term for different types of businesses. If you want to enter the industry, the first thing you’ll want to do is to choose what kind of business to run.

Home improvement - a profitable business
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However, with so many options, it can be hard to select one. Here are a few home improvement ideas that are both profitable and in-demand that you may want to consider.

Flooring Business

Flooring is one of the essential businesses in home improvement. In this industry, you can either supply materials, build them, or both. For installation services, you can choose whether to cater to new construction projects. You can also opt for repairs and reinstallations. There are also plenty of opportunities, as there are flooring projects for both inside and outside of the house. For instance, part of this industry is the composite decking installation business.

Since many people today want an outdoor living space, there’s a good demand for deck installers. There are many options for decking, but one of the most popular is composite. Because of this, starting a composite decking business can be an excellent and profitable idea. You can also choose to supply the composites that you’ll use to construct the decks.

General Repairs and Services

Everybody will have to do repairs and maintenance on their houses. Not everyone can be handy with tools or have the time or know-how for it, which makes general repair services an in-demand and profitable home improvement business.

Starting this business doesn’t require as much capital as other types, as all you often need are a few necessary tools and some experience in construction. And because you’ll be dealing with usual household issues, you won’t necessarily need a lot of technical knowledge.

You may opt to stick with simple services, such as caulking windows and doors, fixing leaks, or roof repair. If you have experience or license to work in some fields, it can let you expand your business, electrical services.

HVAC Services

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Another in-demand business which will never likely go out of business is Heating, Ventilation and Air-Conditioning (HVAC) services. People who own HVAC units will have to do regular inspections, maintenance, and repairs. For example, many recommend cleaning AC units twice a year, while most advise a thorough yearly inspection for damages. And not everyone has the knowledge and tools to do these. Because of this, there will always be homeowners seeking this type of service.

Some other related services that you can offer additionally are plumbing, insulation, repairing ducts, and HVAC performance reviews. You can also opt to sell cooling and heating units and provide installation services.

Furniture Making

Every house has furniture, and providing services related to it can be very profitable. Not to mention, there are new houses built, requiring new furniture. So there will always be a steady and strong demand for these services. If you are handy with tools and possess some craftsmanship, you can create a furniture making service, from tables, chairs, drawers, and bed frames.

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Cabinet making, especially for kitchens and bathrooms, are also excellent businesses. You can also open a furniture repair or customisation business. To start this type of company, you also don’t need a huge capital. A few tools and some experience will go a long way in making your business more successful and profitable.

Carpet & Upholstery

When it comes to carpet and upholstery, one of the simplest and most profitable is the cleaning business. Cleaning carpets and upholstery are not the easiest jobs, and most people don’t have the time and the tools to do it. Because of this, carpet and upholstery cleaning services will always have a steady demand. Another advantage of choosing this type of business is that it’s relatively simple as long as you have the cleaning supplies and tools for it.

You don’t need years of experience to master it. Aside from cleaning, you can also opt for other related businesses, such as selling carpets, installation, and re-upholstery.

Interesting related article: “Marketing strategies for an HVAC business.”