The global pandemic seems to have given birth to a new era of entrepreneurship. Whether it’s due to people being forced to stay in their homes or people feeling unfulfilled in their nine-to-five jobs, or people just wanting to work for themselves, more and more people are deciding to hang out a shingle.
Maybe you’re one of the many people who are considering opening up a business, but you’re undecided about what that business should be. Here are some reasons why you might want to start a home renovation business.
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You’re Good with Your Hands
You’re not just good with your hands: you’re really good with your hands. You’re the kind of person who aced shop class in high school and who has a love of working with your hands. Building projects are your thing. You’ve constructed everything from pole barns to houses, and you have experience in the construction field.
In addition, you have a knack for being able to envision the potential of a structure. You’re able to look at a house that others would see as falling apart and see the beauty of what it is and what it could be. You also have a love for solving puzzles; you like figuring things out. And seeing a project through to completion is your greatest joy.
You’ve Got a Head for Business
Going into any kind of business requires that you be focused, organized, and financially responsible. Since home renovation is in many ways a collaborative effort, you’ll need to know the type of people you’ll need on your team. You’ll also need to be a people person on some level, someone who’s able to inspire and lead others.
Then there’s the mechanics of home renovation. You’ll need to have knowledge of how to acquire the necessary materials and the necessary equipment for jobs.
For example, will you purchase your own work truck, or will it be cheaper and more directly serve your needs to rent one? Having a head for business also involves obtaining the required licensing and permits for business and being able to control costs.
It’s Hard to Go Wrong with Real Estate
Real estate is one of the most sound investments a person can make because it’s something that everyone needs. This is one of the reasons why the housing market is so strong. And although the market goes up and down, like any other market, a house is at least a physical asset with intrinsic value.
That’s why people buy homes and will keep buying homes. It’s also why they choose to have them remodeled. Going into business for yourself as a home renovator gives you a certain amount of security, knowing that your services will be in demand. This is especially true since increasing numbers of people are choosing to renovate their homes.
You’ve Got Training Under Your Belt
As a home renovation expert, you’re confident, and you know what you’re doing. You’ve taken classes in architecture and interior design, and you may even have a degree. At the least, you’ve worked as an apprentice or have allowed someone to mentor you in the field. Formal education isn’t everything if you’ve got the relevant experience.
You’ll also want to be clear on the type of renovation you’ll specialize in. Will your focus be on space planning or major structural alterations in consultation with an engineer? What about master planning and project management? Or maybe you’ll have enough people under your helm to do it all.
The main thing is that you’re well aware of what you’re getting yourself into as a home renovation professional.
There are many reasons why you might want to go into the home renovation business. And things like being good with your hands, having a love for completing projects, and having a good business head on your shoulders are definitely benefits.
But you also want to make sure that you have the necessary training and know-how to take on the challenges of such a business. The business of home renovation can be rewarding for those with the right abilities.
