Mortgage rates have risen more than 4% since the start of last year, so it’s no surprise that home renovation projects are up — if you can’t afford a new home, you’re going to take better care of the one you have. According to Harvard University’s Joint Center for Housing Studies, spending on home renovation and maintenance grew 16.3% in 2022.
This demand is only one of the reasons home service franchises are some of the best to own.
What Types of Home Service Franchise Opportunities Are Available?
Home services is a big umbrella that covers a lot of different businesses, but they generally fall into three categories:
- Remodeling and decorating.
These include franchises that update kitchens and bathrooms, install new patios, build decks, or design custom blinds.
- Home Repair
Plumbers, electricians, roofers, and HVAC companies fall into this category.
- Home Maintenance
Any professionals that visit regularly to keep your house in good condition, including maid service, landscaping, and pest control are considered home maintenance.
A Cost-Effective Franchise to Own
As we’ve already established, the demand for home services remains high. There are plenty of people who don’t have the skills, or time, to do these projects and are willing to pay a professional to do them properly. And Home Service franchises are relatively inexpensive to start.
Since your work is done in your customers’ homes, you don’t need a retail location—saving you money on rent or mortgage payments, as well as heating, cooling, and upkeep of the facility. And since you a providing a service, not selling a product, you will not have to maintain much inventory.
Most home services franchises have simple business models, allowing you to get your doors open faster. And the sooner you start working, the sooner you can start making money.
The model allows you to start small, with a few employees, keeping your labor costs low, but is easily scalable, allowing you to grow your business at your own pace
The Chance to Be Your Own Boss
Working for someone else can mean spending 9:00 to 5:00, or maybe even 8:00 to 6:00, on the job. If you’re lucky, you’ll get an entire hour for lunch. Need to go to the doctor or attend a parent teacher conference? You’ll probably have to take a half day. Being your own boss doesn’t mean working less, in fact, you’ll probably be working harder. But you can decide when you want to work.
You can do paperwork when the kids are in bed. You can work four long days then take three off. The ability to schedule your work when you want to do it will allow you greater work/life balance.
The Community Connection
If you are a people person, home service franchise opportunities may be the best ones for you.
Because they’re service-based, franchisees in this industry tend to develop relationships with the customers they serve. While the brand is national, your franchise is local, and the best ones develop a reputation in the community.
The Benefit of Becoming Part of a Trusted Brand.
A home is the biggest investment most people will ever make. Smart homeowners won’t trust just anybody to work on it, and you never know with independent contractors. That small roofing company seems like a great value, until your roof starts leaking after the first heavy rain. Or until they take your money and don’t finish the work.
As part of a recognized, established brand, you’ve taken the first step to winning the trust of potential customers.
Home Franchise Concepts can help with that. We’ve been in the franchise business for more than 30 years, and now have nine distinct home service brands to our name: AdvantaClean, Two Maids, Budget Blinds, Kitchen Tune-up, Bath Tune-up, Concrete Craft, The Tailored Closet, Premier Garage, and Aussie Pet Mobile.
Franchising with any of our brands will give you peace of mind that you’re dealing with an experienced franchisor with a reputable business model.
Find Out More About Home Franchise Concepts
Buying one of the trusted Home Franchise Concepts brands is a great way to get started in the booming home services industry. Contact us today and one of our franchise advisors will be in touch to answer your questions, and help you determine which of our many home service franchise opportunities is right for you.