Remodeling Business: Is It a Good Investment?
With millennials and Generation Z becoming homeowners, the remodeling industry is witnessing a surge in demand, and the remodeling business can be highly profitable. Learn more about this type of opportunity and the advantages of joining a franchise.
A New Generation of Homeowners
Millennials and Gen Z make up nearly half of the U.S. population. They’re increasingly entering the housing market, and the sheer size of this younger demographic ensures a steady stream of potential customers. Although 17.2 million millennials are still renters, at least 52%, or 18.2 million, own a home. For many years, lack of affordability and delaying marriages prompted millennials to put off home ownership. But, the ability to plump up their savings accounts during the pandemic is helping millennials achieve their dream of home ownership, according to the National Association of Realtors.
The older members of Generation Z are also surging into the housing market. Unlike millennials, they are not letting high prices limit their ability to buy a home. Approximately 30% of 25-year-olds owned a home in 2022. They are taking advantage of hybrid schedules and remote work to move to places with lower home prices, making owning a home accessible, according to a study by Redfin. Many young homebuyers took advantage of low-interest rates and a strong job market during the pandemic, and they’re purchasing smaller homes to keep costs down.
These generations seek to personalize their homes to align with their unique tastes and lifestyles. They value modern aesthetics, sustainable solutions, and functional living spaces. As a remodeling business owner, catering to these preferences can lead to significant profits and long-term success.
Benefits of Joining a Proven Brand
Remodeling is a multi-billion-dollar industry that continues to experience steady growth due to homeowners' desires to enhance their living spaces. The home improvement market is forecast to reach $1 trillion by 2027. By delivering high-quality craftsmanship, building strong client relationships, and offering competitive pricing, remodelers can position themselves for financial success.
Owning a home is a big investment, and most homeowners want a name they can trust when it comes to remodeling. Building a reputation takes time and a large marketing budget. Partnering with a franchise in the home remodeling industry to start a business will help you build a loyal customer base and establish trust in your community. It also enables you to operate a turnkey business with training and ongoing guidance.
Kitchen Tune-Up Is Here to Help
We have 35 years of experience helping entrepreneurs build successful businesses by creating dream kitchens for our customers. We provide a hassle-free approach to kitchen remodeling by using curated designs. Our services can be as simple as giving a kitchen a refresh or creating a custom transformation.
As a Kitchen Tune-Up franchise owner, you’ll get the training and technology you need to build a lucrative business. For an initial investment of $129,930, you can join our family of nearly 258 locations and growing.
“Franchise ownership has many benefits over just starting a stand-alone business. The supplier relationships, the brand reputation, the operational know-how, and being able to leverage the collective experience of other owners really helped us get off the ground quickly,” said Jessica Winters, a Kitchen Tune-Up franchisee in Castle Rock, Colorado.
You’ll also have the support of our parent company, Home Franchise Concepts, a leader in the home services industry, which parents nine brands in 2,400 franchise territories. We focus on helping people invest in themselves to achieve their financial and lifestyle goals and diversify their portfolios for the future.
Get Started with Kitchen Tune-Up Today
We can help you decide if you’re ready to reboot your career as an entrepreneur in the high-demand remodeling industry. If you want to learn more about Kitchen Tune-Up, inquire now.