Follow These Tips to Successfully Starting Your Own Home Improvement Business

Home remodeling industry

As CNBC shows, home sales in the United States are on the rebound. In May 2014, the sale of new homes was up 18.6%. It’s not just the sale of homes that are up either. According to CNN News, Americans will spend more on implementing their home improvement ideas in 2014 than they have in many years.

For many young entrepreneurs, the recovered housing and home improvement market makes this the perfect time to get into the home remodeling industry. However, knowing how to start a home improvement business successfully can be a tall order, indeed. If you’ve been thinking you want to start working for yourself and start bringing homeowners joy through an improvement and remodeling business, these three tips on getting started are just for you.

How to Start a Home Improvement Business with Three Simple Tips

  1. Make Sure You Keep Yourself in Good Legal Standing
  2. As the U.S. Small Business Administration points out, one of the most important parts of starting any kind of business is making sure you put yourself in good legal standing. Depending on your state, there are specific licenses you’ll need to acquire to operate as a construction and home improvement contractor. Operating without these licenses can mean trouble with the law and hefty fines.

  3. Look to Established Businesses in Need of Subcontractors
  4. Oftentimes, the biggest obstacle to getting your footing as a home improvement business is actually getting business. People don’t like hiring businesses without experience or good word of mouth buzz. That’s why Entrepreneur suggests looking to established companies in need of subcontractors. This will allow you to build your experience and brand recognition, even if it means having to go to work for someone else for a little while.

  5. You’ll Want to Get Liability Insurance
  6. A lot of things can happen when you’re doing home renovations, both to your employees and your clients’ homes. Without liability insurance, writes The Houston Chronicle, you risk getting yourself pulled into court for damages caused under normal working conditions. Liability insurance allows you to pay for these normal occurrences, without bringing any uncomfortable legalities into the matter.

Did you start your own home improvement franchise? What advice would you give others wondering how to start a home improvement business? Let us know in the comment section below.

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