The beauty of home remodeling business is that it blooms in hot as well as cold housing market. When the market is hot and there are many buyers and sellers, the sellers tend to remodel their homes before selling to get a good price; and the most buyers engage in remodeling in the first year of their purchase. It is a win-win for home remodeling business. Following are the steps you need to take to start your home remodeling business.
Get Your Training and License
If you are completely new to the remodeling business, you need training and certification. However, if you know the trade well, you still need certification. The primary trade association for remodeling industry is the National Association of the Remodeling Industry.
Choose Your Niche
Remodeling is a broad field, and it is mandatory, not optional, for the new businesses to choose their niche. You can choose between remodeling commercial or residential properties. Within these broad niches, you can specialize in remodeling apartments, condos, damaged buildings, or specific architectural styles. In the start, you should choose a niche that is quite narrow. Afterwards, you might consider expanding it.
Build Your Client Network
If you are new to the industry, it is quite probable that you do not have many clients. There are certain steps, however, that you can take to build a solid client network. First, register yourself in The Blue Book of Building and Construction. Then, do some online marketing. Post your ads on classified ads websites, maintain a social media page, and have a basic web presence for your home remodeling business.
The clients often need to see your portfolio: the projects you have done in the past. If you do not have an impressive portfolio yet, consider working as a sub-contractor. This means that you have to share the margins, but it will give you an opportunity to build a portfolio and spread the word.