As we move into the 21st century, more and more people are finding that they need to start offering home services to keep up with the competition. While this can be a daunting task, it’s also very lucrative. The market is worth over $300 billion and is expected to reach one trillion dollars by the decade’s end. Here are five of the most popular home services that you should consider starting today.
Home Inspection
There are about 140 million homes in the country, and about a million more are being built yearly. These homes require regular maintenance and inspection to ensure they are safe and up to code. Home inspectors typically charge between $200 and $500 for their services, depending on the size of the home and the level of detail required. However, typical home inspections are no longer enough.
More and more people realize that average home inspections miss many things. It’s why residential drone inspection services are becoming more popular. Drones can get into hard-to-reach places and provide a more comprehensive inspection. It’s an excellent service to start if you have experience with drones and are looking for a way to break into the home services industry.
Renewable Energy Contractor
The world is shifting to renewable energy, and there is a lot of money to be made in this industry. Solar energy is the most popular form of renewable energy and will only become more prevalent in the future. As a result, the solar energy industry is expected to grow by over 60% in the next decade. This presents a significant opportunity for those looking to start a home service business.
As a renewable energy contractor, you would be responsible for installing solar panels on homes and businesses. This can be very lucrative, as solar panel installation costs between $10,000 and $30,000. However, it’s important to note that this industry is highly competitive. To succeed, you’ll need to be able to stand out from the crowd.
Handyman
Handymen provide a wide range of services, from plumbing to electrical work. They are an essential part of the home services industry and are always in high demand. The average handyman charges between $50 and $100 per hour, making this an excellent business if you’re looking for a way to make some quick cash.
To be a successful handyman, you must have experience with many home improvement tasks. It’s also essential that you have your tools and transportation. Handymen who can’t provide instruments or transportation typically don’t last long in the industry.
Smart Devices Installer
As more homes become connected, the demand for smart devices is skyrocketing. This presents a significant opportunity for those looking to start a home service business, and smart devices include everything from thermostats to door locks. Installing these devices can be very lucrative, as the average job pays between $100 and $200.
To be a successful smart device installer, you must have experience installing and configuring various types of smart devices. It’s also essential that you have your tools and transportation. Smart device installers who can’t provide tools or transportation typically don’t last long in the industry.
Cleaning
Cleaning is an essential home service that is always in high demand. The average cleaning job pays between $50 and $100, making this an excellent business if you’re looking for a way to make some quick cash.
Starting a modern cleaning company is quite simple. Here are some of the essentials:
A Reliable Van
A van is essential for any cleaning business. It’s important to have a large enough van to store all your equipment and supplies. Some of the best vans you should be eyeing are the Mercedes-Benz Sprinter, the Ford Transit, and the Chevrolet Express. Feel free to buy used vans whenever you can.
Cleaning Supplies
You’ll need a wide range of cleaning supplies to get started. These include everything from mops and buckets to vacuums and cleaning solutions. The best way to find affordable cleaning supplies is to shop online. Many websites sell cleaning supplies at wholesale prices.
Commercial Cleaning Insurance
Cleaning businesses are required to have commercial insurance. This type of insurance protects you from liability if someone is injured while on your property. Commercial insurance typically costs between $500 and $1,000 per year.
Now that you know the essentials of a cleaning business, you can start your own this year. They can earn around $100k yearly with a suitable business model.
Home services have evolved and will continue to grow as technology advances. You should start to get ahead of the curve by starting one of these five modern home services.
