All you have to do is flip through any number of DIY channels on a basic cable subscription to understand just how popular and mesmerizing home services and remodeling can be. There are literally dozens of shows dedicated to fixer-uppers, flipping houses, remodels, and other various home improvement projects. Because if there’s one thing America loves, it’s improvement – especially the kind that begins right at home. In recent years, the United States has become a “Renovation Nation.”
Franchise FastLane understands this notion and it’s one of the reasons the majority of the best-in-class brands in our inventory are of the home services variety. Our neighborly love affair with “keeping up with the Joneses” has us on an eternal quest to showcase our homes, our yards, and our property. And the interest that first spiked back during the initial Covid lockdowns still shows no sings of slowing. This trend is backed by real statistics, as Brandessence Market Research predicts a market valued at $100 billion per year – with a CAGR of +4.6% through the year 2028.
In the effort to get last year’s runaway inflation under control, the Fed issued a number of sequential rate hikes which have tightened up the lending market and doubled mortgage rates. That means less people are looking to buy or sell, and more people are looking to improve their current property holdings. According to Thumbtack, a home services platform, some 90% of homeowners are looking to improve their own properties in one way or another in the next calendar year. Also, the last three years have seen a massive spike in employees who have the luxury of working remotely from home. And the race to have the nicest looking office has subsequently entered the chat.
Why You Should Consider Home Services
If you consider yourself handy with DIY projects – or even if you don’t – you could still be a great fit for a home services franchise operation. Many of the brands in Franchise FastLane’s Portfolio are also mobile-based operations – meaning you won’t need a brick-and-mortar showroom or retail location to get your business up and running. And if you need an affordable option, the majority of our franchise concepts are priced to be an affordable way to begin an entrepreneurial journey. We’re talking $100,000 or less and you’ll be ready to roll…
Franchise ownership offers an advantageous way to become your own boss. When you investigate the best-in-class opportunities in Franchise FastLane’s portfolio, you’ll discover the value proposition built into their proven business models and operations manuals. Then there’s the comprehensive training and close-knit, ongoing support offered by the franchisor. When you become a franchisee, you’ll quickly come to find out that when you succeed, the brand succeeds. And we only work with the best of them!
That’s a true win-win if there ever was one.
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