Home ownership comes with a never-ending list of things to fix, improve, put together, and finding the time to get it all done is a common challenge for homeowners.
Between 2001–2018, US homeowners spent an average of $2,570 annually on home improvements. People are dishing out money for renovations, thus, if you are skilled enough to offer professional handyman services than starting your own business is a smart decision.
Handyman businesses may usually be a hit, if you have sound knowledge and understanding of fixing electrical, plumbing, and other house maintenance issues.
We have listed down the pros and cons of starting a handyman business, here you go:
The Pros of Handyman Business
Starting a handyman business will let you experience the benefits that are mentioned below:
- Your startup costs won’t be too high, when you already have the tools and equipment. Even starting a handyman business website will boost your business to another level without costing much.
- Other than full time handyman business, it’s also an excellent business to start on a part-time basis.
- You can have high profits, if you can manage the business and provide great services.
- Generally, the overhead expenses for handyman business are low.
- Referrals and word-of-mouth are great marketing tools in this business. The more satisfying and on time fixture services you provide, the more people will tell their friends and family about how great and convenient your services are.
- There is also an opportunity to specialize, such as working exclusively on home remodels, or with real estate agents.
- You can focus on residential as well as commercial services.
- There are plenty of franchise opportunities available.
The Cons of Handyman Business
Some of the potential challenges that you might face while starting a handyman business:
- The service provider should be in good physical condition.
- Some of your work will be seasonal, which means your profits might go down once or twice a year.
- Getting license for some areas can be challenging because you must need to meet the certain criteria.
- It might take some time to create a profitable and loyal client base.
- You need to have professional knowledge and experience in all aspects of home and office construction, maintenance, remodeling, and repair.
- You need to own a comprehensive set of solid work tools, a ladder, protective clothing, a torch, and a van.
- You might require a liability insurance, business license, contractors' license, and in some areas, you need to be bonded.
Work Done by Us for Handyman Businesses
If you need some guidance to start a handyman business online, talk to one of our experts via chat. We would love to help you out!