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Starting Your Own Property Renovation Business

It’s not uncommon to hear about property renovations and upgrades as investments by homeowners. Whether it’s installing new doors or another kind of alteration entirely, the idea is simple: Improvements like these raise the value of a home for a future sale. At the same time though, most homeowners aren’t doing renovations on their own. They’re paying for professionals to do the work. For those with the know-how to handle property renovation then, this is a business opportunity. There are plenty of homeowners looking to have a variety of jobs done, which makes for a steady and reliable market. If this is something you’re thinking about though, you’ll want to consider some of the following factors on how to start a property renovation business first. Your Real Estate Market Knowing the real estate market you’re operating in can give you a good idea of how homeowners view their properties. Have they paid a lot for those properties relative to people in other areas? Might they be hoping for high resale value in the future? To take Doors 22’s home state as an example, state-by-state home price rankings list Florida as the 20th most expensive state to buy a home in; median prices are right around $300,000. This means that generally, in a state-wide sense, Floridians make fairly significant investments in their homes. By extension, they likely find upkeep and renovations to be worth their while in the hopes of increasing value even further. Boil that kind of understanding to specific regions, cities, or neighborhoods, and you’ll have a good idea of where to market property renovation services. How to Offer Affordable Changes Even if you’re starting a property renovation business with the intention of marketing to wealthier homeowners, it will also be in your best interest to find ways to offer affordable and functional home upgrade options. In other words, you should save your clients the trouble of pricing out renovation options, comparing companies, and so on. Instead, go to them with suggestions for how to affordably and functionally upgrade their space. This will increase the likelihood of earning business and developing a good reputation (though you can certainly work in more involved and expensive projects now and then!). How to Start the Property Renovation Business (Officially) While a lot of businesses today are operated in a very casual manner, starting a property renovation business will mean taking a more official route. Potential clients will want to see that you have a real company, and your business will be more marketable for it. Fortunately, this ’’t require quite as much effort as you might guess. Sticking with our home state, starting a new LLC in Florida is a quick and straightforward job. All that you need to do is handle a few online forms that have to be submitted to the state, and your property  renovation business will be an officially registered LLC — and can market itself as such. There are other structures you can look into as well, such as sole proprietorships or multiple forms of corporation. An LLC is the most common route for a new business though, and one that will provide you with the simple tax situation and scaling flexibility you want with a new company. Jobs to Focus On As you set about setting up your property renovation business, you’ll also want to consider what kinds of jobs you’ll focus on or specialize in, if any. One way to do this is by considering the region you’re operating in. Sticking with Florida, for example, you might consider focusing on roofing and exteriors to help refresh homes impacted by harsh weather. Bedroom additions are also popular renovations in the state, due to growing families, retirement arrangements, and so on. More generally, you might also consider remodeling payback, which is essentially how much different renovations are likely to pay homeowners back for their investment. Projects like stone veneers, door replacements, and deck additions top these lists — and homeowners tend to know it. By playing to this idea of value, you might just be more likely to gain jobs. Hopefully these property renovation business ideas have given you a few things to think about! It’s an interesting business to get into, and one that can be quite profitable if handled correctly. Keeping the above points in mind isn’t the whole effort, but it will help you get there.

Make Affordable and Functional Upgrades to Your Home

Would you like to make some changes to your home to make it more aesthetically pleasing or more functional? Most people would like to find ways that they can make improvements to their homes, but they don’t want to break the bank while doing it. Fortunately, there are a number of ways to make changes and upgrades to the home while keeping your budget under control. Below, we will be looking at some of the best home upgrade options and ideas for you to consider. You will also find that you can do these on your own if you don’t want to hire someone to do it. Add Some Glass Closet Doors Sliding glass closet doors are a nice home upgrade option for the bedroom that will look better than the typical wooden sliders that are used in so many homes. Glass doors will provide a great aesthetic, and you can choose from clear glass, smoked glass, or milky glass depending on the look that you want to achieve and the amount of privacy you want for your closet. There are even options for mirrored glass, which helps to make the room look bigger. It also provides you with an extra mirror that you can use when getting ready in the morning. Keep in mind that you can use these types of doors in places other than the bedroom. Using glass doors like these could work well as a functional storage upgrade in areas such as the basement, attic, family room, or even in the kitchen as a pantry door. There are plenty of ways to use them. They are affordable and easy to install on your own, just like the partitions discussed next. Separate Your Space Using Glass Partitions Glass partitions are an ideal and cost-effective way to create separate spaces in your home. You can use the partitions as a way to create a separate room that you could use as an office. You can use them in lofts and studios as a means to create a different layout for your home. They are a nice home upgrade idea for garages and basements that you want to turn into a multipurpose space, too. When you need to have an added room in your home, but don’t want to go through the hassle of an expensive remodel, adding a glass partition is a great solution. The walls are easy enough to add without needing to hire a professional. They look great, and you will find the same great selection of glass styles as you will with the glass doors. Create More Storage Space You may also want to have some functional storage upgrades in your home. Storage helps to ensure you don’t have a lot of clutter lying around the house. There are plenty of ways that you can add more storage. Shelving can help, as can the aforementioned glass partitions and closet doors. When you are choosing ways to add more storage space, it’s important to home upgrade options that will provide you with not just space, but also aesthetics that will match your home’s style. Using coffee tables with storage space, nice storage bins, and under-the-bed storage can help you to get the clutter out of the way, while still having easy access to the items you need. Painting A fresh coat of paint can work wonders for your home, and it’s something that you can do on your own. Painting a couple of coats in a room can typically be done in a weekend. If you have a lot of painting to do, you can spread it out over several weekends and weeknights. While it takes some work, along with some tools, painting is relatively easy. Just make sure that you are using drop cloths and that you learn some basic painting techniques so that it looks great once it is all dry. Keep in mind that it’s not just the rooms that you can paint or even just the exterior of the house. If you want to give your kitchen or bathroom a new look, consider painting the cabinets. New Switch Plates and Outlet Covers Another easy home upgrade idea for your home that will take a matter of minutes is to change out the old and dingy plate and outlet covers. If you have recently painted a room, you might want to get covers and plates that better match the new paint, as well. Change Out the Hardware on the Cabinets One of the other easy and affordable ways to make some changes to your home is to change out the hardware on the kitchen cabinets and the bathroom cabinets. If you have an older home, you might have handles and knobs that are looking a little worse for wear. You can choose some new options that better suit your style and your rooms and change them out very quickly on your own. The holes are already drilled, and you will only be making replacements. You will find that this little home upgrade idea will pair well with others on the list like painting your cabinets and adding new switches and plate covers. Even though it might seem like a small change, it can help to improve the overall look of a room. Start Making Your Upgrade Plan Today Now that you have a few home upgrade ideas that can help you get started, you can make a list of the changes that you want to make. The home upgrade options above are easy and affordable, and they could be a good option for your place. Each property and owner is different, so you might find that some of the above options are more suited to your needs than others are. Whether you want to create new rooms in your house with glass partitions, or you only need to change out the old hardware on your cabinets, there are plenty of great home upgrade options. The sooner you start the sooner you can