With the economy on the move, the consumer market remains a tad cautious. This is a good sign for investors in markets such as home remodeling, as homeowners are more likely to save on costs rather than trade up. And with the expectation that the remodeling and repair industry will continue to flourish in the next few years, green remodeling franchises currently offer great investment opportunities.
Whether handyman services, bathroom remodeling or even painting: green remodeling franchises are expected to boom for the following reasons:
1. Consumer Demand
The indicators of consumer demand suggest that environmental issues are dictating a lot of activity right now. A survey done by Time Magazine says that more than half the U.S. population believes environmental protection should take precedence over economic growth.
Remodeling franchises are in an ideal position to take advantage of this trend because they cater to the modern demands of the consumer, who prefers customization, eclectic combinations, energy efficiency and universal designs.
2. Market Reasons
According to data compiled by Handyman services franchise, spending in the remodeling sector was slated to rise by 9.2% in 2013. Furthermore, six out of ten homeowners have a prioritized home repair option and there are countless growth opportunities throughout a house’s lifetime.
Such positive market indicators suggest that investors should look towards remodeling franchises that provide good value and are deeply rooted in the repair and renovation industry.
Another two-tier advantage for investment in a remodeling franchise is that apart from the consumers, various enterprises are also interested in green remodeling. This means that the net return on investment is expected to be highly positive. A cost benefit analysis on owning a remodeling franchise indicates that businesses that focus on sustainability efforts are having greater returns on asset.
From an investor’s perspective, a good remodeling franchise caters to market competitiveness. Since the green sector is also growing, the industry is looking to offer new opportunities to investors.
Investment would allow the franchise owner to have training in marketing, green energy and technology. This is a priceless market asset since it allows diversification for the investor. The principles of green energy learned by running a remodeling enterprise can easily be applied to a business dedicated to developing renewable resources.
The auxiliary benefits make the project competitive and also market stable. For even if the housing market suffers an unforeseen slum, the principles can be applied in the green sector anywhere, adding to the sustainability.
Investment in the current economy is dependent on sustainable trends. Green home remodeling is not only a generally popular trend, but also a decent business to run. The info above provides a road map for the execution and the possible benefits of such an investment.