7 Home Improvement Business Ideas with High Demand
Looking to invest in the home improvement industry? The market is booming! With so many business options to choose from, it can be hard to know which opportunity is right for you. Fortunately, we’ve curated a guide that will walk you through the various investment opportunities—and explain why partnering with an established franchise brand like Budget Blinds might be your next best move.
Understanding the Market Demand
The U.S. home improvement industry has seen consistent growth for years. Driven by a combination of aging housing inventory and rising interest rates, the market is projected to exceed a value of $600 billion by 2027. Instead of purchasing a new home at a higher interest rate, consumers are spending their money on upgrades and renovations of their current homes. According to Angi’s 2024 State of Home Spending report, the average household spent over $9,300 on home improvements, the largest spending category.
This trend shows no sign of slowing down, either, with homeowners prioritizing comfort, sustainability, and smart-home integration. To succeed, it’s crucial to align your home improvement business with what today’s consumers are really looking for. Here are some of the most in-demand opportunities:
- General contracting
As a general contractor, you manage and oversee entire home renovation projects. Homeowners appreciate the convenience of dealing with one professional who coordinates all aspects of the job, from plumbing and electrical to painting and flooring.
Initial startup costs for this type of business will vary depending on the size of your operation, location of your business, and project scale. However, to start a smaller construction business, your costs may range from $40,000 to $50,000.
- Kitchen and Bathroom Remodeling
Kitchens and bathrooms are often the first places homeowners consider upgrading. These spaces significantly impact the value of a home, and a well-done remodel can offer substantial returns on investment.
Similar to general contracting, your startup costs will vary depending on whether you subcontract the work or complete it yourself. However, should you choose to join a franchise brand, your initial startup costs could range from $100,000 to $200,000.
- Landscaping and Outdoor Living Spaces
The past few years have increased the value placed on private outdoor spaces. Many homeowners are investing in landscaping, patios, decks, and even outdoor kitchens. The most affordable of our home improvement business options, starting a landscaping business can cost between $5,000 and $15,000. - Home Energy Solutions
Energy efficiency is a top priority for many homeowners. Businesses that provide energy audits, insulation services, and the installation of energy-efficient windows and solar panels are seeing a significant increase in demand. A niche opportunity that not only caters to a growing market but also supports environmental sustainability, energy efficiency businesses can be started for as little as $85,000. - Custom Carpentry and Woodworking
Custom-made furniture, cabinetry, and one-of-a-kind woodwork can help your business stand out. Custom carpentry is highly valued for its craftsmanship and personalized touch, making it a sought-after service. Startup costs can range from just a few hundred dollars for hobbyists to more than $20,000 for a fully equipped professional setup—offering the potential for high margins and strong returns. - Roofing Services
Often a crucial home maintenance area, roofing services are in high demand. Whether it’s repair, replacement, or new installations, roofing services often come with high profit margins due to the skilled labor involved and the essential nature of the work. Depending on the size of the business, startup costs can range from $20,000 to $50,000 or more. - Home Automation and Smart Home Solutions
The rise of smart technology has created a lucrative market for home automation services. Installing smart security systems, automated lighting and blinds, and home entertainment systems can attract tech-savvy homeowners willing to pay a premium for convenience and innovation.
Startup costs for this type of business will vary. However, should you choose to start a home automation business with a reputable franchise brand like Budget Blinds your investment costs could range from $140,500 to $211,250, including the $89,950 initial franchise fee. Additionally, qualified candidates may receive up to $56,000 in-house financing.
Why Consider a Franchise?
Starting a home improvement business independently can be rewarding, but also overwhelming. If you’d rather skip the steep learning curve, a franchise model offers significant benefits, including:
- Proven business model: Skip the guesswork and operate under a well-tested blueprint.
- Training and support: Learn operations, sales, and marketing with hands-on guidance.
- Brand recognition: Leverage a name customers already know and trust.
- Vendor relationships: Gain access to negotiated pricing and exclusive products.
- Ongoing marketing: Use national campaigns and digital tools to build awareness.
- Peer community: Connect with franchisees across the country for advice and support.
Get Started with Budget Blinds
Rated the No. 1 window coverings and blinds franchise by Entrepreneur magazine, Budget Blinds offers a low overhead, home-based business model in a thriving industry. As a franchisee, you’ll serve as a comprehensive resource for customers looking to refresh their homes. With the ability to upsell a wide range of custom window treatments—including blinds, shades, shutters, and smart home integrations—you can increase project value and overall revenue. Additionally, by offering complementary products like bedding, pillows, and rugs, you’ll position your business as a true one-stop shop for interior updates.
To learn more about our franchise opportunity, inquire now. Once we’ve received your information, one of our franchise advisors will be in touch to set up an introductory meeting with you.