Why You Should Start a Residential Remodeling Business in 2020

We just made it through an economic shut down never seen before. Many retail and personal service businesses failed or are in deep financial trouble. Some tech companies grew and other companies grew, but one sector that grew that is not being talked about is the residential remodeling industry.

Homeowners Fixed Issues Put Off in the Past

We are Crawl Space Ninja and our services include crawl space encapsulation, basement waterproofing, attic insulation, duct cleaning and sealing, foundation repair and yard drainage.

Our company focuses on "need to" repairs not "want to" repairs. We feel because of this we were and are considered "essential" in every state we have a franchise or corporate location. Did we see some homeowners wait due to the shutdown and uncertainty of the economy or their jobs? Absolutely. I suspect all industries did. But, we were and are still open for business and thriving.

Remodeling Sales from March to May 2020

Don't get me wrong, I feel the time from March to May of 2020 did not do as well as it could have if the economy was not shut down. In fact, our sales were down 14% from March through May of 2020 versus the same time in 2019.

We were planning on a 20% to 30% increase during that time over the previous year. A shutdown economy is certainly difficult to predict. In spite of the lower numbers of March through May, our 2020 revenue is higher than our 2019 revenue year-to-date by 14%. Wow!

We had a phenomenal January and February and May is actually way up over the previous May as well. The most disappointing months were March and April, but due to us outperforming January, February, and May, we quickly made up for the lost revenue of March and April.

Starting a Residential Remodeling Business Now

The economy seems to be getting back to normal with most states loosening restrictions. Even in states with very harsh stay at home orders, people still needed residential remodeling businesses to help them take care of problems in their homes.

This is why I feel now more than ever you should consider starting a residential remodeling business like Crawl Space Ninja. Again, maybe some non-essential remodeling businesses did not fare as well as we did and some may have done better. The point is choosing a residential remodeling business model like Crawl Space Ninja where we focus on needed repairs is a great business to open in your area.

Your Next Step

If you are interested in helping Crawl Space Ninja open in your area, we want to speak with you today. We are one of the fastest-growing indoor air quality, waterproofing, and energy-efficient companies out there.

The reason we are so blessed is our great people and lots of prayer. We put our business owners and staff first because we know treating them well will cause them to treat our customers well.

Our name recognition and YouTube presence have helped us create a marketing platform like no one in our industry. We have hundreds of homeowners contacting us to fix their homes in areas we are currently not in. This is where you come in. Help us help those people and you could be on your way to a successful residential remodeling business.

Great Business Opportunity in 2020

Our growth potential is huge because of the potential to help so many homeowners. We are constantly reviewing more "need to" services to help our business owners succeed. Most homeowners cringe at the thought of fixing their own crawl space or attic. Many won't even go in them. This is great for us because we have the knowledge and resources to fix those areas and make them worry-free for years to come.

According to MarketWatch.com,

"Home remodeling is a $450 billion market, and it's only going to get bigger."

Read full article: https://www.marketwatch.com/story/home-remodeling-is-a-450-billion-market-and-its-only-going-to-get-bigger-2019-03-12

Now is the time for you to act, click here to set up a free consultation with one of our Business Growth Strategists today.

2 Comments

  1. Tim Sellers on December 31, 2020 at 11:32 pm

    Hi Michael,
    I want to tell you how much I have enjoyed watching your YouTube videos. In 1996 I worked in the HVAC industry as a Retrofit Director / Residental Sales representative in NC. I also was an independent contractor for Advanced Energy in the Research Triangle. There I would train HVAC contractors who were participating with Duke Energy through their Home Comfort Tune-up program. From that program, I quickly learned just how bad a problem homeowners were dealing with underneath their homes.

    The program used blower door technology to measure air tightness of the house and the leakage of ductwork. It was during this time when I approached Keith Aldridge who was overseeing the building science department for Advanced Energy. What I approached him about was a way to fix crawl spaces. He was fully in agreement with the approach I was heading toward. Approximately 3 months later he contacted me to inform me that AE was joining the US Department of Energy in a joint venture to research and find a solution to fix the problems in the crawl spaces. This study was conducted in Princeville NC. After working on the test houses and installing about a half dozen systems prior to the study, I was convinced that this technology would revolutionize the building industry. Now, nearly 20 years later, having installed many closed Crawl Space Systems through my company, Healthy Home Environment, I wanted to give you a thumbs up for educating homeowners all over the country. These problems are real and will not go away, unless contractors understand the science behind the problem and properly apply the right solution for the problem. Indoor air quality starts in the crawl space first and affects the whole house as a system.

    Look forward to the opportunity of meeting you in person someday.

    Thanks again!
    Tim Sellers
    336-516-1591

    • Michael Church on February 18, 2021 at 7:28 pm

      Hi Tim, thank you so much. I have used that research to help us develop our Crawl Space Ninja System. Thank you.

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