What Home Remodeling Franchises Are in Highest Demand?

Are you considering a home remodeling franchise? Discover the most sought-after services and trends in home improvement spending before you invest.

According to a survey by Houzz, home improvement spending climbed 60% over the last three years to $24,000. The increase in home renovation spending is partially due to the aging of America’s housing stock. The median age of a home in the U.S. is 40 years. And despite high inflation and supply costs, homeowners continue to upgrade their existing homes to fit the evolving needs of their families, rather than purchase a new home.

“With over half of homeowners planning renovations, it’s evident that the need to update limited and aging housing stock continues to fuel strong demand for home improvements,” said Marine Sargsyan, Houzz’s staff economist in a statement.

Launching a home remodeling franchise can be a lucrative venture for savvy entrepreneurs. But finding a franchise that’s a good fit and in high demand can be challenging. Here are some of the top home remodeling franchise options on the market today:

• Kitchen and bathroom remodeling: Kitchens and bathrooms are two of the top remodeling projects homeowners choose to tackle. Whether you offer full-scale remodeling or refreshing services, specializing in kitchens and bathrooms provides a strong opportunity.
• Painting: Painting is a quick, inexpensive way to give a space a facelift. A painting business can build a commercial and residential clientele, and you can specialize in interior or exterior painting. There’s also the option to offer ancillary services such as pressure washing, wallpaper removal, and deck staining. A painting business provides recurring revenue because homes need to be painted every seven to 10 years, according to Angi.
• Handyman services: Homeowners hire professionals to keep their homes in tip-top shape and check off items on their honey-do lists. The handyman services market size was on track to reach $1.8 billion in 2023.
• Flooring: A flooring franchise focuses on the installation and repair of residential and commercial flooring. Over time, flooring starts to show its age, particularly in high-traffic areas. Homeowners can upgrade their flooring to increase a home’s value or revamp outdated styles, making a flooring franchise an ideal option.
  
  
• Home organization: The rise in remote work prompted a surge in demand for closet and home organization services. To create multi-functional spaces and improve efficiency, homeowners rely on personalized organization services, like The Tailored Closet.

A Home Organizing Franchise Designed for You

The Tailored Closet is a closet organizer franchise specializing in designing and installing whole-home organization systems including hobby rooms, laundry rooms, home offices, wall beds, entryways, mudrooms, and pantries. We debuted our first location in 2006, and today we have 162 locations across the U.S.

You don’t need contracting experience to succeed as a The Tailored Closet franchisee. As part of our management-focused business model, you concentrate on scaling your business and hire experts to handle the installations. As part of your initial investment ranging from $155,220 to $268,675, we provide the tools and training you need to build a thriving business. The average sales from 36 of our single-territory franchises was $430,431 in 2023.* Each of our protected territories has 100,000 minimum homeowners per area.

In addition to ongoing support and business coaching, you’ll also get our proprietary 3D design software enabling you to deliver custom designs and on-the-spot renderings during appointments.

“We like being a small business and appreciate the support of a much larger organization,” said Jackie Poehlman, owner of The Tailored Closet of Greater Orange County, California. “The Tailored Closet has a professional team of experienced individuals specializing in marketing, sales, and operations. Their goal is to help us become the most successful business we can be.”

Learn More About The Tailored Closet

Inquire now to learn more about partnering with The Tailored Closet to launch a home organization business.