Business Ideas for Home: Home Remodeling and Restoration

(LifeWire) - Overview of the Home Remodeling Business

If you love carpentry, why not consider starting a home remodeling and restoration home business? You can either offer to make improvements yourself, or if you're not the handy type, offer your services as a remodeling and restoration consultant instead.

You might be called in to replace cabinets, replace beams holding up a creaky structure, or gut-renovate a room or an entire house. Some home remodeling consultants offer energy-saving remodeling services as well.

Perhaps the trickiest obstacle is bidding on home remodeling jobs. A balance of price fairness and profitability can be accomplished, one expert says, when you are getting about 25% of your bids accepted. Licensing requirements vary for home remodelers, so perform your due diligence. Some states have a cost limit before a contractor's license is mandated. You'll find support, tips and other info through the National Association of the Remodeling Industry, Advisory Council on Historic Preservation, and Association of Restorers, among others.

Pros of a Home Remodeling Home Business

Home Remodeling and Restoration: Real-Life Example

Heritage Restoration Services owner Jeff Finch, who specializes in "carpentry restoration and 19th century decorative finishes," earns an estimated $67,000 annually for his one-man operation in Franklin, N.Y., according to a Dun and Bradstreet business profile.

Related Business Ideas for Home

More on Starting a Home-Based Business

This article is part of the 7 Home Based Home Improvement Businesses collection. Use the link to access other home-based businesses in this collection.

LifeWire, a part of The New York Times Company, provides original and syndicated online lifestyle content. Ron Dicker is a New York-based freelance writer who covered sports for the New York Times from 1996 to 2005.

Original post:
Business Ideas for Home: Home Remodeling and Restoration