What’s not to like? Property Maintenance is a low cost, high profit business that we can help you start fast!
1: Overview
2: Qualifications
3: Pros and Cons
4. Choose your business structure and registering your business
5: How much can I earn? And startup costs
6: Create your business plan
7. Marketing and Branding
8. Red tape
9. Conclusion
Do you find yourself helping out friends and family with those odd jobs around the house? Or have you decided that you´d like to take your hobby/side hustle to the next level? Starting up your own Property Maintenance business could see you running a very lucrative business in a short space of time.
- Potential Annual Revenue: £30-54,000
- Startup Cost: £1,000-£2,500
- Time To Revenue: 2-3+ months
- Annual Market Growth Rate: %
- Best for: Hard working, meticulous, self-motivated, trustworthy entrepreneurs
The value of housing repair and maintenance in Great Britain in 2022 was a whooping £30 billion proving that we all like to make alterations and improvements to our properties and will deal with much needed repairs even when times are tough economically.
Maybe we made too many expensive mistakes during lockdown or now we just can’t seem to find the time to invest in the upkeep of our house and garden but we have seen a steady growth in household maintenance expenditure in the post-Covid years. Subsequently, more and more people are turning to professional property maintenance service businesses.
Many of the country’s top home improvement retail companies have lamented the fall of DIY and the growth of the do-it-for-me generation. Here’s where you come in as the ever helpful Handyman!
We can help you start this business today with this great package!
If you are thinking about starting a property maintenance business, you are probably handy and possess most of the skills required, or at least enough repair skills to get started. A common misconception most people have about this industry is that you need to have a ton of construction experience and know-how to do everything. This isn´t so but you must have skills and/or qualifications in the areas that you will concentrate on.
So, are you the perfect plasterer or handy with a paintbrush and roller? Maybe your skill set is in plumbing, furniture building and fencing? Or are you lucky enough to be a jack-of-all-trades?
Although running a property maintenance company does not need any specific qualifications, some of the areas you may want to consider do need training.
You can do relatively short courses that will cover a range of trades.
Take a look at the government’s National Careers Service website or contact City and Guilds or your local colleges for BTEC for information on Building Construction courses. Or a Level 2 NVQ Diploma in Building Maintenance Multi-Trade: Repair & Refurbishment. All these qualifications will help enormously when you´re starting out in property maintenance giving potential customers confidence in your working ability.
Never tackle gas or electrical work without the required training and qualifications.
Before you attach your tool belt and pick up your sharpened pencil, here are some pros and cons to keep in mind:
5 Great Reasons to Start a Property Maintenance Business
- High Demand with recurring revenue: There is a constant demand for house maintenance services as home and property owners require regular upkeep and repairs.
- Numerous Services: You can offer a variety of services big and small, such as plumbing, electrical repairs, painting, carpentry, plastering and tiling to changing a bulb or a showerhead. This allows you to cater to a diverse customer base and increase your revenue streams.
- Flexibility: You can typically set your own working hours and schedule.
- Scalability: A good reputation will bring in more work than you can handle as a sole enterprise. Once you start to either employ or hire staff, you can expand your services and cover a larger geographical area.
- Variety: You´ll work on different types of projects and encounter various challenges. This variety can keep the job interesting and prevent monotony.
6 Common Challenges when Starting a Property Maintenance Business
- Seasonal Fluctuations: You might find that you have fluctuations in your workload. For example, you may find there is a higher demand for garden maintenance and outdoor house repairs in spring and autumn while boiler system repairs may be more common during the colder months. The weather can have a significant impact on your working week, be prepared to ride out any outdoor work that is washed out. Over the winter try to keep a few small indoor jobs on the side.
- Intense Competition: The house maintenance industry is often highly competitive, especially in populated areas. Established businesses and contractors with a strong customer base can pose challenges to start-ups trying to establish their presence.
- Skill Diversity: Providing a wide range of services requires a diverse skill set or you will need to hire qualified subcontractors. This can increase your costs and take more management.
- Physical Demanding: Work can be physically demanding, involving manual labour, working in confined spaces, or performing tasks at heights. You can be at risk of injuries or physical strain.
- Customer Satisfaction: Maintaining a high level of customer satisfaction is crucial to your success. Unhappy customers can tarnish your reputation through negative reviews or word-of-mouth, potentially impacting your business.
- Self Management: Balancing multiple projects, scheduling appointments and managing customer expectations can be very challenging. Don’t bite off more than you can chew at the beginning. Know your limitations.
From registering your company, establishing your brand to marketing your services, we’ll cover everything you need to know to help you turn your creative talent into a successful property maintenance business.