Kitchen Remodeling
What will I be doing ?
Here’s an excellent home-based business idea for those who have a range of labor skills such as carpentry, painting and cabinetmaking. It is also a profitable one the kitchen is the most popular room for remodeling. A kitchen remodeler is paid for designing, refinishing, apinting and trimming kitchens and, sometimes, bathrooms. The kitchen remodeler has both the ideas and skills to modernize a kitchen to fit the needs and tastes of the homeowner.
What will I need to start ?
To successfully remodel kitchens for profit, you must first know how to design kitchens for efficiency and beauty. Learn as much as you can about kitchens, popular kitchen designs and materials and how to integrate them.
You’ll need skills working with wood, cabinets, countertops, plumbing, electricity, paint, wallcoverings, flooring and other components of the modern kitchen. Many people enhance these skills by working in the construction trade, especially for a professional remodeler. The more you know, the more you earn-and the fewer costly mistakes you make.
You will also need some tools and equipment as well as a vehicle for transporting them from job to job. You can have cabinets, countertops and appliances delivered by your wholesaler so you don’t need a large work truck. You can hire someone to pick up cabinets once you’ve removed them. Even the trunk of a car can serve as your toolbox. In it will be a power saw, hammers, screwdrivers, levels, measuring tapes and other tools for installing cabinets, floors and other materials.
Be sure to check with local and state licensing offices as you will probably need licensing and bonding tobe a professional contractor.
Who will my customers be ?
Customers for your kitchen remodeling business include individuals, contractors and building material stores. And ad in the service directory of your local newspaper or in the area telephone book can help homeowners find you. General contractors may hire you for a job. Also, building material stores that sell cabinets and other kitchen fixtures may hire or recommended you for installation.
How much should I charge ?
The rate for a kitchen remodeller varies from $30 to $75 an hour, but is priced by the job. Some kitchen remodellers use a markup of two or three times the cost of materials. Others price by the square-foot-size of the kitchen. A full kitchen remodel job will be priced from $3,000 to $10,000 or more depending on the size and quality of materials used for floors, cabinets and countertops. A kitchen remodel can take from 20 to 60 hours depending on size, complexity and whether you build your own cabinets or countertops.
How much will I make ?
A successful kitchen remodeling business will require 15 to 30 percent of the owner’s time for marketing and administration. The balance of time will be billable to customers. Overhead expenses, excluding the cost of materials, is typically 20 to 30 percent of income for telephone, advertising. licenses, a vehicle, etc. So a successful one-person kitchen remodeling business can earn a net income (before taxes) of $40,000 to $75,000 or more. Of course, it may take a year or two of hard work to get to this level, but many remodellers have done so.
How can I get started ?
Kitchen remodelers are paid for their knowledge and efficiency. So, the more you know and the more efficiently you work, the more you will earn. To start your kitchen remodeling business, work for someone else developing your knowledge and skills. Build your toolbox. Take evening courses or read books on kitchen design. Study local building codes. Get the necessary contractor and business licenses. Find a job or two you can do to develop good references. Advertise where your competitors do.
The SIC code for kitchen remodelers is 1521-17
From the book of Dan Ramsey, Title : 101 Best Home Businesses, CAREER PRESS, 3 Tice Road, P.O. Box 687, Franklin Lakes, NJ 07417, 1-800-CAREER-1, 201-848-0310 (NJ and outside U.S.), FAX : 201-848-1727
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