The Joint Center for Housing Studies at Harvard University estimates that spending on home repairs and improvements will reach nearly $420 billion by 2020. Re-Bath has a strong value proposition and customer-centric franchise opportunity in this market. They can also custom-design solutions for certain situations and offer a range of services and products. Their experienced staff can install a new bathtub in a single day, making them an excellent choice for homeowners looking to remodel their bathrooms.
Re-Bath's parent company, which is the largest franchise in bathroom remodeling, sold a portion of its shares recently to a New York-based private equity firm. The new owners are looking to expand the business by acquiring exceptional franchisees as well as strengthening corporate support and maximising sales opportunities through national retail partners. Re-Bath is set to be a household-name in the United States because of the positive growth it has experienced in its financial results.
Re-Bath is a popular brand that caters to high-end and middle-income customers. Despite the boom in bathroom remodeling, the industry remains fragmented and dominated by independent contractors. Re-Bath reduces project timelines by focusing on efficiency and quality. The business model allows franchise owners to concentrate on their core competencies while maximising their income potential.
FAQ
Is it more expensive to remodel an existing house than to build one new?
If you're thinking about building a new home, there are two options for you. The other option is to purchase a prebuilt home. This type of home is already built and ready to move in to. You also have the option to build your home from scratch. You will need to hire a professional builder to help design and construct your dream home.
The cost of building a new home depends on how much time and money you spend designing and planning it. Because you will likely be doing most of the work yourself, a custom home can require more effort. But you still have control over the materials you choose and how they are placed. It might be simpler to find a contractor specializing in building custom homes.
A new home will usually be more expensive than a renovated home. Because you will need to pay more money for the land and any improvements made to the property, this is why a new home is usually more expensive. Permits and inspections are also required. The price difference between a newly built and remodeled home averages $10,000-$20,000.
Do I need an architect/builder?
It may be simpler to hire someone to help you renovate your home. However, if you are planning to buy a new home, then hiring an architect or builder will help you make sure that you get exactly what you want.
Can I remodel my whole house by myself?
You can do it yourself so why pay someone when you could save time and money?
It doesn’t matter how much DIY is your passion, sometimes it can be difficult to do the job yourself. It may be impossible to control the many variables.
You might discover that the wiring in your home is not up to date. In this case, you'll need to hire an electrician to ensure that your electrical system works safely and reliably.
Consider that you may not be able repair any structural damage that might have occurred during the renovation.
Additionally, you may not have the right tools to complete the job. For example, if your goal is to install a new sink in your kitchen, you will need to purchase a plumber’s snake, which is designed to clear blocked pipes.
You will also need a licensed plumber to work on your plumbing project.
Let's just say that you must know what you can do before you undertake such a daunting task.
If you are unsure if it is possible to do the job on your own, ask friends or family members who have worked on similar projects.
They can help you determine the right steps and where you can find out more.
What should I look for when buying a home?
You need to ensure you have enough funds available to cover closing costs before you buy a home. Refinancing your mortgage might be an option if you don’t have enough cash.
Can I rent a dumpster?
You can rent a dumpster for debris removal after your home renovation. Renting a dumpster to dispose of your trash is a great option.
Statistics
- According to the National Association of the Remodeling Industry's 2019 remodeling impact report , realtors estimate that homeowners can recover 59% of the cost of a complete kitchen renovation if they sell their home. (bhg.com)
- On jumbo loans of more than $636,150, you'll be able to borrow up to 80% of the home's completed value. (kiplinger.com)
- It is advisable, however, to have a contingency of 10–20 per cent to allow for the unexpected expenses that can arise when renovating older homes. (realhomes.com)
- Rather, allot 10% to 15% for a contingency fund to pay for unexpected construction issues. (kiplinger.com)
- Most lenders will lend you up to 75% or 80% of the appraised value of your home, but some will go higher. (kiplinger.com)
External Links
How To
Where can I find information regarding home improvements?
Home improvement projects can be a cost-saving way to improve your home. You can make your home look better without spending too much money. There are many ways to make your home more appealing without spending a lot of money, such as painting and landscaping or adding a spa. You can find many resources online to help you make these changes.
The internet contains a wealth of information about home improvement projects. Many websites offer detailed instructions for how to accomplish various tasks. These sites often contain pictures of completed projects, so you can easily envision how your own home would look after completing each task.
Professionals might also publish articles on home improvement topics. For example, you may read a magazine article about the best type of paint to use on your walls. This article may give you some tips for choosing the right colors and types to match your decor.
There are also websites that specialize in providing advice and recommendations regarding home improvement. Houzz.com is a great place to find out more about home improvements. Each website provides helpful information about products and services that may interest you.
Some websites are only for home improvement. Lowe's.com can be used to look through its catalog of tools, materials and supplies for home improvement projects. There may be helpful information about how to select and install window treatments.
Home improvement projects are fun, exciting, and rewarding. You can make your home more beautiful by learning about them.