A Step by Step Beginners Guide to Home Renovation as a Side Hustle.
Average Income: $30 to $100 per hour
Average Hours Per Month: 10h to 20h
Average Startup Costs: $1000 to $5000
Home renovation is a great way to earn extra money on the side, as many people are always looking for ways to improve their homes. Whether you have a passion for DIY or a background in construction, with the right tools and know-how, you can turn your skills into a profitable side hustle.
Whether you are looking to work part-time or full-time, starting a home renovation business can be an excellent opportunity to earn extra income and put your skills to use. This guide will walk you through the steps to get started and help you make the most of your home renovation side hustle.
Table of Contents
What is Home Renovation?
Home renovation refers to the process of improving, updating, or remodeling a home. This can involve anything from fixing a leaky faucet to completely gutting and remodeling a kitchen or bathroom.
Home renovation projects can be as simple or as complex as the homeowner desires and can range from cosmetic updates to structural changes.
What Are the Start-up Costs to Become a Home Renovator?
The start-up costs to become a home renovator can vary depending on the scope of the services you offer, the equipment you need to purchase, and the level of investment you’re willing to make. Some common start-up costs include:
- Tools and equipment: Basic tools like a drill, saw, hammer, and ladder are essential for most renovation projects. You may also need to invest in specialized equipment like floor sanders, tile cutters, and pressure washers.
- Supplies: You’ll need to purchase materials like lumber, drywall, paint, and flooring for your projects.
- Licenses and certifications: Depending on your location, you may need to obtain a contractor’s license, insurance, and/or certifications to legally operate your business.
- Marketing and advertising: You’ll need to invest in marketing and advertising to let people know about your services and attract new clients.
- Website: A professional website can help you showcase your portfolio, testimonials, and services, and make it easy for potential clients to contact you.
The total cost of starting a home renovation business can range from a few thousand dollars to tens of thousands of dollars. It’s important to have a clear budget in mind and to only invest in the necessary tools and equipment that you need to start offering your services.
What Services Can You Offer Your Clients as a Home Renovator?
As a home renovator, you can offer a range of services to your clients, including but not limited to:
- Room additions: adding new rooms or expanding existing ones
- Kitchen remodeling: updating cabinets, countertops, and appliances
- Bathroom remodeling: installing new fixtures, tiles, and vanities
- Painting: interior and exterior painting
- Flooring: installing new flooring or refinishing existing flooring
- Landscaping: creating or updating outdoor living spaces
- Electrical and plumbing upgrades: installing new electrical wiring, lighting fixtures, and plumbing systems
- Basement finishing: converting unfinished basements into living spaces
- Deck and patio construction: adding outdoor living spaces
- Roofing and siding: repairing or replacing damaged roofing and siding.
Depending on your experience, skills, and equipment, you can offer any combination of these services, and potentially even more specialized services such as carpentry, masonry, or wallpaper installation.
A Step-by-Step Guide to Becoming a Home Renovator.
Becoming a home renovator requires some knowledge, skills, and investments. Here is a step-by-step guide to help you start a home renovation side hustle:
- Acquire Knowledge and Skills: You need to have a good understanding of basic construction, design, and decorating principles. You can obtain this knowledge by taking classes, reading books or watching videos, or working on your own home renovation projects.
- Develop a Portfolio: Start working on small renovation projects to build a portfolio that showcases your skills, creativity, and expertise. Take pictures of your work and create a website or a social media page to showcase your portfolio.
- Invest in Tools and Equipment: You will need a basic set of tools and equipment, such as a drill, saws, hammers, etc. Consider purchasing high-quality tools that will last longer and make your work easier.
- Get Insured: Home renovation can be dangerous, and you will need insurance to protect yourself and your clients. Obtain liability insurance and worker’s compensation insurance.
- Network with Contractors: Network with contractors in your area to gain experience and find opportunities for work. Offer to assist them with their projects and learn from them.
- Offer Your Services: Once you have the skills, portfolio, and equipment, you can start offering your services to friends, family, and neighbors. Create flyers, business cards, or a website to advertise your services.
- Set Your Rates: Determine the rates for your services based on the cost of materials, your skills, and the time you spend on a project. Be competitive but don’t undervalue your services.
By following these steps, you can start a successful home renovation side hustle and make money doing what you love.
How Much Money $$$ Can You Make with a Home Renovation Side Hustle?
The amount of money you can make with a home renovation side hustle varies widely depending on your experience, skills, location, and the demand for renovation services in your area. Some people make a few hundred dollars on the side by completing small renovation projects for friends and family, while others have turned their renovation skills into full-time businesses that earn them six-figure salaries.
Factors that will affect your income as a home renovator include the scope of the projects you take on, your hourly rate or project fee, your overhead costs (such as tools and supplies), and the time and effort you put into finding new clients and marketing your services. With proper planning, hard work, and a focus on quality, it is possible to build a successful home renovation side hustle that brings in a significant amount of extra income.
On average, home renovators can earn anywhere from $30-$100 per hour, with some high-end contractors earning even more.
5 Tips for Making Money $$$ with Home Renovation
- Start small and focus on one room or area at a time: Rather than taking on an entire house renovation, focus on one room or area and do it well. This will allow you to build a portfolio of completed projects to showcase to potential clients and help you build a reputation as a skilled home renovator.
- Be flexible & adaptable: Be open to working with your clients’ visions and needs, as well as adapting to changing trends and styles. This will help you stay in demand and increase your chances of repeat bussiness.
- Focus on cost-saving and energy-efficient improvements: Adding features like energy-efficient windows, insulation, and lighting can help homeowners save money on their energy bills, making these types of renovations more attractive to clients.
- Network & build relationships: Building relationships with suppliers, contractors, and other industry professionals can help you secure better deals and make it easier to take on larger projects. Attend trade shows, join local trade organizations, and attend networking events to meet new people and expand your network.
- Keep up with market trends: Stay current on the latest styles, materials, and techniques in home renovation. Attend workshops and conferences to learn new skills and stay ahead of the competition. Keep an eye on home renovation and design websites and magazines, and join online forums to stay up-to-date on industry trends.
How to Market Yourself as a Home Renovator
Marketing yourself as a home renovator is a key step to making money with your side hustle. Here are some tips for effectively marketing yourself as a home renovator:
- Establish an Online Presence: Creating a website and social media accounts can help you reach a wider audience and showcase your skills, services, and portfolio. Make sure your website is visually appealing and easy to navigate, and that your social media accounts are professional and updated regularly.
- Network: Attend local home and renovation events, meet with contractors, and join online forums and groups to build your network. Word-of-mouth referrals are often the most effective form of advertising, so be sure to always provide high-quality work and excellent customer service.
- Offer Free Consultations: Offer potential clients a free consultation to assess their renovation needs and provide a proposal. This not only shows your expertise, but also helps build trust and establish a relationship with potential clients.
- Focus on Your Unique Skills & Services: Identify what sets you apart from other home renovators and focus on promoting those skills and services. This could include your ability to work with a specific type of renovation, such as kitchens or bathrooms, or your use of eco-friendly materials.
- Partner with Other Professionals: Partner with architects, interior designers, and other home improvement professionals to offer a full range of services to your clients. This can help increase your credibility and expand your reach.
By following these tips, you can effectively market yourself as a home renovator and reach more clients for your side hustle.
How to Avoid SCAMS and Find Legitimate Home Renovation Opportunities.
When starting a home renovation side hustle, it’s important to protect yourself from scams and find legitimate opportunities to work on. Here are a few tips to help you do that:
- Do your research: Before accepting any job, research the company or individual offering it. Look for reviews, check their website and social media, and make sure they have a solid reputation.
- Get everything in writing: Make sure you have a written contract that outlines the scope of the work, the budget, and the timeline. This will help protect you in case of any disputes or misunderstandings.
- Don’t pay upfront: Don’t agree to pay for materials or services before they have been delivered. This can help protect you from scams that ask for payment up front and then disappear.
- Use licensed contractors: Make sure that any contractors you hire are licensed and insured. This will ensure that they are qualified to do the work and that you’re protected if something goes wrong.
- Get referrals: Ask for referrals from friends, family, and other professionals you trust. This can help you find reliable and trustworthy contractors and can help you avoid scams.
By following these tips, you can help ensure that you find legitimate opportunities to work on and that you’re protected from scams in the home renovation industry.
In conclusion, making extra money $$$ with home renovation as a side hustle can be a great way to supplement your income and utilize your skills and passion. By understanding the start-up costs, skills you can offer, and how to market yourself, you can turn your home renovation skills into a successful side business.
Additionally, by being mindful of scams and seeking out legitimate opportunities, you can ensure that your side hustle is both lucrative and ethical.
Whether you’re just starting out or are looking to take your home renovation business to the next level, there is a wealth of resources available to support you in your journey.
Online Home Renovation Resources
Here are some online resources for home renovation:
- HomeAdvisor: https://www.homeadvisor.com/
- Houzz: https://www.houzz.com/
- Lowe’s: https://www.lowes.com/
- The Home Depot: https://www.homedepot.com/
- Angie’s List: https://www.angieslist.com/
- Bob Villa: https://www.bobvila.com/
- Home Improvement Pages: https://homeimprovementpages.com.au/
- DIY Network: https://www.diynetwork.com/
- This Old House: https://www.thisoldhouse.com/
These resources can provide information, inspiration, and access to potential clients for your home renovation side hustle.
Pocket Hustle Rating
Our Ratings are an evaluation of a number of key elements that determine the potential of a side hustle. We consider factors such as earnings potential, effort required to achieve success, and any initial expenses. Additionally, we assess the level of competition and the potential for growth and sustainability in the chosen field. It's important to note that while these ratings can serve as a useful guide, they do not guarantee success. Ultimately, hard work, passion, and perseverance are the key ingredients for success in any endeavor.
Potential Income (1 - Low, 10 High)
Time Needed (1 - Low, 10 High)
Startup Costs (1 - Low, 10 High)
Chance of Success (1 - Low, 10 High)