Identification

• A home improvement business is a service that primarily focuses on the restoration, renovation or repair of all interior areas of a home, such as living rooms, dining rooms, bedrooms, kitchens and bathrooms. However, large, home improvement companies also undertake projects that involve exterior areas of the home. A professional home improvement business works in tandem with a qualified architect and interior decorator.
  
  

Significance

• A home improvement business has much significance in view of the fact that, most home owners, who have the financial resources, are known to go in for part or full renovation, restoration and repair of different areas of their homes. The reasons for this are to add to their convenience and comfort, and also to make their homes more attractive, friendly and livable.
  
  

Considerations

• There are various factors to consider before starting a home improvement business. For example, you must decide whether you'll be offering a "consultancy" or "referral" service, or a full-service, business that covers all areas of the home, including living rooms, dining rooms, bedrooms, kitchens and bathrooms. In case of the latter, you'll need to invest in an office, delivery van/truck, and a team of workers to assist you. Another point to note is whether you are fully conversant with current, federal and state laws governing home improvement businesses. Lastly, you'll also need to have a list of reliable, vendors from whom you could source a variety of home improvement materials.
  
  

Benefits

• Starting a home improvement business has several tangible and intangible benefits, apart from being a highly lucrative choice of venture, if managed professionally. Successful completion of a project will not only further sharpen your skills, but will also give you a sense of achievement and the confidence to undertake further, possibly more complex, projects. Moreover, homeowners satisfied with the quality of your work, will almost certainly recommend you to others. Publicity, generated through word-of-mouth, will be invaluable for the development and success of your business in the long run.
  
  

Size

• There are two ways to look at the size of a home improvement business. One is the scope and capacity of your intended home improvement business, in terms of your skills, financial resources, number of team members employed, and other tools, vehicles and equipment. The other is the size of the project or projects you will be capable of handling. For example, if you specialize in restoration or improvement of kitchens, it would be advisable to focus on this area of the home. Remember, when starting a home improvement business, you must ensure that the size of your business matches the size of the project you are capable of handling. This will be instrumental to your success.