If you were thinking about investing in a franchise, the home services industry is proving to be an excellent high growth industry with many franchise opportunities serving that market.
A home services franchise is any franchise business that helps residential homeowners maintain, care for or improve their homes. Just as there are many things that need to be taken care of in a home, there are many sectors within the industry designed to meet those needs. Service-driven businesses contribute to nearly 60% of the world’s economy each year and unlike businesses that only offer a product; the demand for professional services is consistently higher by comparison.
According to LIRA, the Leading Indicator of Remodeling Activity, annual spending growth from the first quarter of 2016 to the third quarter, is expected to grow to more than 7.6%, from 4.3% at the year’s start. This is trend is on track to be the highest growth since 2006.
The Leading Indicator of Remodeling Activity is a study released each year by the Joint Center for Housing Studies (JCHS) at Harvard University. Chris Herbert, Managing Director of JCHS, says the report ties directly to the real estate market. The study is designed to estimate national homeowner spending on improvements for the current quarter and subsequent three quarters. The indicator, measured as an annual rate-of-change of its components, provides a short-term outlook of homeowner remodeling activity and is intended to help identify future turning points in the business cycle of the home improvement industry.
“2016 is looking to be a stronger year for home renovation activity compared to 2015 thanks to the continued recovery in the owner-occupied housing market,” Herbert said. In most markets across the country, rising house prices are bring more to the market and increasing sales, which are a large driver of home improvement activity, said Herbert.
This report confirms what Skedaddle Humane Wildlife Control has known for 27 years; that people invest in their homes, even in tough economic times. Also, wildlife does not abide by market trends or fluctuations, raccoons and urban wildlife are here to stay. Raccoon populations in some cities are roughly 150 per square kilometre. Urban expansion is only increasing the numbers of wildlife species adapting to urban environments and the conflicts that inevitably arise.
The combination of the need for homeowners to protect their investment in their homes combined with rising urban wildlife populations makes a Skedaddle Humane Wildlife Control franchise a sound investment and great opportunity for people looking to be in business for themselves, but not by themselves.
Whether you are a millennial with an entrepreneurial spirit or a baby boomer looking to secure a solid retirement and get out of the 9-5 grind, franchising can be the change people are looking for to take control of their own lives and destiny.
If you want to learn more about joining Skedaddle Humane Wildlife Control, we invite you to start the process by calling 877-662-2877 or visiting www.skedaddlefranchise.com