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Senin, 21 Juni 2010

Starting A Home Repairinspection Businesses (part 1)

By: Bill Henthorn

When buying or selling real estate, it is common for the buyer to request a home inspection in order to discover appliances or house mechanicals that could be potential problems. This would include items like the air conditioning system, the heating system, the plumbing system, the electrical system, the roof, the foundation, the outside paint or siding and other items that could need to be replaced. A handyman would be a good candidate to own such a business. There are private and franchise home inspection companies that either could be started from scratch or purchased as an existing business. The advantages of buying an existing business are the clientele that comes with the business. It is also easier to continue on the path to a successful operation with the purchase of an existing business.

The other avenues for a good handyman are the need for home repairs as well as inspections. These businesses are always in demand as there are always people who cannot do their own work and need to hire it out to a professional. There are a multitude of repairs and improvements that are consistently needed around a home. This constant need by homeowners makes for a never-ending group of clients that need something done. The lack of prospects that need work done is not likely to happen in any city. The problem for a new repair company or inspection company is that they are not well known when they open their doors. A franchise operation alleviates this a little, as the franchise name may be well known. A private named company has to dig for its clients at first. This will entail a serious amount of time advertising and prospecting. This could be another reason to consider buying an existing business with a good reputation.

A part time handyman may be able to start a full time business with greater ease since they do have some clients that can refer them to others. They do have some people who know the quality of their work and they do not start out as a complete unknown.

As with all other business purchases, the buyer of an existing business does pay for the reputation and client list of an existing business. This adds to the startup cost of the business, but it may be quickly covered by the existing clients' need for work. The purchased business could also work only with rental companies and apartment owners, instead of private parties. or home owners. Rental property work is a very special area of the repair business. These clients are sought after and always in need of help if they have a number of properties under management. The competition to land these clients is going to be substantial as these are considered bread and butter clients. Since these management companies have numerous client owners, they are excellent sources for repair work. The big plus for the repair company is they only have to make the sale to the manager of the rental company.


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