Construction Based Business Ideas for Handy Entrepreneurs
Thinking of starting a construction based business, but not sure where exactly to start? To arrive at the best decision, you have to consider several factors, such as the amount of investment you’re willing to make, the type of activities your company will be engaged in, and the services you would offer. Before making the final decision, you should review the best construction based business ideas to see what aligns with your preference. The good news is that if you make the right call, you should be able to find a lucrative business idea that rewards you handsomely. Read on to find some of the best construction based business ideas you need to know about.
Flooring Contractor
When you’re a flooring contractor, your business will be involved with the installation, repair, and maintenance of floor surfaces in residential homes and commercial buildings. You can provide a wider range of services when you choose this type of business. For instance, you can offer concrete services, or you can specialize in different materials, such as hardwood, vinyl, or linoleum. Homeowners and property managers can contact you for services such as carpet installation, flooring tear-out services, as well as repair, removal, and replacement of floors.
As a flooring specialist, you should consider the benefits of specializing in just a few services versus working on any kind of flooring needed for a particular project. When you’re a flooring contractor, you should also be willing to work with other tradespeople that complement the services you’re offering. For instance, you can partner with a remodeling contractor. Therefore, it’s essential to know how to network if you want to bring more business to your door.
Parking Lot Construction
As the name suggests, a parking lot construction company specializes in the construction and maintenance of paved surfaces. They largely deal with commercial clientele since this is where most of the work can be found. Most commercial buildings come with a parking lot that needs to be well-maintained in order for the business to run smoothly. For instance, a prospective client can approach you looking for asphalt paving services to get rid of the potholes and cracks in their parking lot.
As a parking lot construction company, you can provide services, such as parking lot construction and paving repair of damaged paved surfaces and curbs, full resurfacing of paved surfaces, plus more. You can specialize in offering concrete or asphalt services or both. This is one of the best construction based business ideas because some of the projects can be large-scale and thus have a higher ROI. In addition, because paved services require regular maintenance, there will always be a need for your services.
Roofing Contractor
Roofing contractors are generally in demand, so as far as construction based business ideas go, this one should be toward the top of your list. The trick is to ensure you’re one of the best roofers in town because this is what people look for when they need the services of a roofing business. As a roofing contractor, your services can include roofing repairs, installation, and maintenance. Roofing repairs usually make up the bulk of business as property owners constantly look for professionals to repair leaks, sagging, or damaged shingles.You can also provide installation services to property owners who have recently purchased a new roof. Roof installation services can be specialized, such as when you only focus on installing one type of roof. For instance, a metal roof contractor specializes in the repair and installation of metal roofs. However, you might have more business if you have the expertise to work with a wide range of different roofing materials and structures.
Construction Equipment Rentals, Sales, and Leasing
The construction industry involves a wide range of heavy equipment, such as excavators, loaders, bulldozers, graders, trenchers, and backhoes. Therefore, starting a heavy equipment rental business is usually a good idea. You can also expand your services to include sales and leasing. That way, if someone is looking for the best pre owned forklifts for sale or they’re looking to lease heavy machinery, you’ll have more business coming your way.
Construction equipment rentals, sales, and leasing is considered one of the best construction based business ideas because there will always be a need for heavy construction equipment. To expand your services, you can even include heavy equipment service, maintenance, and repair. So this is the type of business that has plenty of room for growth. The advantage of offering a wide range of services such as rental, sales, leasing, repair, maintenance, and service of construction equipment is that you can cater to a wider client base, and this can be highly profitable.
Landscaping Services
Opening a landscaping company is one of the most profitable construction based business ideas you can choose. That’s because there’s a wide range of services you can provide and most of them are quite popular. You can start out small by offering simple services, such as mowing the lawn, and you can eventually expand to increase the scope of your projects. Large scale landscaping projects can include creating and maintaining beautiful landscapes, constructing water features, and focusing on more sophisticated landscape architecture.
As with most construction based businesses, you can provide commercial landscaping services or residential landscaping services. The list of landscaping services that you can provide is quite comprehensive and includes landscaping design and hardscaping services such as deck, patio, and fence installation. Softscaping services include activities like planting shrubs, trees, and flowers, installing artificial turf, grading, and tree removal. On top of that, you can offer specialized lawn care services, such as mulching, dethatching, and weed control.
Home Repair Company
Home improvement projects are quite popular among homeowners, so it’s highly likely that a home repair company will be profitable. At any given time, most homeowners can find areas around the home that require the services of a home repair company such as yours. Most general home repair businesses focus on small to medium-sized projects that don’t require any specialized tools or knowledge. These projects can include repairing things like appliances, electricals, windows, plumbing, and doors.
There’s usually no shortage of these types of repairs, so if you know how to market your business well, it’s possible to make a quick profit soon enough. When you’re hiring staff for your business, you’ll have to focus on hiring handymen that are skilled at property maintenance and performing tasks like replacing doors, fixing locks, and patching up roof leaks. Generally speaking, home repair is big business, and if you specialize in a wide range of services, you can expect to end up with a profitable business.
Brick Manufacturing
Before you dive into the details of brick manufacturing, it’s essential to know that the startup costs for this business can be quite high since it includes renting enough land and the cost of equipment and raw materials. That said, a well-operated brick manufacturing business can offer a high return on investment, so the investment might be well worth it. One thing you can be sure of is that the demand for quality bricks in the construction industry will remain high for a long time to come. If you play your cards right, you can build quite a successful venture. However, you must first do your research so that you fully understand the process of manufacturing bricks. This can include activities like processing raw materials before setting, drying, firing, and packaging the bricks.
Construction Cleaning Company
There are many advantages of starting a construction cleaning company. This is usually a much-needed service because most construction contractors don’t include this as part of the services they offer. Most people want to avoid the hassle of dealing with a construction accident attorney, so your services will be in demand if you have a reliable cleanup crew. As a construction cleaning company, you can offer services, such as debris removal, to ensure that the construction site is as safe as possible and to minimize the risk of accidents.
Another advantage of starting a construction cleaning company is that the startup capital needed isn’t much, and you don’t need to provide specialized or skilled labor. In addition, you can choose to work with both commercial and residential clients.
Waterproofing Services
People hire a waterproofing company for various reasons, such as when they need water damage remediation or are interested in preventing water damage to their homes. One of the most popular services offered by a waterproofing company is basement waterproofing. This is designed to protect basements from water damage. The process involves activities like excavation, repair of foundation cracks, and installation of drain tiles. Depending on the type of waterproofing services, you can use different approaches to ensure people’s homes are dry when they need to be.
As a waterproofing company, your reputation lies in hiring professionals that can perform a thorough inspection and spot the signs of damage. That way, you can address any potential issues to ensure that the customer is always happy with your work after you leave. You should also hire professionals that identify basement water threats affecting the foundation. Besides the basement, other areas of the home where your services might be required include the roof, crawlspace, and the exterior walls.
Swimming Pool Construction
When you start a swimming pool construction business, your services don’t have to be limited to swimming pools. Instead, they can include any large water equipment, be it a hot tub, spa, or a fountain. The list of services you provide can include pool repairs, renovations, maintenance, cleanings, or remodels. In addition, it’s up to you to decide whether you want to offer commercial or residential pool cleaning services.
Whether you’re catering to commercial or residential pool owners, the services you provide can further be broken down into checking pool water chemistry, installing safety devices to protect pool users as well as installing pipes, filters, and pool heaters. This is one of the easiest construction based business ideas because no formal education is required for you to start your business. To expand the range of services you provide, you can focus on installing different types of large water equipment, such as above-ground and in-ground swimming pools.
How to Get Started With Your Construction Based Business
Once you complete your analysis of these construction based business ideas and have made your final choice, the next step is working to start up your business. By now you should have some details about what your company is supposed to do and the services they have to offer. That said, there are always more details to uncover, so you need to research your niche in the construction industry as thoroughly as possible. One of the first things you need to research is the type of customers that are more likely to sign up for your services and whether or not they’ll be businesses or individuals.
Another important area you need to research is your level of competition. When you analyze your competitors, you can always find a need that’s not being fulfilled. This should be where the strength of your company lies. Other steps that you need to complete to get your construction business started include creating a business plan, finding the best local business premises, and obtaining the permits, certifications, licensing, and other paperwork you need to stay compliant. In addition, you should ensure that you understand and fulfill all your tax requirements and insurance responsibilities. If you need more capital to get the ball rolling on your business, consider networking with investors and approaching financial institutions for financing. After hiring your staff, you also need to create and implement an advertising and marketing strategy to help you attract more clients and expand your business.
As you can see, there are many construction based business ideas you can explore, and most of them are highly profitable. This article also looked at how to get started with your construction business. So after reviewing these construction based business ideas, decide on the best option for you.