The Joint Center for Housing Studies at Harvard University projects that home improvements and repairs will cost nearly $420 Billion by 2020. There are many franchise opportunities in this industry, but Re-Bath is a customer-centric business with strong value. They can also custom-design solutions for certain situations and offer a range of services and products. Their experienced staff can install a new bathtub in a single day, making them an excellent choice for homeowners looking to remodel their bathrooms.
Re-Bath is the nation's biggest bathroom remodeling franchise. Recently, its parent company sold a portion to a New York-based private investment firm. The new owners will expand the business by buying exceptional franchisees, strengthening national corporate support, and maximizing opportunities with retail partners. The investment, which has already generated positive growth in the company's financial results, will enable Re-Bath to become a household name in the United States.
The Re-Bath brand is an extremely popular brand, catering to middle-income and high-end customers. Despite the popularity of bathroom remodeling, the industry is very fragmented. The industry is dominated and controlled by independent contractors. Re-Bath allows franchise owners to reduce project timelines by focusing their efforts on quality and efficiency. Franchise owners are able to focus on core competencies and still maximize their potential income by using Re-Bath's business model.
FAQ
How should home renovations take place?
You must decide where everything will go when you renovate your home. If you are looking to sell your property soon, you need to plan how you will present your home to buyers. The design of your living room, bathroom, and kitchen should be the first thing you think about. After you have selected the rooms you wish to renovate you can begin searching for contractors who specialize. Once you have hired contractors, you can start working on your remodeling project.
How do I choose a good contractor?
Ask your family and friends for recommendations when choosing a contractor. Also, look at online reviews. You should ensure that the contractor you select has experience in the field of construction you are interested. Refer to previous clients and verify their references.
Is it more expensive to remodel an existing house than to build one new?
Two options are available to those who want to build a home. You can buy a pre-built house. These homes are ready to be moved into and have already been built. You could also build your dream home. This option will require you to hire a builder in order to design and build your dream house.
How much time and effort you put into designing and planning your new home will determine the cost. Custom homes may take more work as you'll need to complete most of it yourself. You also have greater control over the materials and their placement. It might be easier for you to find a contractor who has experience building custom homes.
A new home is typically more expensive than one that has been renovated. You'll have to pay more for land and any improvements. In addition, you will need to pay permits and inspections. On average, the price difference between a new and remodeled home is $10,000-$20,000.
Is there anything I could do to save on my home renovations?
It is possible to save money by doing the work yourself. For example, you could try to cut down on the number of people you use during the renovation process. You might also look for ways to decrease the cost and use of materials in the renovation.
What should I do if I want to hire an architect/builder?
It may be simpler to hire someone to help you renovate your home. An architect or builder is a good option if you plan to buy a new house.
Is it better to hire a general contractor or a subcontractor?
It is more expensive to hire a general contractor than to subcontract. General contractors have many employees so often charge their clients a high amount for labor costs. A subcontractor on the other side only employs one person, so he/she charges less per-hour.
Statistics
- They'll usually lend up to 90% of your home's "as-completed" value, but no more than $424,100 in most locales or $636,150 in high-cost areas. (kiplinger.com)
- It is advisable, however, to have a contingency of 10–20 per cent to allow for the unexpected expenses that can arise when renovating older homes. (realhomes.com)
- Rather, allot 10% to 15% for a contingency fund to pay for unexpected construction issues. (kiplinger.com)
- According to the National Association of the Remodeling Industry's 2019 remodeling impact report , realtors estimate that homeowners can recover 59% of the cost of a complete kitchen renovation if they sell their home. (bhg.com)
- The average fixed rate for a home-equity loan was recently 5.27%, and the average variable rate for a HELOC was 5.49%, according to Bankrate.com. (kiplinger.com)
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How To
Do you prefer renovating exterior or interior?
Which should I choose first?
There are many aspects to consider when choosing which project should be started. The most important factor to consider is whether the building has been around for a while. It is important to assess the condition of the roof and windows as well as the doors, flooring, and electrical system. When the building is new, there are many things to consider such as its location, size, number, style, and so forth.
The roof should be the first thing you look at if the building's age is a concern. If it looks like the roof could collapse any minute now, you may want to start on the renovation. Next, you can check if your roof is okay. Next, check out the windows. If they are broken or dirty, then you might want them replaced before doing much else. After this, go through the doorways and make sure that they are clean and free from debris. You can now begin to install the flooring if everything looks fine. It is important that your flooring is strong and stable so that it will not give way no matter what you do. Now you can start to add the walls. Take a look at the walls to see if any cracks or damage are present. If the wall looks good, you can proceed to the next stage. You can now inspect the ceiling. Make sure the ceiling is sturdy enough to withstand whatever weight you place on it. Then you can start your renovations if all goes well.
If the building was new, you will want to inspect the exterior. Take a look at the outside of your house. Is it maintained well? Are there cracks anywhere? Does it look good? If your exterior isn't looking great, you should make some changes. You don't want your home to look poor. Next, make sure to check the foundation. You should repair any foundation that appears weak. Also, be sure to check your driveway. You want it to be smooth and flat. If it isn't, then you should probably fix it. You should also inspect the sidewalk while you're checking your driveway. You should replace the sidewalk if it's uneven.
Once you have completed these inspections, you can now move on inside the house. Start by looking at the kitchen. Is the kitchen clean and well maintained? If it is dirty or messy, you need to clean it up. Next, make sure to inspect the appliances. You want them to be in good order and working correctly. If they're not, you can either replace them or repair them. After this, check out the cabinets. Paint them if they're stained or scratched. You can then move on to the bathroom if they are in good condition. Here, check the toilet. If it leaks then it's time to replace it. If it's just dirty, then you should probably wash it. Next, check out all the fixtures. Make sure that they are clean. You should clean them if they are stained. The countertops should be inspected as well. If the countertops are cracked or chipped, you might want to repaint them. If they are smooth and shiny, then you should probably use some kind of sealant.
The final step is to inspect the furniture. Verify that everything is in good condition. If something is missing, then you should probably find it. It is best to repair any broken items. Once everything is in order, you can then move on to the next step.