The Joint Center for Housing Studies at Harvard University estimates that spending on home repairs and improvements will reach nearly $420 billion by 2020. Franchise opportunities in this sector are plentiful, but Re-Bath stands out as a customer-centric company with a strong value proposition. The company can offer customized solutions and a variety products. The company's experienced staff can install a bathtub in one day. This makes them an excellent choice to homeowners who are looking to remodel their bathrooms.
The parent company of Re-Bath, the nation's largest bathroom remodeling franchise, recently sold off a portion of its shares to a New York private equity firm. The new owners will expand the business by buying exceptional franchisees, strengthening national corporate support, and maximizing opportunities with retail partners. Re-Bath, which already has positive growth in the company’s financial results, will become a household brand in the United States.
Re-Bath, a brand that caters to high-end clients and those with middle incomes, is very popular. Despite the popularity of bathroom remodeling, the industry is very fragmented. The industry is dominated and controlled by independent contractors. By focusing on quality and efficiency, Re-Bath helps franchise owners cut project timelines to a few days. Franchise owners can focus on their core competencies and maximize their income potential by using the Re-Bath business model.
FAQ
Is it less expensive to renovate an existing house or build a new one?
There are two options available to you if you're considering building a home. One option is to buy a pre-built home. These homes are ready to be moved into and have already been built. A custom-built home is another option. You will need to hire a professional builder to help design and construct your dream home.
How much time and money it takes to design and plan a new house will affect the cost. A custom home may require more effort because you'll likely need to do most of the construction work yourself. However, you have more control over what materials you use and where they are placed. It might be easier to find a contractor that specializes in custom-built homes.
A new home will usually be more expensive than a renovated home. Because you will need to pay more money for the land and any improvements made to the property, this is why a new home is usually more expensive. Additionally, permits and inspections will be required. On average, the difference in price between a new and remodeled house is $10,000 to $20,000.
What room do I need to remodel first?
The heart of any home's kitchen is its kitchen. The kitchen is where you will spend the majority of your time cooking, entertaining, or just relaxing. Start looking for ways that you can make your kitchen functional and more attractive.
Bathrooms are an important part any home. The bathroom provides privacy and comfort while you do everyday chores like brushing your teeth, shaving and bathing. If you want to improve the functionality and appearance of these rooms, consider adding storage space, installing a shower instead of a tub, and replacing old fixtures with modern ones.
Is it better to hire a general contractor or a subcontractor?
Hiring a general contract is typically more costly than hiring subcontractors. General contractors have many employees so often charge their clients a high amount for labor costs. Subcontractors, on the contrary, hire one employee and charge less per hour.
How do I choose a good contractor?
Ask family and friends for referrals when looking for a contractor. You can also look online for reviews. It is important to confirm that the contractor that you choose has worked in the same area as you. Request references and make sure to verify them.
Are you able to live in a renovated house?
Yes, I can live in a house while renovating it
Is it possible to live in a house with renovations going on? The duration of the construction works will affect the answer. If the renovation lasts less then two months, then it is possible to live in your home while it is being constructed. If the renovation takes longer than two weeks, however, you can't live in your home during the construction.
The reason why you should not live in your home when there is a major construction project going on is because you might get hurt or even killed due to falling objects from the building site. The heavy machinery and noise pollution at the job site can also cause dust and noise pollution.
This is especially true when you live in a multistory house. The vibrations and sounds that construction workers create can cause damage to your property and contents.
As mentioned earlier, you will also have to deal with the inconvenience of living in a temporary shelter while your home is being renovated. This means that your home won't provide all the amenities you need.
You won't be allowed to use your dryer or washing machine while they are being repaired. In addition to the unpleasant smells of chemicals and paint fumes, you will have to endure the noises made by workers.
All of these factors can create stress and anxiety for you and your loved ones. Therefore, it is important to plan ahead in order not to feel overwhelmed by the situation.
It is important to research before you start renovating your house. This will help you avoid costly mistakes down the road.
Also, it is a good idea to get professional help from a reputable contractor in order for everything to go smoothly.
What is the cost to renovate a house?
The cost of renovations depends on what material is used, the size of project and how complicated the job is. Some materials such as wood require additional tools like saws and drills while others like steel do not. The price of renovations depends on whether you hire a contractor to do the job or if you are willing to do the work yourself.
The average cost of home improvement projects ranges from $1,000 to $10,000. If you plan to hire professionals, the total cost would range from $5,000 to $25,000. On the other hand, if you decide to do the entire task yourself then the total cost could reach up to $100,000.
There are many factors that influence the final cost of renovations. The type of material used (e.g. You can choose between brick or concrete, and the size of your project as well. These factors must be taken into consideration when estimating the cost of renovation.
Are there permits needed to renovate my house
Yes. Permits will be required for any home-improvement project. In most cases you will need to have a building permit along with a plumber's permit. You may also need a zoning permit depending on the type of construction you are undertaking.
Statistics
- Most lenders will lend you up to 75% or 80% of the appraised value of your home, but some will go higher. (kiplinger.com)
- 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)
- 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)
- On jumbo loans of more than $636,150, you'll be able to borrow up to 80% of the home's completed value. (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)
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How To
How do you plan a complete home remodel?
It takes careful planning and research to plan a complete house remodel. Before you even start your project there are many important things that you need to take into consideration. The first thing you need to decide is what kind of home improvement you want to make. You can choose from a variety of categories, such as kitchen or bathroom, bedroom, living space, or living room. After you decide which category you want to work on, figure out how much you can afford to spend on the project. If you have never worked on homes, it is best to budget at most $5,000 per room. If you have experience, you may be able to manage with less.
Once you know how much money your budget allows you to spend, then you will need to decide how big a job it is you are willing to take on. If your budget only allows for a small renovation of your kitchen, you will be unable to paint the walls, replace the flooring or install countertops. On the other side, if your budget allows for a full renovation of your kitchen, you'll be able do just about any task.
Next, find a contractor who is skilled in the type and scope of work you wish to undertake. You'll get high-quality results and save yourself lots of headaches down the line. After finding a good contractor, you should start gathering materials and supplies. You may need to purchase everything from scratch depending on the size and scope of your project. However, you won't have to worry about finding the exact item you are looking for in the many pre-made shops.
After you've gathered all the supplies you need, it's time to begin making plans. To begin, draw a sketch of where you would like to place furniture or appliances. The next step is to design the layout of the rooms. Be sure to leave enough room for electric outlets and plumbing. Make sure to position the most visited areas close to the front door. Visitors can also easily access them. Last, choose the colors and finishes that you want to finish your design. To save money and keep your budget low, you should stick to neutral tones.
Now that you're finished drawing up your plan, it's finally time to start building! It's important that you check the codes in your area before you start construction. Some cities require permits. Other cities allow homeowners without permits. When you're ready to begin construction, you'll first want to remove all existing floors and walls. You will then lay plywood sheets to protect your new flooring. Next, nail or screw pieces of wood together to form the frame that will house your cabinets. The frame will be completed when doors and windows are attached.
There will be some finishing touches after you are done. You'll likely want to cover any exposed wires and pipes. Plastic sheeting and tape are used to cover exposed wires. It's also a good idea to hang mirrors and photos. Be sure to tidy up your work space at all costs.
You'll have a functional home that looks amazing and is cost-effective if you follow these steps. You now have the knowledge to plan a complete house remodel.