Profiting from the
Home Improvement Industry
The home improvement industry is in the midst of a significant upswing, fueled by a surge of homeowners keen to enhance their living spaces! This rapidly growing sector presents a golden opportunity for resellers and business owners, such as yourself, looking for quality wholesale inventory.
In 2020, the desire to improve and add value to homes was palpable, with 77.2% of individuals in the United States embarking on at least one home improvement project. Homeowners were particularly attracted to faucets, kitchen cabinets, and toilets, which topped the sales charts. Analysts forecast this robust trend to carry on, with projections suggesting that spending on owner improvement and repairs might skyrocket to an impressive $430 billion by 2022.
Cash in on this Lucrative Industry
This thriving market provides a substantial potential for you to tap into the lucrative home improvement industry. However, it’s important to note that certain factors could slightly curtail this expansive growth. These include rising costs associated with labor and construction materials, challenges in securing and retaining skilled contractors, and increasing interest rates making larger remodeling projects more financially challenging.
Nevertheless, homeowners continue to demonstrate an escalating confidence in investing in their homes. This is primarily motivated by a wish to increase property value, personalizing their spaces for optimal comfort, and aligning their homes to their specific needs.
Key Trends
A key trend we’ve observed in the home improvement space revolves around bathroom renovations. Homeowners are transforming these often-overlooked spaces into lush, spa-like retreats for hygiene and relaxation. Additionally, the pandemic has revived the art of home cooking, thus reigniting a keen interest in kitchen upgrades. Smart technology is also gaining traction, with nearly half of all home renovations featuring an upgrade to smarter, more efficient systems. Items like enhanced security apparatus, innovative lighting fixtures, entertainment systems, and climate control mechanisms are especially sought-after.
This increase in demand presents a unique avenue for resellers to reap substantial profits by purchasing wholesale tools and merchandise. If you’re considering diving into this vibrant market, there are myriad avenues to procure liquidated home improvement items and tools in bulk. From online marketplaces and traditional brick and mortar stores to swap meets, the opportunities are boundless. However, ensuring a successful venture into this sphere requires careful research on both the products and the market, as well as a solid reselling strategy.
As a leader in this field, we specialize in offering wholesale liquidation pallets and truckloads of home improvement tools and products. We invite you to visit any of our three nationwide locations to discover why an impressive 93% of our customers continually choose to shop with us. Let us provide you with the tools to seize this opportunity and thrive in the booming home improvement industry!
