Home improvement is a rapidly growing industry, with an increasing number of people undertaking projects to improve their homes.
In 2020, 77.2% of people in the United States carried out at least one home improvement project, with faucets, kitchen cabinets, and toilets being the most popular items sold. This trend is expected to continue in the coming years, with estimates suggesting that owner improvement and repair spending could reach as much as $430 billion in 2022.
This can create a massive opportunity to cash in on the home improvement industry!
However, there are several factors that may slow down growth in the sector, such as higher costs with labor and construction materials, difficulty in hiring and retaining contractors, and climbing interest rates making financing for larger remodeling projects harder to get. Despite these challenges, homeowners are becoming increasingly confident in investing in their own homes, driven by a desire to add value to their property and make it more comfortable and suited to their specific needs.
One of the most significant trends in home improvement is the desire to renovate bathrooms, turning them into comfortable and luxurious spaces for hygiene, relaxation, and meditation. The pandemic has also led to a resurgence in home cooking, driving renewed interest in renovating kitchens. There is also a growing trend in investing in smart technology, with almost half of all home renovations including a smart tech upgrade. Upgrades like enhanced security, lighting fixtures, entertainment systems, and climate control systems are particularly popular.
This uptick is providing a way for resellers to generate big profits off of buying wholesale tools merchandise.
When it comes to buying liquidated home improvement items and tools in bulk, there are several options available. Some of the best avenues for reselling them include online marketplaces, brick and mortar stores, and swap meets. To ensure success when flipping home improvement liquidations, it is important to conduct thorough research on the products and the market, as well as to have a clear strategy for reselling them.
We specialize in selling wholesale liquidation pallets & truckloads of home improvement tools and products. Stop by one of our 3 locations nationwide and see why 93% of our customers keep coming back for more!
