I just wanted to say that this is a great group. I have a question
regarding careers involving home improvement. If one likes home
improvement projects and fixing up old homes what kind of full time
career is available? I assume a generic track would be to pursue a
handyman and/or a general contractor career. How much money could one
make doing home improvements? Am I on the right track or is home
improvement not feasible to make a stable career and living??
Well, carpentry and other specialties, of course. I know of several
people for whom this is a second career, after spinning out of the white
collar office job market for one reason or another. You can work for
yourself (or more accurately, for 100 bosses instead of just one!), be
outside a lot, and you get to claim a tax deduction for everything you
buy at Home Depot, too.
But probably the most feasible for most people is to pursue a side
career of real estate investment. Serial home remodelings, profiting on
each one, or rental property improvements, are both methods with great
tax advantages and long-term stability.
Depends on how good you are. I know of one that I worked with part time
that made well over 100k a year and that was 25 years ago.
He contracted out most plumbing and electrical, but did most of the brick
laying, framing, finish carpentry, did his own design and drawings. The
amazing part was that he could do each of the skills as well as the top
specialist in a particular trade.
He did not bother with doing aluminum siding as there was not enough money
in it and siders were cut throat in pricing. Same with roofing. The money
was in doing things like converting a house to a doctor's office. That
would sometimes mean ripping the entire front off a building and starting
over, as well as all the interior rooms needed building to specialized
Kitchen remodels are big $ also. Gut the entire kitchen to the studs. He'd
even pick out the cabinets for those that had no clue as to style.
Sadly, he was sidelined due to health. Even then, a wealthy man wanted
special trim in his home and could find no one that knew how to do it. He
paid to have this guy picked up in the morning and brought to his house to
show a finish carpenter how to do what he wanted and supervise, then he'd
have him taken home.
He sure had talent. While a lot of knowledge did rub off on me, the talent
in his hands could not be taught. You have to be born with it. If you have
that ability, you will never be out of work and will always make a good
living. And you'd never have to take a job cheap just to get work.
If you are dependable and fairly good, I would think that within a few years
you would have more business than you could handle.
The Handyman / Home Improvement area is overpopulated with people who:
A: Don't know what they are doing.
B: Are highly unreliable due to problems with alcohol, drugs or just a
shitty work ethic. They get a few bux in their jeans and you can't find
them unless you scour the local taverns.
C: Are terrible money managers and do not pay their bills for the materials
they buy. If the Supplier delivered the materials to the jobsite, he may
put a lien against your home for the Contractor's non-payment.
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