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Remodeling Project Management

About Startup Costs

The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.

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Business At A Glance

Remodeling Project Management

Startup Costs: $2,000 - $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.

About

Franchises Available? No
Online Operation? No

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Coordinate all the different people and companies involved in a remodeling project to keep homeowners happy.

Business Overview

Turn your knowledge of construction and home renovation into big bucks by starting a remodeling project-management service focused on helping clients to manage their home, office, or store renovations, but especially in the red-hot residential home improvement industry. Regardless of whether a homeowner tackles his own renovation job, or if a renovation company is hired to perform the work, a nonbiased remodeling project-management service can save thousands of dollars, while ensuring that all work conforms to code and that the highest-quality products and installations are used. This is especially true for homeowners doing their own work: What permits do they need and where do they get them? In what order is the job completed? And the granddaddy of them all: How much will the entire project cost, including possible extra charges to deal with unforeseen circumstances? These are common questions that project managers answer, along with attending to other duties such as contacting and screening potential trades, establishing budgets, signing off on materials and labor, and keeping the project on-time and on-budget. Remuneration is by way of a flat pre-quoted fee to oversee the entire project or portions of the project, or by using a percentage, such as 12 percent of the total project value.

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