Coast to coast, the electrical services industry is seeing an increased need. During the pandemic, as millions of Americans were forced to stay indoors, many people gained a new affinity for their homes. While it was once a place to unwind after a long day at work, homes quickly took on new meanings, now working double as home offices.
While the remodeling industry found itself on an ever so slight decline in 2020, it’s predicted that homeowners will begin to seek out new remodeling services in 2021. Those who have found a new love for their homes will look for new ways to improve their space even more, as well as homeowners who have to discover more work is needed to achieve the optimal space. This includes electrical work, more specifically rewiring, maintenance, and the installation of new light fixtures.
According to research released by the Joint Center for Housing Studies of Harvard University, home improvement spending is on track to grow upwards of 13% in 42 metro areas across the country in 2021. In the study, the Sunbelt, which includes Oklahoma City, Tucson, Charlotte, Phoenix, and San Antonio is supposed to see over 9% growth alone. In another report, Houzz Inc., the leading platform for home remodeling and design, announced a 58% increase in US project leads.
What Does This Mean for The Electrical Service Industry?
Electricians are an essential business, not only for the remodeling process, but for the owners to keep their properties running smoothly around the clock. While Mister Sparky Electric has been able to preserve and grow our success before and throughout the shutdowns, we are excited about the opportunities in the upcoming year. Our electricians offer a variety of services that can be integrated into their remodeling process.
Some of the reasons include:
- Providing new home offices with power outlets
- Ensuring power is properly rewired
- Having new lighting fixtures installed
- Daily repairs and maintenance
- Electrical panel installation
Of course, these services are just the beginning as we help our franchise owners have constant, reliable revenue streams such as memberships and add-ons. At Mister Sparky, we provide our owners with everything they need to benefit from the increased need for electricians as the country begins to reopen and homeowners find themselves remodeling. Even if you have little to no experience, our team will teach you the ins and outs of running your electrical service company.
Explore Mister Sparky Franchise Opportunities
Whether you’re looking to convert your current business or start a new one that is locally owned and operated and backed by a national leader, reach out to us today. With owners across the country, we are excited to continue to expand to benefit from this great opportunity!