A Growing Market: 9 Key Home Services Industry Statistics

People need help at home or to remain at home, and the home service industry is changing to reflect that. According to Gitnux Marketplace Data, the global home industry market was over $280 billion. The same website predicts that the industry’s future will be promising, as it is projected to reach $1,133 billion by 2027. Here are details of how some of its prominent sectors are currently emerging in the home industries market:

1. Cleaning Your Kitchen

Kitchen cleaning services are not a new type of business, but the nature of that business has changed as requests for providing “green” local kitchen cleaning services have increased. According to The Spruce, green cleaning services will primarily use products containing baking soda, vinegar, and lemon juice, and avoiding toxic chemicals. Residential kitchen cleaning will primarily clean and sanitize the surfaces of your kitchen that relate to storing, preparing, and eating food. The cleaning will extend to appliances, walls, cabinets, and floors.

Kitchen cleaning services are also offered for commercial kitchens. Some cleaning services will provide services only to residential clients, as commercial clients need kitchen cleaning services, too. Commercial buildings damaged by flood, fire, or mold will need specialized types of kitchen cleaning services. Those services are called kitchen restoration and are best undertaken by professional cleaning companies.

Workers undertaking kitchen cleaning services don’t typically need complicated equipment or supplies. Skilled cleaning professionals use cleaning supplies, solutions, and simple equipment like mops, sponges, and cleaning cloths. According to Get Jobber and home services industry statistics, the national average fee that a kitchen cleaning professional might charge is $175 – $500 per home.

2. Keeping Carpets Clean

According to Next Insurance, carpet cleaning services are a recession-proof business. Carpets may be present in residences or businesses, and both types of jobs will need similar equipment and skills. Homeowners can vacuum their own carpets and even rent carpet steamers, but the methods and solutions used by professional carpet cleaners will go beyond mere cleaning. Residential carpet cleaners typically use a two-headed power vacuum and industrial-strength cleaners.

According to Protech Carpet Care, professional cleaning will also remove allergens and bacteria from carpet fibers. The removal of those particles is especially important for homes with children and for businesses where children crawl and play on the carpets. Professional carpet cleaners can also treat carpets with a protective coating after the carpet dries. Those protective coatings can prevent stains from permanently ruining the carpet.

The coatings can also prevent damage to the carpet from foot traffic or spills. According to Forbes, residential carpet cleaning can range from $115 to $259. A residential carpet business can succeed with just one or two employees. According to Desert Oasis Cleaners and home services industry statistics, a commercial carpet cleaning service could typically charge up to $0.20 to $0.25 per square foot for their cleaning services.

3. Maintaining Home Comfort

Homeowners have many responsibilities for keeping their homes safe and comfortable. Working with a professional HVAC contractor will typically also provide the house with annual HVAC inspections, appliance cleaning, and maintenance services. The annual heating and cooling systems inspections could alert the homeowner to any upcoming repair needs. For example, an inspection might discover the home will require a new heater or air conditioning repair.

Commercial managers have also found benefits to having a contract with a commercial HVAC service. When a business needs an air conditioner or heating unit installed, having a contractor that is already familiar with the company can be advantageous. Businesses should also arrange for an annual HVAC inspection. Some HVAC contractors specialize in commercial clients and have acquired experience handling larger-scale contracts.

An HVAC contract can be considered an investment for residential and commercial clients. According to Today’s Homeowner and Home Services industry statistics, a residential HVAC inspection costs between $75 and $500. As for a commercial HVAC inspection, according to Home Guide, an annual HVAC inspection would cost between $150 to $500. In addition to annual inspections, having a contractor familiar with your home or business will become helpful when you need HVAC repairs.

4. Unclogging Your Pipes

Another system necessary for home and business maintenance is the plumbing system. A plumber is typically used for routine plumbing repairs or installations for residential services. According to Beehive Plumbing, a plumbing contractor would be contacted for more complex plumbing problems like water supply issues or septic tank problems. Both plumbers and plumbing contractors will require a license to work.

Businesses of any size will need to occasionally work with plumbing contractors. Small companies will typically contact a plumber on an as-needed basis. If a business is large enough, they may decide to establish a contract with a plumbing contractor. A commercial plumbing contractor frequently works in buildings that include multiple sinks or restrooms.

According to Home Guide, a plumber would typically charge $50 to $200 per hour for a routine repair visit. Home services industry statistics report plumbing fees vary because some plumbers prefer billing by the hour, while others charge per service – such as toilet repair or sink clogs. A commercial plumber would typically bill at an hourly rate. According to Angi, a commercial plumber would charge an average fee between $80 to $100.

5. Covering Your House

Your home needs a strong, intact roof to protect you and your family from exposure to the elements. If you are directing a new home build, according to Peak Construction, you will get the best ROI (return on your investment) by using asphalt shingles for the roof. However, the same website notes that, by choosing metal shingles, you would be choosing a ‘greener’ method instead. In addition, tax rebates are given in some states for the use of similar eco-friendly materials.

Business maintenance managers often turn to commercial roofing contractors for help with their roof maintenance needs. Commercial roofing jobs are typically best left to professionals. According to Greenwood Industries, the best way to extend the life of your commercial roof is with a proper roof maintenance schedule. Home services industry statistics report that annual inspections are often a condition of commercial insurance and can also alert the business manager to repairs that must be made.

According to Home Guide, a visit from a roofer for a home roof repair job would cost anywhere between $150 to $1000 – depending on what must be done. The website reports that an annual residential roof inspection will cost $100 to $400. A business manager who works with a contractor will want to schedule a yearly inspection for the roof of the business. According to Roofcorp, an annual commercial roofing inspection would cost anywhere from $200 to $600.

6. Protecting Your Home

Many homeowners decide they want their properties to be surrounded by a fence. According to Green Gates, the most frequent reason for home fencing is to provide the home with a barrier of security and safety. However, some homeowners install fences because they like how they make their property look. The best and safest way for a homeowner to have a fence installed is to work with a team of local fence installers.

Many businesses also want a fence for their properties. Fences are often considered necessary to maintain their businesses’ privacy or safety. They can also help promote the company’s brand by providing a boundary that enhances the property’s appearance.

According to Home Guide, installing sa wood or vinyl fence costs approximately $20 to $60 per linear foot. Sam’s website reports that the total cost of a residential wall would be $4000 to $12,000. Home services industry statistics reveal that daycare businesses especially need the privacy a fence would bring. A financial institution would benefit from the security a fence provides.

7. Providing Protective Flooring

Every home needs flooring, and homeowners prefer that some rooms have waterproof flooring. Rooms that are at risk for wet conditions, like laundries, bathrooms, or mud rooms, are the most frequent places where waterproof flooring should be installed. One of the most significant advantages of waterproof floors is the ease of their cleaning. According to Rainbow Stores, waterproofing flooring is done with caulking in the cracks and a silicone coating.

The other advantage of waterproof floors comes from their ability to resist moisture. Too much moisture can put a house at risk for mold infestation in most homes. In addition, too much moisture can cause warping or buckling to hardwood floors. There are non-waterproof flooring choices available, such as ceramic, stone, and porcelain tiles, without waterproofing.

According to Forbes, installing tile flooring can cost $350 for a small room – like a bathroom. However, the same site reports that the cost could be as high as $10,000 for high-end porcelain tiles. Home services industry statistics show that the vast price difference will depend on the materials used, the room size, and the labor costs. The information on the Forbes website estimates labor costs for a floor tile installation at $40 to $120 per hour.

8. Documenting Farm Administration

Today’s farms require complex management, which requires many different skill sets. Successfully managing the operations of today’s farms requires plant science, climate, pest control, and animal management knowledge. Many people use farm property management software to assist with overseeing the farm’s day-to-day operations. According to MGW Services, the primary purpose of a farm management system is to allow the farm owner to formulate their goals for the farm.

Aspects of farm management can include soil evaluation and crop planning, as well as advising on which types of equipment the farm owner should purchase. Most farm management companies employ experts in the many aspects of farm management. Some farm owners will hire a consultant to examine the layout of their farm and test your soil for its mineral content so they can advise you on the correct type of fertilizer for your farm. Veterinarians would be necessary to examine your animals and advise whether they will need any health interventions.

Home Services industry statistics show that, according to McKinsey & Company, over 50% of today’s farms use farm management software. The same site reports that half of today’s farmers use upgraded or computer-generated farm machinery. According to TractionAg, a basic farm management software program would start at $950 per year, while a Pro package is available from $3800 per year. These programs are often made available at no cost during a trial period. According to Thiel Farm Management, hiring a manager to manage your farm directly would cost approximately 5% to 8% of the farm’s gross income.

9. Helping Transfer Your Timeshare

Although many families or individuals purchase a timeshare and enjoy its use for recreational purposes, others decide to transfer it. To make a transfer, an owner must first find someone who wants to buy their timeshare and then agree on a price with them. After the agreement, transfer paperwork must be signed by both parties involved, and the signed paperwork must be sent to the timeshare company.

The terms of a legal timeshare transfer can become complicated. Therefore, many owners who want to transfer their timeshare ownership will contact a timeshare transfer company. These companies will guide you through each step of the transfer process. Home services industry statistics report that these transfer companies recommend an attorney’s services or have one on staff.

The transfer transaction is only considered complete once the timeshare company receives and acknowledges the paperwork. Remember that the timeshare ownership company will sometimes charge a fee in addition to the transfer management companies. According to Quicken Loans, the average cost for a timeshare was almost $24,000 in 2022. According to the Motley Fool, timeshare owners would pay between $3000 and $15,000 to a timeshare exit company.

According to Gitnux Management, home services industry statistics show that the U.S. home service industry is currently generating $400 billion in annual revenue. The same website reports that the companies involved in those businesses cite that their biggest challenge is finding enough qualified employees. With statistics like that, it’s easy to see why the demand for home services has increased. For most of us, the price we pay for these home services is an investment we will gladly pay to live our healthiest lives.