Owning A Garage Remodeling Franchise: Top Trends Homeowners Want
Before investing in a garage remodeling franchise, it's important to know what homeowners are looking for. Learn about the top trends in garage design and storage.
The Industry at a Glance
A garage makeover franchise is part of the ever-growing and recession-resistant home services industry that isn’t subjected to seasonal interests. According to a Grand View Research report, the global garage organization and storage market size was valued at $23.3 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030.
The growth of the industry is primarily driven by an increase in the number of vehicle owners and rising disposable income, especially in high-income countries. Garage organization and storage systems allow customers to segregate their belongings neatly and conveniently. The garage area within freestanding households has evolved through time from a basic car parking space to a vast storage room that could store different vehicles, tools, and equipment used for both leisure and occupational purposes.
Making Garages Feel Like Home
Homeowners are increasingly looking for ways to organize their garage and make it a more functional space. This trend presents a great opportunity for investors who want to tap into the garage remodeling franchise market.
So, what are some of the top trends in garage remodeling that homeowners want? Let's take a look:
- Multi-functional Spaces: Homeowners are looking for garage spaces that can serve multiple purposes. In addition to storing cars, garages are being used as workshops, home offices, and even as additional living space. As a garage remodeling franchise owner, you should be able to offer solutions that cater to these varied needs.
- Smart Storage Solutions: With the rising popularity of smart homes, homeowners are also looking for smart storage solutions for their garages. This includes everything from smart shelving units to motorized bike racks. Offering these types of solutions can give you a competitive edge in the market.
- Sustainable Materials: Sustainability is a growing concern for homeowners, and this is true even in the garage remodeling industry. Homeowners are looking for eco-friendly solutions for their garages, including sustainable materials like bamboo, recycled plastic, and reclaimed wood.
- Minimalist Design: Minimalist design is also a burgeoning trend in garage remodeling. Homeowners want clean, simple designs that maximize storage space while still looking stylish. This trend is particularly popular among millennials who are looking for clutter-free living spaces.
- Customization:Finally, customization is becoming increasingly important to homeowners. They want garages that are tailored to their specific needs and preferences. As a garage remodeling franchise owner, you should be able to offer a range of customization options, from custom shelving units to bespoke flooring solutions.
When it comes to materials and styles for garage storage, there are a few popular options that homeowners tend to prefer. These include:
- Modular Cabinets: Modular cabinets are a great option for garage storage because they offer flexibility and customization. Homeowners can mix and match cabinets to create the perfect storage solution for their needs.
- Epoxy Flooring: Epoxy flooring is becoming increasingly popular for garage remodels. This type of flooring is durable, easy to clean, and can give a garage a sleek, modern look.
- Overhead Storage: Overhead storage is a great way to maximize storage space in a garage. Homeowners can install overhead racks for items like bikes, kayaks, and even holiday decorations.
- Wall Storage: Wall storage is another popular option for garage storage. Homeowners can install slatwall panels and hooks to hang everything from tools to sports equipment.
Stay on Trend with PremierGarage
To sum up, owning a garage remodeling franchise can be a lucrative investment offering products and services that cater to a range of needs. Homeowners are increasingly looking for ways to make their garages more functional and organized, and by staying on top of the latest trends, you can offer solutions that meet their needs. By offering multi-functional spaces, smart storage solutions, sustainable materials, minimalist design, and customization, you can set your franchise apart from the competition.
One thing about PremierGarage that sets us apart from the competition is that we stay on top of the latest trends and provide customized, innovative, high quality garage flooring and storing solutions tailored to all customers’ needs backed by a low inventory, high margin business model for our franchisees.
To learn more about building your own garage remodeling business with PremierGarage, inquire now.