Are you great at-home repairs and DIY and considering starting a handyman business? Well, you can’t go wrong in this line of work. Things often break down around people’s homes and commercial buildings, so a good handyman is always in demand. But how much can you make as a handyman?
An average handyman makes about $35000 to $38000 a year. But this could be more or less depending on their location and level of skill. Read on for more information about the handyman trade.
What Does A Handyman Do
Handymen are the people you call to fix broken things around your home or building. Many have trained as electricians or plumbers so they can fix things such as leaking taps, blocked
Sinks ad toilets, broken appliances, locks, etc. Handymen can also carry our home remodeling projects such as changing bathrooms, kitchens, and flooring. Handymen can either be self-employed or they can work for construction companies, apartment buildings, or property management companies.
To qualify as a handyman, you require at least a high school diploma as well as some training on an area of handiwork such as woodwork, plumbing, or electrical works. Employers also require at least a year of experience in maintenance work as well as communication skills, a driving license, customer service skills, and basic mathematical and computer skills.
Costs Incurred While Running A Handyman Business
As a handyman, you will incur some costs in the course of your business. These will eat into the profit you make at the end of the month. First of all, you will need to purchase the basic tools of the trade in order to be able to fix things. These tools include a power drill, cordless saw, screwdrivers, wire cutters, etc.
You will also need to pay for general liability insurance to protect yourself and your client’s against damages that may be caused by your repair work. Insurance can cost up to $87 a month. You may also need to engage the services of a lawyer to help you set up your business as a legal entity and even to help you draft your client contracts. Other costs that you may face include advertising, transport, and utilities.
How Much Does A Handyman Make
In general, handymen get paid by the hour, earning overtime for any work done out of hours or overtime. On average, they earn $17.88 per house but overtime work can lead to a great increase in the earrings.
Handymen can earn anywhere from $32,000 to $58000 a year. The amount one earns depends on their skills and experience, their specialization, and their location. Handymen in Texas earn $32000 a year on average whereas those in District of Columbia earn about $48,000 a year. Alaskan handymen are also paid quite well at $45,500 a year.
Handymen that specialize in electrical work tends to earn more than their colleagues. For example, handymen in the electrical generation industry earn $53,970 while those in the hospitality industry only earn $31,720.
The job outlook is good as it is projected that handymen positions will increase by 11% in the next decade. Qualified and certified handymen will get offered more positions so it is advisable to perfect your skills and get professional certifications.
For more tips on how to run a successful handyman business such as which blogs to read, apps you should download and even slogans you can use for your business, read the rest of our blog.