General Contractor License with Handyman designation (residential/commercial projects up to $10,000). Need to be licensed for swimming pool projects worth more than $5,000, residential projects worth more than $10,000, as well as commercial and industrial projects worth more than $50,000. If so, read through the steps below to discover how to establish a successful property maintenance business. Income generated from residential property maintenance has likely superseded this figure, but nonresidential services continue to drive industry growth.Ĭonsidering the demand for property maintenance services, you may be wondering how to get your own business up and running within the industry. In 2012, these accounted for 55% of the industry's total revenue. Non-residential property maintenance services are also highly sought after. Expenditure was highest in Portland, OR, and lowest in Fort Lauderdale, FL. In 2018, homeowners paid an average of $3,067 per year to have their properties maintained. Residential property maintenance work comprises a significant proportion of income-generating activities within the industry. ![]() ![]() Forecasts at the time suggested that the industry would grow to become a $176.5 billion market in 2017 and that it would exhibit continued expansion until at least 2022. In 2012, the outsourced services sector was worth $143.1 billion. The property maintenance industry is booming.
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