Construction business ideas have been on the rise in the last few years, and that trend doesn’t seem like it’s going to stop anytime soon. As the economy moves in its current direction, construction business ideas will continue to proliferate, so it’s best to get started on your first rather than wait.
As the world becomes more urbanized, construction businesses are becoming an ever-more important aspect of our economy and society. Construction companies build the facilities and infrastructure that support every aspect of our lives, from roads to hospitals, from schools to offices to apartments and homes. As the world population continues to increase, people will need more and more of these structures to live comfortably and safely. Fortunately, there are many ways for you to get involved in this industry!
To succeed in this industry, it’s important to choose your business idea wisely, execute your plan well and remain on top of industry trends. Here are 30 construction business ideas you can start to make a lot of money as early as 2022.
1. Luxury HomeBuilding.
Construction is a profitable industry, and luxury homebuilding is one of the best construction business ideas for 2022. Luxury homes are always in high demand, so building them is a great idea. Luxury homebuilders are quickly becoming the gold standard for high-end developments. Some luxury homebuilders, such as Pulte Homes and Lennar, have developed their niche by focusing exclusively on luxury homes.
Building a luxury home can vary from $200,000 to $300,000. However, due to recent trends in consumer demand for luxury homes with higher-quality finishes and materials, this price range has increased by about $50k over the past few years. Luxury homebuilders have also increased their prices by about 10% since the housing crash of 2008 because of market value and consumer expectations.
2. Prefabricated Home Construction
Prefabricated homes, such as MODULAR HOMES and custom-built manufactured homes, are some of the best Construction Business Ideas that not only yield higher profit margins but also help with efficiency and time management. Prefabricated homes have a low cost and can be constructed quickly, providing an affordable alternative for budget-conscious homeowners. You needn’t worry about waiting for years or even months after sending your payment for your home. Unlike traditional construction, which will take several months, if not years, depending on the state of the current housing industry in that location, prefabricated homes can be constructed within 90 days at most.
3. Tiny Home Construction
A variety of construction businesses can provide huge profits for the construction worker. One of these is tiny home construction. It’s not that difficult to set up a tiny home construction company, and it’s perfect for those who want independence but not isolation. With the average person paying $1,500 a month on rent and this increasing, it’s no wonder people are turning their hands towards building their own homes. Tiny home construction is an investment worth considering.
4. Passive Home Construction
One profitable construction business idea that has been growing in popularity is passive home construction. Passive home construction allows builders and developers to capitalize on higher margins generated by this specialized niche. Passive homes are typically built using a framing and panel design, where prefabricated panels form the house’s exterior wall, roof, and floor structure. The high-efficiency components allow for a more sustainable building approach as well. While your profit margins will be lower with this type of home construction, this is still one of the most profitable construction business ideas in 2022 if you have the skill set or training.
5. Off-grid Home Construction
Off-grid home construction is one way to tap into the booming eco-friendly niche market. More and more people are building environmentally friendly homes, whether log cabins or tiny houses. High upfront costs and startup requirements are associated with the project, but overall, this is a profitable and relatively low-risk construction business idea. Building off-grid houses mean customers will want additional services like furniture, so you may easily sell them other goods for your storefront.
6. Shipping Container Home Construction
Shipping container homes are a hugely profitable construction business idea that has been around for years. These homes have the power to provide low-income families with affordable housing solutions while also being green and environmentally friendly. With their versatility, these buildings can be easily used as mobile offices or multi-story apartments. Plus, they’re faster and cheaper to build than traditional houses and come fully finished with insulation and electricity installed.
More and more people are turning towards construction businesses like these, which can be lucrative for any entrepreneur looking for a new venture. Whether you want to start your own shipping container home company or just specialize in this particular niche of construction work, now’s the time to act!
7. Recycled Material Home Construction
If there’s one thing the natural disasters of 2017 have taught us, there’s a big need to build homes out of recyclable and environmentally friendly materials. With rising rates of natural disasters on the horizon, people are looking for safe alternatives. This can be a profitable construction business idea for a variety of reasons.
- First, homes built out of recycled material offer security from natural disasters and reduced energy bills due to their insulation properties – which means an increased profit margin.
- Second, with recycling becoming more mainstream than ever, this type of construction offers higher margins because there is less demand.
- Third, because these materials are cheaper to work with (since they’re more readily available), contractors can make a higher profit without increasing consumer prices.
8. Mobile Home Park Development
A mobile home park development is a construction business idea that involves transforming an existing parcel of land into a self-contained residential community consisting of mobile homes and the necessary infrastructure, such as roads, lighting, water service, and so on. Similar concepts exist for commercial properties like shopping malls or apartment buildings and non-residential spaces like office parks.
To succeed with this construction business idea, you will need strong leadership skills and knowledge about every facet of the industry, including permitting requirements. And while it may take time before revenue comes in due to high expenses during development phases like engineering plans or clearing land, you can expect revenues once marketing commences.
9. Storage Unit Construction
The construction of storage units has become a profitable construction business idea with the rising demand for storage spaces. The increased need for this construction work is because more people live in urban areas, meaning there is less space for people and their belongings. Storage unit construction can be done as a standalone product or as an add-on service when renovating existing structures. You can also provide additional services such as design and drafting, site inspection and clean-up, or general contracting services.
10. Green Home Construction
Creating green homes that conserve water, energy, and natural resources is a profitable and sustainable construction business idea. As the cost of living rises, this will appeal to many homeowners for several reasons. The materials used for construction are renewable, and green homes often have lower utility bills than traditional homes. Green home construction is also a good source of jobs for trained laborers as the industry expands over time.
In 2020, there were approximately 360 thousand jobs in the construction sector related to green home construction and design, which includes solar panel installation.
Because they take up less space and consume fewer resources, tiny homes are another profitable construction business idea to watch out for in 2022.
11. Home Addition Contracting.
Home addition contracting is a construction business idea that can be profitable if you work hard and market your services well. Many people would love more space, especially if they have children or need room for entertaining. Home additions allow homeowners to add an extra bedroom, living space, garage, deck, or even a patio. If you offer home addition contracting services, make sure your clients know that you not only do the construction but also do the finishing work, like painting and flooring, so that it’s all done neatly and professionally.
12. Kitchen and Bathroom Remodeling
If you’re looking for profitable construction business ideas, it doesn’t get much better than kitchen and bathroom remodeling. From building new bathrooms to renovating old kitchens, these are two of the most popular home improvements people are doing.
Furthermore, a whole range of work is possible with this type of renovation project. You can install or repair cabinets and countertops, repair pipes and fixtures, and build new decks or patios- anything that will require construction around the house can be part of the job. Plus, the skills required are simple if you have some experience working with your hands. All in all, kitchen and bathroom remodeling is a great construction option if your goal is profitability in 2022!
13. Painting Services.
A background in construction can be an asset for some types of construction businesses. For example, painting services can be profitable with a small investment. With the industry expecting continued growth over the next five years, this is a great option for someone who wants an easy-to-start business with low overhead costs.
Paint can be found at any hardware store, and paintbrushes can be bought from discount stores or art supply stores. You’ll need access to water and power, but other than that, there’s not much else needed!
If you’re looking for another construction business idea, then painting services may be perfect!
14. Flooring Installation
With more people purchasing their homes with smaller-sized housing lots and opting for concrete construction, the demand for residential flooring installation has increased dramatically. Flooring installation is becoming a more profitable construction business idea that has seen a 10% increase since the turn of the century. It’s projected to have a 15% increase by 2022, which means more contractors will install floors and carpets.
Flooring installation contractors can offer warranty plans, on-site work, and factory-direct pricing options. Most flooring installations require a subfloor, so you’ll also want tools for electrical wiring. However, these tools can be rented out for specific projects when not being used instead of purchasing new tools that may never need to be used again after one project is completed.
15. Window installation.
Window installation is a profitable construction business idea that’s often overlooked. You can start a window installation company by learning how to install windows and doors, buying or leasing a truck, finding customer leads, and supplying the needed materials.
As with any construction project, it’s essential that you obtain the necessary permits before starting work on a customer’s home.
Window installation is an excellent option for beginners because it doesn’t require extensive training or experience. There are fewer workers, so there is less competition in this niche.
Many homeowners like window installations because they can take care of projects without leaving their homes. Installing new windows could be the answer if you’re looking for profitable construction business ideas!
16. Roofing.
Roofing is an excellent opportunity for any construction business. In the United States, roofing is a $25 billion industry growing. The market has been largely untapped by new businesses because the costs of entry are higher than in other industries like landscaping or flooring. Roofers need experience and training, which can be expensive to develop. However, this lack of competition doesn’t mean you can slack on the marketing. It’s a good idea to hire a company that can provide roofing marketing services, as their expertise can help you get a leg up. But if you have a strong work ethic, patience, and skill set as a carpenter, this could be a lucrative option for your construction business idea.
17. Home Improvement.
If it’s a home improvement project you’re considering, it could range from small jobs like patching drywall and painting walls to more involved construction tasks like roof replacements and kitchen remodels. No matter your budget or the job size, there are plenty of ways that an up-and-coming contractor can make money by accepting construction work.
If you’re starting as a home improvement contractor, take it easy on yourself and start with small jobs – like installing shelves. If you’ve already found success as an installer but want more variety, try tackling more complicated projects, such as tiling bathrooms and kitchens. And if it sounds like too much work for you? Hire someone else!
18. Landscaping.
Landscaping is one of the most profitable construction business ideas in 2022 because demand for landscaping services remains high. Homeowners are increasingly interested in the environment and want natural beauty, so they hire landscapers to turn their yards into beautiful green spaces with flowering trees and shrubs. Landscape companies are always looking for good workers to keep up with demand. According to the Bureau of Labour Statistics, landscape contractors will earn an average of $57,000 annually in 2021. The BLS predicts this figure will rise to about $61,000 by 2022. With the help right tools, such as landscape estimating and invoicing software, landscapers can quickly generate accurate quotes, simplifying financial management and making their business more competitive.
19. Demolition Services.
Demolition services are a profitable construction business idea. Demolition companies break down, tear down, and remove buildings for new construction projects or when the property owner decides to demolish the building. They generally offer demolition services as a contract, including all the necessary permits, equipment, and labor required to execute the project. The demolition company will typically charge by the hour and by their average cost per hour (which usually increases with the size of the project) on an hourly-plus-costs basis. It’s one of the most profitable construction business ideas for 2020.
20. Carpentry Services.
Carpentry services will always be in demand. This is because carpentry is a skill set that not many people have. You are in a very profitable construction business if you are good at it. There will always be a need for doors, windows, furniture, and more. Of course, there will also be other considerations before entering carpentry services.
You should ensure you have the right tools and workspace to handle this type of work. It can sometimes be difficult to find the tools or space needed for this type of job, so make sure that your research is done ahead of time so that you aren’t wasting your time looking for something when you should already have it or know how to get it.
21. Hauling and Dumpster Services.
Construction business ideas can be simple. The only construction business idea we’ll explore in this section is hauling and dumpster services. Hauling and dumpster services are in high demand, so that you can charge a lot of money for this service. You will need to research how much the competition charges and see if you can offer the same service at a lower price. Ensure that your employees are well versed in handling hazardous materials properly and potential environmental hazards or risks, like lead paint or asbestos.
22. Home Maintenance and Handyman Services
If you have a knack for home repair and carpentry, starting your handyman service might be your best construction business idea. You could offer basic services such as changing locks, fixing leaky faucets, and installing smoke alarms. Or, you could go out and do roofing, painting, electrical work, and installing new windows or doors. The sky’s the limit with this one. Remember that if you need to gain experience with these types of jobs, learning them will take time before tackling them.
23. Pressure Washing.
Pressure washing is one of the most profitable construction business ideas that has been increasing in popularity in recent years. It’s a cost-effective way to clean and preserve brick, concrete, stone, and asphalt surfaces. Depending on your needs and budget, there are many machines to choose from, ranging from $600 to $6,000. The average customer pays $500 per month for an average pressure washer. Profit margins can reach more than $500 monthly. The downside? A monthly licensing fee that averages around $45.
However, if you have lots of time to invest, you can expect great success with this profitable construction business idea!
24. Gutter Cleaning.
Gutter cleaning has been a profitable construction business idea on the rise in recent years. Gutter cleaning companies have seen an increase in demand for their services as homeowners are beginning to realize the importance of keeping their gutters clean and functioning properly. As a result, more than 250 gutter cleaning companies are operating in the US today.
If you’re looking for a profitable construction business idea, consider one that offers gutter cleaning services.
25. Construction Equipment Sales
A profitable construction business idea is to sell construction equipment. Equipment like this is necessary for any job site, so the demand will always be there. This can be done as a wholesaler or retailer, which makes it easier for you to find a place for your business on the market. With all the different types of construction equipment available, there are many ways to break into this industry and make money from it.
The problem with this type of venture is that you will need substantial funding. The return on investment can be high, making this profitable construction business idea worth exploring further.
26. Furniture Polishing Services
If you want to start a profitable construction business idea in 2022, one good choice would be furniture polishing services. Furniture polishing is the process of restoring furniture to its original shine. This service can bring new life to furniture that has seen better days and keep your customers returning for more. If you’re interested in this type of construction business idea in 2020, we recommend researching what equipment or products you’ll need to get started and how much it might cost.
27. Electrical Work
It is not difficult to start an electrical work business in 2022, and there are many profitable construction business ideas within this field. You can start with a commercial or residential electrician license or find a company that will train you on the job. If you have some background in electrical work, it will make it easier to find employment.
One reason for choosing this type of business is the need for new power plants to replace older, less efficient ones. A second factor contributing to this growth will be the increased use of automation and robotics in industrial settings and manufacturing facilities such as factories, warehouses, and transportation hubs. This will require more electricians to install wiring, sensors, actuators, and other equipment that connects to computer networks.
28. Swimming Pool Construction.
Swimming pools are often a luxurious addition to any property and can be a profitable construction business idea. A pool builder can build swimming pools of all sizes, shapes, and types. Some pool builders specialize in building racing pools, family pools, or lap pools; they also offer many custom options. These include waterfalls, spas, water slides, water sprayers, hot tubs, and more. If you don’t want to get your hands dirty with concrete and dirt for days, this might be a profitable construction business idea for you!
29. Manufacturing of Marbles and Tiles
The growing number of marble and tile installations has been attributed to an increase in the trendiness of stone countertops. Furthermore, the popularity of natural stone has also increased because it is seen as more sustainable than man-made materials. This means people are looking for ways to include natural stone in their homes without spending too much money or time. These two factors make marble and tile installation a profitable construction business idea in 2022.
30. Manufacturing of Blocks and Bricks
This is a good idea because it has an easy startup cost, materials are cheap, and demand for these building materials will continue to rise as people strive to create more sustainable structures. Materials needed to start this business include clay, sand, water, and straw or grasses. The advantages of starting a brick-making company are that it takes little labor or capital investment to get started.
Conclusion
Construction is one of the biggest industries in the world, and it’s expected to grow even more in the coming years. There are tons of opportunities for construction businesses, and if you’re looking to start a new business, then starting a construction-related business might be an excellent choice. The first step to starting a new business is to do your research–find out what types of businesses are popular in your area, find out what skills you need for each type of business, etc.–and make a plan for yourself. You’ll want to decide whether to work for someone else or be self-employed with your company. And then after that, there are plenty of opportunities available that will allow you to explore your options and figure out which is best for you!
