Is anyone bothering to spend money on their homes right now? You bet… here’s why
You don’t need me to tell you things are pretty rough for people financially right now. Even if you’re relatively comfortably off, the future has never felt so uncertain. Energy bills, fuel costs, even the cost of the weekly shop – all topics which are on every news channel, and in plenty of our own conversations, too.
It feels like everyone is having to tighten their belts, so you might assume home improvement businesses are feeling the pinch at least as much as anyone else. However, the reality couldn’t be further from the truth.
The first four months of this year have all been record-breaking for Access4Lofts. Not just record-breaking as in “better than last year.” I mean each one higher than any single month we’ve ever had in the history of the franchise, and each one higher than the month before it.
So, what on earth is going on?
Why do Access4Lofts franchisees seem to be bucking the trend?
It all comes down to what we do: making space homeowners already have more accessible, more practical, and more useful.
- When money is tight, people don’t move house, they make the most of the one they’ve got, and that means tapping into underused space.
- When energy costs are through the roof (pun intended!), better insulation is an investment which will pay off big time come winter.
- When petrol for the commute gets too expensive, people work from home more. Suddenly, that spare bedroom full of boxes looks pretty appealing as an office, and you need somewhere better to store all that stuff.
People might cut down on expensive holidays or new cars when times are tough, but they’re not going to cut down on a service which is practical, affordable, and solves a very real problem – especially when it’s one that can both save them money, and improve the value of their home at the same time.
This is not money homeowners are throwing away on a luxury purchase, it’s money they’re investing.
So, what happens when the economy improves?
Perhaps you’re thinking the logical extension of “we do well when times are hard” is “so what happens when things get better?” You might be reading this and thinking: if your sales are being driven by people staying put and cutting costs, does that mean you’re sitting on a business that peaks in a downturn and fades in a boom?
Well, the simple answer is that, when the economy improves, people have more money to spend on their homes. They start thinking about the projects they’ve been putting off, investing in the spaces they live in, adding value before they sell.
The reasons behind choosing Access4Lofts change over time, but the demand doesn’t.
Perhaps the most convincing proof of that is where our strongest performing territories actually are.
You’ll naturally assume a business like this mainly does well in affluent areas where people have plenty of disposable income and big houses with underused lofts. Some of our best performing franchisees are in areas like that, yes, but many of our highest earning franchisees are also in some of the least affluent parts of the UK.
In wealthier areas, customers want to maximise a property they love and add value before they sell. In less affluent communities, the priority is making the most of limited space and keeping energy costs down.
The point is that what we offer is affordable, practical, and genuinely useful to pretty much anyone who has a loft and a reason to do something with it… and that’s the kind of business which will always thrive, no matter what else is happening in the economy.
If that sounds like something you’d like to be a part of, the next step is a straightforward conversation. No pressure, no hard sell, just a proper chat about whether or not an Access4Lofts franchise could be the right fit for you.