So you‘re ready to start your own handyman business? Excellent! As a handyman with over a decade of experience running a successful operation, I‘m thrilled to provide this in-depth guide on the tools and equipment you‘ll need.
To handle common handyman jobs, your basic toolkit should include:
| Category | Examples |
|---|---|
| Power Tools | Drill, circular saw, jigsaw, angle grinder, oscillating multi-tool |
| Hand Tools | Hammer, screwdrivers, wrenches, pliers, utility knife, tape measure |
| Accessories | Work gloves, safety goggles, dust masks, ladder |
Buy Quality Tools That Will Last
When starting out, focus first on versatile core tools that enable you to take on a wide range of tasks. As your business grows specialize and expand your inventory. Buying quality tools is worth the investment – they‘ll last longer and allow you to work more efficiently.
According to HomeAdvisor‘s 2021 True Cost Report, the average handyman spends $3,000 on tools and equipment. Expect to invest $2,000-5,000 on your starter toolkit.
New vs Used Tool Considerations
New tools provide reliability, warranty coverage, and peace of mind. However, they require significant upfront cost.
Used tools offer affordability and value. Thoroughly inspect condition and quality prior to purchasing.
I recommend buying core power tools new from reputable brands like DeWalt, Milwaukee, Makita. High-use hand tools like hammers and tape measures also worth purchasing new.
For more specialty tools, ladders, workbenches and the like – used is perfectly acceptable. Check Craigslist, Facebook Marketplace, pawn shops for deals. Just be selective in assessing wear and tear.
Transporting Your Toolkit
You‘ll need a dedicated method for transporting tools/materials to job sites. Most handymen utilize:
- Pickup Truck: Provides versatility and cargo capacity. Used trucks offer affordability. Ensure reliable operation.
- Trailer: Allows transporting more specialized equipment (e.g. lawn mowers, tillers). Look for secure enclosed options.
- Cargo Van: Comfortable, customizable storage. Consider fuel efficiency and driving ease.
I started with a used pickup and 5×8 enclosed trailer which provided everything needed for local jobs. Now with a larger crew we also utilize a high roof Sprinter van.
Choose a transportation approach aligning with expected workload and budget. Hard shell toolboxes and racks keep things secure en route.
Additional Operating Expenses
Beyond tools, be sure to account for other ongoing operating expenses:
- Gas, maintenance and insurance for your work vehicle
- Smartphone, computer, internet needs
- Utility costs if leasing workshop space
- Software subscriptions & advertising
- Accounting, legal and consulting fees
- Continuing education and training
Track all business expenses and save receipts. This allows maximizing tax deductions and understanding your overhead.
The Potential for High Earning
Skilled handymen can charge $30-90 per hour on average, according to HomeAdvisor. This translates to earning potential over $100k annually with a filled schedule.
As you establish your business, learn to accurately quote jobs, control costs, deliver consistent quality and manage time effectively.
With commitment and sound business practices, six figure incomes are quite feasible in the handyman trade.
Let me know if any other questions! Ready to help with additional tips for launching and growing your venture.
