Home Improvement Liquidations pallet always practical, used tools and other home improvement merchandise keep their value better than other product categories. In this article, we will explore how to buy liquidated home improvement items and tools in bulk, explore some of the best avenues for reselling them, and guide you through some top tips for flipping home improvement liquidations.
Tools and Hardware: The Market
In 2020, 77.2% of people undertook at least one home improvement project. That can be anything from changing a lamp to rebuilding a kitchen. This figure is up from 68.2% in 2019. Faucets, kitchen cabinets, and toilets were the most-sold items in the US in 2020.
Estimates suggest owner improvement and repair spending could reach as much as $430 billion in 2022. However, several factors may slow down growth in the sector by discouraging homeowners from taking on remodeling projects. These include not only higher costs with labor and construction materials but also the difficulty in hiring and retaining contractors. On top of that, climbing interest rates make financing for larger remodeling projects harder to get.
Drivers and Trends Home Improvement Liquidations pallet
House valuations are at an all-time high, making homeowners more reticent to move to a new property. Instead, they feel more confident investing in their own homes. Sensible renovations can add value to your property while making it more comfortable and better adapted to the homeowners’ specific needs. As many homeowners age, they are keen to adapt their houses to their new needs, especially as they decide to stay in place instead of moving out. Homeowners also want to make their houses better reflect their personal tastes and characters. For example, owners are keen to redecorate the house’s exterior to make it stand out from the neighbors.
Bathroom renovations are particularly popular, with a renewed interest in turning them into comfortable and luxurious spaces for hygiene, relaxation, and meditation. Home Improvement Liquidations pallet One of the effects of the pandemic was the resurgence of home cooking. This drives a renewed interest in renovating kitchens.
Another significant trend is investment in smart technology, which has increased 20% every year since 2016, with almost half of all home renovations including a smart tech upgrade. Upgrades like enhanced security, lighting fixtures, entertainment systems, and climate control systems are particularly popular. In 2020, 33 million US households had a smart thermostat.