How to Start a Handyman Business in Retirement (Step-by-Step Guide)
Introduction
Ever thought about how to start a handyman business and making money by fixing things? If you’re the type of person who enjoys tinkering, assembling furniture, or repairing household items, starting a handyman business in retirement might be the perfect way to earn extra income while staying active.
As a business owner in the handyman industry, you can enjoy the advantages of generating revenue, maintaining healthy profit margins, and experiencing the freedom that comes with ownership. However, it also comes with challenges such as strategic decision-making and ensuring customer satisfaction to achieve profitability.
When I retired, I wasn’t looking for another full-time job—but I still wanted to keep busy and make some cash on the side. A handyman business seemed like a natural fit because I already had a garage full of tools and a knack for fixing things. Whether you’re a retired tradesman or just someone who enjoys working with your hands, this guide will walk you through everything you need to get started, from picking the right services to finding customers.
This isn’t just about making money—it’s about staying active, helping people, and doing work that actually feels rewarding. Plus, there’s a huge demand for reliable handymen, especially since many homeowners don’t have the time or skills to tackle small repairs themselves.
So, let’s break it down step by step and get you on your way to building a profitable handyman business in retirement.
Understanding the Handyman Business
What is a Handyman Business?
A handyman business is a service based business that offers a wide range of home repair and maintenance services. As a handyman you can help homeowners with tasks from fixing leaky faucets and unclogging drains to minor renovations and assembling furniture. This type of business is perfect for people who love helping others and can fix things. Not only is it a profitable opportunity but you can create a side income doing something you love. Whether you’re doing small repairs or ongoing maintenance a handyman business can be both fun and profitable.
Why Start a Handyman Business in Retirement
Starting a handyman business in retirement has many benefits beyond just the money. For many retirees it’s a great way to stay active and engaged using the skills and experience they have accumulated over the years. This type of business gives you purpose and structure which is key to a happy and healthy retirement. Plus you can give back to your community by helping neighbors and friends with their home repair needs. The flexibility of running your own handyman business means you can set your own hours and do projects that interest you so its a fulfilling and enjoyable venture.
Is a Handyman Business Right for You?
Not everyone is cut out to be a handyman, and that’s okay! But if you:
Enjoy fixing things around the house
Like working independently
Want a flexible schedule
Don’t mind a little physical work
Then this might be the perfect side hustle for you.
That said, some handyman tasks require physical effort—lifting, bending, and standing for long periods. If you’re worried about that, consider offering services that are easier on the body, like:
Assembling furniture (IKEA customers need help all the time!)
Installing shelves and curtain rods
Hanging pictures and wall décor
Minor electrical work (installing light fixtures, replacing outlets)
Light plumbing (fixing leaks, installing faucets)
A handyman business is not the same as being a licensed contractor. In most states, you can do basic repairs, but major plumbing, electrical, or structural work requires a license. Make sure to check local regulations before taking on bigger jobs.
Defining Your Skills and Services
Identify Your Strengths and Weaknesses
Before you start the handyman business, take a step back and assess your strengths and weaknesses. Make a list of your skills and experience. What are you good at? Maybe you’re a whiz with a saw, or perhaps you’re handy with a screwdriver. And on the flip side, be honest about your limitations. Are there areas where you lack expertise or feel unsure? Recognizing those gaps is the first step to seeking training or help if needed.
Ask yourself these questions to help you identify your strengths and weaknesses:
What are my skills and experience?
What services can I offer to customers?
What are my limitations and how can I overcome them?
What training or education do I need to provide good services?
How can I differentiate myself from other handymen in the area?
By answering these questions you can make a list of your strengths and weaknesses. This self assessment will help you create a solid business plan and marketing strategy and also deliver good services to your customers. Knowing your unique selling proposition will set you apart from other handymen and will be the key to a successful handyman business.
Setting Up Your Handyman Business
Choosing Your Services
Before you dive in, it’s important to narrow down the type of jobs you want to do. The more focused you are, the easier it will be to market yourself.
Here are some popular handyman services that don’t require a contractor’s license:
Fixing leaky faucets
Installing ceiling fans & light fixtures
Mounting TVs and shelves
Assembling furniture (IKEA is a goldmine for this)
Painting small rooms
Repairing drywall holes
Replacing door locks & handles
Weatherproofing windows & doors
If you prefer lighter work, consider specializing in senior-friendly handyman services, like:
Installing grab bars in bathrooms
Fixing loose stair railings
Replacing smoke detector batteries
Installing childproof locks for grandparents
Specializing in a niche like “senior-friendly handyman services” can help you stand out and attract a specific customer base.
Legal Requirements & Business Setup
One of the biggest mistakes new handymen make is skipping the legal setup. Even if you’re just doing small jobs for friends and neighbors, you might need a business license or liability insurance. Business registration is necessary, including applying for an ABN, and additional steps may be required if the business structure is changed to a company or trust.
Here’s what you need to check:
Handyman license requirements (varies by state)
Business insurance (protects you if someone claims damage)
Tax ID or LLC registration (recommended for legal protection)
Selecting the right business structure is crucial. Including considerations for legal registration, financial planning, and the overall organization of the business.
Additionally, obtaining the necessary local business licenses is essential to ensure compliance with local regulations.
Do You Need a License?
Most states don’t require a license for minor handyman work, but some do—especially if the job is over a certain dollar amount (e.g., $500 or $1,000).
It’s important to obtain a contractor’s license when aspiring handymen want to perform larger jobs or specialized services.
Google “[your state] handyman license requirements” to see what applies to you.
Should You Get Handyman Business Insurance?
Short answer: Yes. Even small jobs carry risks. If you accidentally break a client’s window or a tool falls on someone’s foot, you don’t want to be stuck paying out of pocket. Handyman business insurance is crucial for operating in a hands-on job that involves working on clients’ properties, as it helps mitigate potential financial risks associated with accidents or injuries.
General Liability Insurance: Covers property damage or injuries.
Tool Insurance: Protects against theft or damage to your tools.
This usually costs $30-$60 per month—a small price for peace of mind.
Essential Tools and Equipment
Your toolbox will be your best friend. The good news is you probably already have most of what you need!
In addition to having the right tools, it’s crucial to gain experience, create a comprehensive business plan, and secure funding to ensure the financial viability of the handyman company.
Must-Have Handyman Tools
Power drill – Your #1 most-used tool. Get a good cordless one.
Screwdrivers & wrench set – Essential for furniture assembly and plumbing jobs.
Stud finder – A lifesaver when mounting shelves or TVs.
Tape measure & level – For accurate placements.
Multi-tool (like Leatherman) – Handy for quick fixes.
Paint supplies – Rollers, brushes, and drop cloths.
Vehicle Considerations
A truck or van is helpful for transporting large tools, but not required. Many jobs can be done with just a car and a toolbox.
Finding Your First Handyman Clients
Marketing Strategies That Work
When I started, my first few clients came from simply telling people I was available. Don’t be shy!
Tell friends, family, and neighbors. Post on Nextdoor & Craigslist. Join Facebook groups for local homeowners. Leave business cards at hardware stores.
In the handyman industry, customer service, networking, and gaining experience are crucial for success.
Word-of-mouth is your best friend in this business. Once you do a few jobs, referrals will keep you busy.
Creating a Simple Website
A handyman’s website doesn’t have to be fancy. Google Sites and Wix offer free website builders.
When starting a handyman service, it’s crucial to consider key operational aspects such as overhead costs and customer acquisition.
Be sure and include the following on your website::
List of services
Your phone number & email
Before & after photos of your work
Customer testimonials
A website helps build credibility—even if most of your jobs come from word-of-mouth.
Managing and Growing Your Business
Keeping Track of Finances
It’s easy to lose track of cash payments. Use Wave Accounting (free) or QuickBooks Self-Employed to:
Send invoices
Track income & expenses
Handle taxes easily
Obtaining an EIN is crucial as it allows businesses to set up a business bank account, which is an essential part of the overall business registration process.
Expanding Your Services
Once you’re comfortable, consider adding:
Minor electrical/plumbing work (if allowed in your state)
Rental property maintenance
Seasonal home services (gutter cleaning, power washing)
Final Thoughts
Starting a handyman business in retirement isn’t just a way to earn extra income—it’s an opportunity to stay active, connect with your community, and use your skills in a meaningful way. With minimal startup costs and flexible hours, it’s a side hustle that allows you to work on your own terms. Whether you prefer small repair jobs, assembling furniture, or installing fixtures, there’s always demand for reliable handymen.
Success in this business comes down to offering quality service, setting fair prices, and building strong relationships with customers. Word-of-mouth referrals will be your biggest source of new work, so focus on doing each job well and maintaining professionalism. If you’re ready to get started, take the first step by letting people know about your services. The demand is there—now it’s up to you to take advantage of it!
FAQs
1. Do I need a license to start a handyman business?
It depends on your state and the type of work you plan to do. In most places, small repairs and basic handyman services don’t require a license, but more complex work—like plumbing, electrical, or structural repairs—often does. To be safe, Google “[your state] handyman license requirements” to check the rules in your area.
2. How much can I charge for handyman services?
Handyman rates vary by location and experience. The average hourly rate in the U.S. is $50-$100 per hour, but you can also charge flat fees for smaller jobs. Research your local market, and don’t undervalue yourself—factor in the cost of tools, gas, and time when setting your prices.
3. How can I find my first handyman clients?
Start by spreading the word to family, friends, and neighbors. Post on Facebook Marketplace, Craigslist, Nextdoor, and local community groups. Hand out business cards at hardware stores and partner with realtors, Airbnb hosts, and property managers who regularly need handyman services.
4. What are the best handyman services to offer for retirees?
If you prefer lighter, low-impact work, focus on assembling furniture, installing shelves, hanging pictures, painting, and minor home repairs. You can also specialize in senior-friendly modifications, like installing grab bars or fixing loose railings. This niche has high demand and lower physical strain.
5. What tools do I need to start a handyman business?
You don’t need a truckload of expensive tools to start! The essentials include a cordless drill, tape measure, stud finder, wrenches, screwdrivers, pliers, and a level. If you’re doing painting jobs, get brushes, rollers, and drop cloths. Start with what you have, and only buy new tools when needed.
Being a professional handyman involves establishing a solid service contract that outlines crucial terms for clients.
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