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Updated RecentlyHomeVestors of America vs UBuildIt Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HomeVestors of America vs UBuildIt including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $70,000 - $426,250 | $113,500 - $223,800 |
| Franchise Fee | $32,000 - $70,000 | $35,000 |
| Royalty Fee | Varies | $1,000 monthly |
| Advertising Fee | Varies | - |
| Year Founded | 1989 | 1988 |
| Year Franchised | 1996 | 1998 |
| Term Of Agreement | 5 years | 10 years |
| Term Of Agreement | 5 years | 10 years |
| Renewal Fee | - | $10K |
Business Experience Requirements |
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| Experience | ||
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | Yes/Yes | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | 1 week initial training | Available at headquarters: 1 week |
| Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives, Annual convention |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, Ad slicks, Regional advertising, Marketing creatives |
| Operations |
Less than 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About HomeVestors of America
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HomeVestors Franchise offers real estate entrepreneurs and investors with an opportunity to create their own successful real estate company buying and selling homes. Since our initial franchise offering in 1996, HomeVestors has grown to currently have over 200 independently owned and operated franchisees throughout the United States, and has received numerous awards and recognitions from top franchise business publications.
HomeVestors of America, commonly known as We Buy Ugly Houses, is the number one home buyer in America. Since HomeVestors began its franchise in 1996, We Buy Ugly Houses / HomeVestors franchise owners have purchased over 45,000 houses throughout the US. HomeVestors franchise owners pay cash for ugly homes that often have their owners in difficult situations.
Our franchisees renovate houses and then sell or lease them. This improves neighborhoods in the process and offers great opportunities for first time buyers, renters, and real estate investors.
The total investment necessary to begin operation of a Full Franchise
HomeVestors Business is $108,000 to $426,250. This includes $70,000 that
must be paid to the franchisor or affiliate.
The total investment necessary to begin operation of an Associate Franchise HomeVestors Business is $70,000 to $363,250. This includes $32,000 that must be paid to the franchisor or affiliate.
The total investment necessary to begin operation of an Associate Franchise HomeVestors Business is $70,000 to $363,250. This includes $32,000 that must be paid to the franchisor or affiliate.
With approximately 200 franchisees independently operating in 33 states, We Buy Ugly Houses / HomeVestors commits itself to enforcing high ethical standards and strict systems that result in responsible business practices. We are proud of the service we provide that helps homeowners and people who would like to start their own profitable real estate franchise business.
HomeVestors Franchise Model
HomeVestors offers a low cost franchise opportunity for investors interested in building a real estate business. Our unique model includes proprietary software that our franchisees use to assess homes for purchase and renovation. It also includes mass advertising billboard campaigns that achieve quick market awareness and direct selling programs that help franchisees identify and locate buyers and investors interested in specific neighborhoods.
With ongoing support from HomeVestors and our development agent mentors, franchisees build wealth by purchasing houses at discount prices.
We Get It.
You Want a Business.
Not a New Boss.
Our franchisees either renovate and sell or renovate and rent properties they buy, which generates a positive cash flow and equity. We Buy Ugly Houses / HomeVestors franchisees must complete our intensive training program. It incorporates all of our systems for buying homes as well as good business standards. Our franchisees learn how to deal with homeowners who may be in an ugly situation, how to explain our home buying process, and how to carry out as-is all cash buyout deals that create a profit for franchisees while helping a homeowner get out of an ugly house.
Veteran Incentives 10% off franchise fee
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In Franchise Business Reviews Top 200.
#19 in Franchise 500 for 2020.
#36 in Franchise 500 for 2021.
About UBuildIt
Prosper in construction consulting while reducing your workload and
liability. By adding the UBuildIt consulting system to your business,
you will find an easier way to build homes and regain extra time and
money in the process. Instead of contracting to build; you are coaching
homeowners. You’re offering a service that allows you to diversify and
stand out from the pack! You’re using first-class marketing materials,
Internet tools, and a complete business system backed with professional
support. Imagine taking less risk - and having more time to golf, swim,
and see your kids.
Our UBuildIt Franchisees are doing it. Why not you?
Here is what makes UBuildIt unique in the market place:
1. We are the number one Owner Builder Company in the United States! We were founded in 1988 and: have built over 14,000 homes with this system
You would be joining a world class organization that has earned its top spot!
2. We partner with builders to give them a broader offering - something that other builders do not have! Use UBuildIt for fantastic lead generation and be able to truly serve your clients with whatever product best fits their needs!
3. We also partner with entrepreneurs who are interested in the building industry and who see the potential for success in UBuildIt as a sales and marketing tool. Such partners are often the most successful franchise but their cost tend to be higher as they do have the added expense of hiring an experienced project manager or general contractor to handle the onsite reviews with the clients during construction. Don't be afraid to research if you're not a qualified builder; hiring is not difficult as a rule but it does increase your initial overhead.
4. We have proven examples of what can be achieved with a manageable marketing campaign. A quality marketing campaign can be even more effective as local offices band together giving the opportunity for a huge impact.
The UBuildIt system is home building, your way. Our proven system allows you to build your own home exactly the way you want. That is why we say it is home building, your way. Unlike other ways to build your own home, with the UBuildIt system, we provide expert guidance that will help make your home building project a success.
Our expert construction consultants are with you all the way through the home building process - including up to 23 on-site consultations. This level of customer service provides assurance that your house construction project will stay on track.UBuildIt was founded in 1988 by Chuck Warrender and has been franchising since 1998. UBuildIt helps customers who want to do their own building or remodeling projects but aren't sure where to start. Franchisees assist customers in the planning and construction process with tasks such as obtaining plans, permits, subcontractors, financing and site inspections.
The company is based in Edmond, Oklahoma.
We offer 10% off the initial franchise fee to Veterans.