A well-maintained home sells 10 percent more, resulting in a $44,000 increase in value nationwide
San Francisco May 18 2022–(BUSINESS WIRE)– Thumbtack announced today that it is aggressively expanding its business by launching the first-ever home care experience, designed to build a long-term partnership with homeowners in the ongoing care of their greatest asset.
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“Technological innovation has focused on helping people buy and sell homes. But we are the first to pioneer the technology to proactively take care of the home – from move-in to checkout, and all the moments in between,” said Marco Zappacosta, Thumbtack Co-Founder and CEO. “With Thumbtack, homeowners now have a partner to go to to give their homes the care they deserve, maximize value and create peace of mind.”
Thumbtack is launching a number of new offerings to guide homeowners through everything they need to do to take care of their homes, every step of the way. Today, 68 percent of homeowners feel overwhelmed, confused, and stressed about maintaining their homes. This new home care experience helps homeowners know what to do, when to do it, and who to hire.
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Thumbtack Membership Program: The Thumbtack Membership Program ($49 per year) is the first to drive homeowners’ ongoing involvement by providing support as they navigate repair, maintenance, and improvement projects. Members will get one-on-one guidance from a home professional to take the guesswork out of high-budget projects by helping with planning, budgeting, and hiring the right freelancer. Plus, they’ll get an exclusive $10,000 money-back guarantee (conditions apply) plus 20 percent discounts for on-demand reservations (discussed below).
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Personal maintenance guides: These priority seasonal plans will help homeowners keep their homes running smoothly and avoid costly emergency repairs. Customized to include the most important tasks, season by season, based on your specific home and location, and informed with data from the millions of projects started on Thumbtack. Right from these new guides, homeowners can book a professional with one click, making it easier to get things done.
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Reservations upon request: On-demand Thumbtack reservations match homeowners in seconds with vetted, independent, competitive and consistent pros in 10+ categories including house cleaning, gutter cleaning, trash removal, TV installation, pest control services, carpet cleaning, window cleaning, rooftop inspections, pool cleaning, home inspection and laundry by clicking. The list of on-demand booking categories is constantly expanding.
Homes are complex systems that don’t come with an owner’s manual, yet the need is great: 79 percent of new homeowners stated that they would be better prepared with a dedicated home care plan. According to a recent survey of landlords in partnership with OJO, a well-maintained home sells 10 percent more, increasing its value by $44,000 nationwide and providing homeowners with a long-term incentive to proactively look after their homes while saving money on Expensive emergency repairs.
This year, the company will personalize the experience by integrating specific features of the home, history, and past projects, while using the home’s exact location and individual goals. In the future, Thumbtack will launch guided experiences across the homeowner’s entire journey, such as saving energy, protecting kids, remodeling a kitchen, moving, and more.
“It’s easy to book a house to stay in for a week or drive to the airport. But, as of now, there is no platform that can tell a homeowner it’s time for air conditioning service and book a professional for the job in seconds,” Zappacosta said. “There is pent-up demand, and we see a huge opportunity. To deliver what today’s homeowners need and expect – to replace what has long been frustrating and time-consuming with a focused, convenient and reliable solution.”
This new and ambitious home care experience comes at a time when Thumbtack is experiencing increased commercial momentum. Revenue in 2021 grew 40 percent over the previous year, and gross profit margins for the business remained greater than 90 percent.
To learn about Thumbtack’s groundbreaking home care experience, download the Thumbtack app (available on iOS and Android).
Home care survey methodology
Thumbtack conducted a survey of the general population from 3/7/2022 to 3/10/2022 of 1,720 U.S. adults aged 18 or over, balanced by age and gender according to U.S. Census estimates. The results have a margin of error of +/- 2.4%. New homeowners are defined as homeowners who have purchased their homes in the past two years.
Thumbtack + OJO مسح Survey Methodology
OJO conducted a survey of 1068 professional real estate owners from 20/4/2022 to 5/2/2022. Respondents were asked to provide a response on the sales premium received for a well-maintained home to the nearest percentage point. The mean percentage value is reported in the analysis. We then calculated the average increase in home value based on the median home sale price according to the monthly new home sales report.
About Thumbtack
Thumbtack is a technology leader in building the modern home management platform. With the Thumbtack app, homeowners can easily manage their homes – and know with confidence what to do, when to do it, and who to assign them. By bringing the $500 billion home services industry online, Thumbtack empowers millions of homeowners to repair, maintain, and improve their most valuable assets. The company is backed by Sequoia Capital, Tiger Global Management, Javelin Venture Partners, Baillie Gifford, and CapitalG, among others.
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Contacts
Laura Arubla Toro | [email protected]
