The recent unanimous decision by the Fed to hike up interest rates has a lot of people asking how their spending will be effected. But when it comes to home loans in particular, people want to know: “How will this affect housing sales?”

According to John Tubiolo, the Vice President of Franchise Sales and Development for Miracle Method, the nation’s largest professional bathroom and refinishing franchise, the Fed’s raising interest rates won’t necessarily affect mortgages. But this doesn’t mean the housing market as a whole won’t be influenced—he said a few small increases would show the economy is improving, and may actually spark a spike in local housing sales from people who have been “sitting on the fence” and finally decide they should buy before rates start increasing too much.

“Do you want a three percent interest rate with a lousy economy or a six percent interest rate with a booming economy? Rates are going up for a reason, because the economy is improving,” Tubiolo said.

The higher interest rates may cause a bump in housing sales for a few months from people who have been lagging in their decision-making, and for companies like Miracle Method, this uptick in housing sales can mean big business. According to Tubiolo, this is a good time for the brand to target housing markets in cities like Las Vegas, where homeowners are especially spurred by this recent hike.

“The recent rise in interest rates is a sign that the economy is improving, and this also means that the housing market is improving. This is a great opportunity for Miracle Method, as more and more people will be in need of home improvements to give their home the biggest bang for its buck when it’s up for sale,” said Tubiolo.

As the company enters into 2016 focused on growth, they’re looking hone in on an expansion in Las Vegas in addition to other specific markets like Florida, Texas and Arizona.

For more information about becoming an independent franchise business owner with Miracle Method, please click here or call 855-212-7337.

As franchises begin to grow, they are able to expand their base of operations. This can mean an extended reach in a territory or, as is the case with Miracle Method franchisee Leo Sayles of Columbus, Ohio, it’s a development of the physical building itself.

Sayles is no stranger to the world of franchising. He grew up in a family that owned and operated a family grocery and pharmacy store. It was under this tutelage that he wanted to give operating his very own business a shot, so he got into the retail and convenience store business. Sayles was the director of operations for Dairy Mart chains for about 14 years before being welcomed to the Miracle Method family.

“I was looking for an opportunity to do some stuff on my own and wanted to stay away from the 24/7 world of retail,” Sayles said. “I didn’t have money to buy land or a building, and I always enjoyed remodeling projects for my home, so I started to look around for something similar to that.”

He originally owned a Surface Doctor franchise for about a year and half back in 1999, which was later bought by Miracle Method. And Sayles has decided to keep the business in the family as his wife, two daughters and son are involved.

What separates Sayles’ franchise apart from others is that he has expanded his business to include a showroom of different bathroom and kitchen components, such as tiling, sinks, shower enclosures and different safety features for the bathroom. This part of his business has gotten bigger since its humble inception.

“We used a portable display originally that we used at shows,” Sayles said. “We wanted to recreate what an actual kitchen or bathroom looks like so people can see what we do in full scale. That’s the main goal of the showroom—you can actually see and feel what you’re going to buy.”

Business has been going well for the Sayles family as they recently moved to a new building in September. The new facility is 9,600-square-feet and the showroom is three times bigger. To put that into perspective, he originally started out in a 1,200-square-foot building and their previous building was 7,000-square-feet.

For more information about becoming an independent franchise business owner with Miracle Method, please click here or call 855-212-7337.