Not many investors are drawn to the death care industry, not because of the drawbacks and low returns, but because not many people would want to do it. The death care industry is arguably not for everyone.
There are only a few good people across the UK who concentrate on converting spare lots into burial sites. Investors would usually go for mainstream assets, such as buy-to-let properties, car parks, student housing, and anything else that doesn’t have anything to with death.
But to some business owners and investors, the industry offer numerous opportunities they cannot miss. Because death is inevitable, and one way or another, somebody’s got to do the job of providing services related to death.
Funeral Homes and Cemeteries
In the UK, many families still prefer resting their deceased loved ones in a private burial plot. Despite the many environmental and economic issues surrounding the industry, there are people who wish to arrange private funerals for their loved ones.
There have been many improvements in the planning of funeral services. Embalmers, for example, utilise restorative techniques to perform a presentable “open casket” wake. Today, cemeteries no longer look like those old, mist-covered graveyards we see in horror movies. In fact, cemetery plots, such as those in Eastern London, now resemble public parks and perfectly trimmed English landscapes. Surviving relatives would pay an annual upkeep fee to keep the grass low and the headstone clean, regardless if someone’s coming to visit.
Due to a shortage of burial sites and the knowledge that the traditional internment ritual is no longer sustainable, cremation has become a popular alternative. Cremation appeals to many people as it is cheaper and friendlier to the environment.
Modern crematoria have been in the UK since the 19th century, but it is only recently that people started accepting it as a better alternative to internment. Its biggest appeal is that, since the cremation process is carried out in a controlled environment, it poses no risk to public health and the environment. What’s more is that surviving family and friends get to keep the ashes and do whatever they want with it, like keep them in urns or store them in jewellery pieces.
Burial and cremation trends will ceaselessly evolve. People will continue to seek personalised funeral arrangements for their deceased loved ones, and the role of the death industry is to provide options. Even though regulations become stricter, companies still manage to find new life in the death industry.