Is the home inspection business saturated?

The Bureau of Labor Statistics says that the home inspection business is expected to grow 10 percent by 2026. This is faster than the average for many occupations. So the outlook is rosy. … Unsurprisingly, inspectors qualified or certified to inspect different types of buildings can expect to have more work.

Is a home inspection business worth it?

The reality is that the owners/sellers of these home inspection businesses, many 1 or 2 man shops, believe they have built something of value that can be sold for 1-1.5x revenues. … Most inspection firms doing $150K a year are worth about $5-$10,000 dollars at the outside.

Are home inspectors in demand?

Job Outlook

Employment of construction and building inspectors is projected to grow 3 percent from 2019 to 2029, about as fast as the average for all occupations. Public interest in safety and the desire to improve the quality of construction should continue to create demand for inspectors.

How do I market myself as a home inspector?

How to Market a Home Inspection Business

  1. Network With Real Estate Agents. Expand your client base by networking with real estate agents. …
  2. Market Complementary Services. …
  3. Use Targeted Advertising. …
  4. Consider Local Sponsorship.
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Is it hard to start a home inspection business?

Launching your own home inspection business doesn’t have to be a dream. It takes hard work and dedication, but there are some fundamentals you can model to assist in starting your new business. Following are some important tips that will help you find success in your new venture through 5 key pillars: Trust.

Do Home Inspectors make good money?

Home Inspector Salary Information

To balance out the risks involved, home inspectors earn an average salary of anywhere between $50,000 and $64,000 per year with benefits for home inspectors employed privately or by the government including medical or health insurance, paid annual leave and a retirement plan.

How long does it take to become a real estate inspector?

Our live and online courses can put you in the field inspecting homes in a matter of 2-3 weeks depending on your current occupation or other obligations. For many it takes 2-3 months to get the right training and acquire the necessary field experience to start your own business.

How many home inspectors are there in the US?

The North American home inspection industry is made up of only about 30,000 inspectors in the U.S. and Canada (nearly 25,000 of whom are members of InterNACHI®), and most of you are about to get swamped with home inspection jobs.

Do home Inspectors always find something wrong?

The first thing for people to realize when selling their house is the inspector is always going to find something wrong,” said David Tamny, owner of Professional Property Inspection in Columbus, Ohio. … Still, it’s in a seller’s best interest to have the home as ready as possible before the inspection.

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How do you counter offer after a home inspection?

We’ve laid them out for you below so you can decide which option might be the best fit.

  1. Ask the seller to make repairs. …
  2. Ask the seller for a concession or credit towards the repairs. …
  3. Walk away from the deal. …
  4. Get estimates first. …
  5. Ask for the most important items.
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