What’s the Market for a Home Inspection Business?

Inspector + Cabinet2If you’re interested in starting a property inspection business, you’re undoubtedly curious about the market for home and commercial building inspections. The past year’s recovery of the housing market and its current stability are positive signs for the inspection business. But, according to an article posted by the American Society of Home Inspectors (ASHI), the market for home inspections speaks for itself:

  • The majority of home buyers (77 percent) order a home inspection prior to purchasing a home. Among these:
    • 81 percent had a contingency for the inspection in the contract.
    • 79 percent attended and participated in the home inspection.
    • 97 percent believe the home inspection was a good value for the price they paid.

Furthermore, the 2014 year-end sales results provided by National Association of REALTORS®  revealed that 4,940,000 existing homes were sold, and according to the U.S. Census Bureau, 437,000 newly constructed homes were sold. At an average cost of $300 per home inspection, there’s plenty of money to be earned in the business.

In addition to inspections, home inspectors often obtain certification to provide specialty services outside basic home inspections: Mold inspection and testing, thermal imaging, radon testing, and wood-destroying organism inspections are among the most common additional services that inspectors offer. By providing these and other specialty services, home inspectors increase their earning potential and their sales.

Now is a great time to start a home inspection business. You’ll be your own boss, set your own schedule, and enjoy a challenging and rewarding career. And, when you become a franchise owner with National Property Inspections or Global Property Inspections, you’ll receive additional training so you can further diversify your business by offering commercial building inspections.

Learn more about franchise opportunities with NPI and GPI by contacting Julie Erickson at julie.erickson@npiweb.com or 800.333.9807, Ext. 24.

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