Work at Home Idea:
Start a Home Inspection Business
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If you have construction experience, or are simply handy around the house, a home inspection service is the homebased business for you.
New home sales are booming. And so is the need for qualified home inspectors, making this one of the fastest growing businesses in the real estate industry.
As a home inspector, you'll examine the interior and exterior of a home and give potential home buyers an objective, informed evaluation.
Our guide shows all the steps to starting out, including where to get the proper training, how to identify lucrative markets, tips for working out of your home, how to market your business, and more.
Order your start-up guide and ride the housing boom to financial success. This guide makes an ideal homebased business.
This guide from Entrepreneur.com is necessary before diving into this home business venture.
Book Excerpt
If you picked up this book, you’re probably either considering a career in the home inspection industry, or maybe you’re just curious about the field. In either case, we’ll explore what it takes to make it in this relatively new, but flourishing field. Flourishing because, as of this writing, there is a housing boom in the United States. The U.S. Census Bureau recently reported that sales of new, single-family homes totaled 940,000 units in just one quarter. With so many new homes being built, and with so many homeowners becoming more informed about their home purchases, you guessed it, many will opt for a home inspection before buying. That’s good news for anyone considering getting into this field.
Just what does the home inspection business involve? A home inspector is called in to inspect a home and examine the major systems and components of the property—from roof to foundation. A home inspection helps buyers understand the condition of the property they’re interested in purchasing and, hopefully, prevents any unforeseen repair bills down the road. Homebuyers are not the only parties to request inspections, though. The seller of a home might also request a home inspection one to get an accurate assessment of the property. This could head off any potential lawsuits stemming from failure to disclose existing problems within the home.
Home Anatomy 101
According to the American Society of Home Inspectors (ASHI), “Home inspections were being performed in the mid-1950s and, by the early 1970s, were considered by many consumers to be essential.” Homebuyers wanted to know more about the properties they were considering purchasing. To meet this demand, home inspectors with backgrounds in construction, engineering, architecture, renovation or municipal building inspection were best suited to the job, according to ASHI.
After about three decades of growth, the home inspection industry is now estimated to be a $500 million market. It is projected to climb to more than $1 billion within the next few years, according to the National Association of Realtors. According to industry experts, more than 90 percent of homes sold in major markets are now professionally inspected compared with only 5 percent in 1980. Nationwide, there are approximately 15,000 home inspectors, reports Scott Clements, public relations director for the California Real Estate Inspection Association (CREIA).
What kind of salaries do home inspectors take home? According to Don Crawford, a board member of the National Association of Home Inspectors (NAHI), a typical income scenario for home inspectors goes something like this: “If you take an inspector, let’s say, over a three-year period, he will start out kind of slow and have to throw some money into the business in terms of growing it. So by the end of three years, he should be making on the low end $40,000, and on the upper end you can figure maybe $80,000 to $90,000 a year without killing himself.”
Inspection Lesson
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This guide from Entrepreneur.com is necessary before diving into this home business venture.
Disclaimer: The information presented and opinions expressed herein are those of the authors
and do not necessarily represent the views of Work-at-Home-Business.com and/or its partners.
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