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.
How much does a home inspection franchise cost?
A home inspection franchise costs between about $30,000 and $260,000. Most franchises fall somewhere in between $40,000 and $60,000.
Are home inspectors in demand?
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.
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.
How much does a win franchise cost?
How much does a WIN Home Inspection franchise cost? WIN Home Inspection has a franchise fee of up to $22,000, with a total initial investment range of $45,150 to $67,600.
How much should a home inspection cost in NJ?
How much does a NJ home inspection cost? A typical home inspection in New Jersey can cost $300 to $500 or more, depending on the location and size of the home. In Trenton, for example, the average price is $420, according to HomeAdvisor.
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.
What tools do I need to start a home inspection business?
Basic inspection tools include ladders ($200-$500) and testing equipment such gas and moisture detectors, circuit tester and a voltage “sniffer”, and an infrared thermometer. You’ll also need some basic tools such as screwdrivers and pliers.
How do you get a home inspection license?
GETTING STARTED IS EASY
- Step 1 — Understand Your State’s Regulations. …
- Step 2 — Choose School for Your Pre-Licensing Requirements (if required) …
- Step 3 — Take Your Pre-Licensing Course. …
- Step 4 — Take Your State’s Home Inspection Licensing Exam (if required)
How much do home inspectors make in CA?
The average salary for a home inspector in California is approximately $73,000 per year.