Every inspector needs to pay startup costs for tools, training, insurance and more. It’s true: You can become a home inspector in just a few steps (depending on your state), but starting your own business is more intensive. You’ll need an inspection license, a business plan sample, even business cards and a logo.
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.
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 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.
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.
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. … While it is possible to buy or sell a home without a conducting a home inspection, most buyers won’t go this route.