The business is highly lucrative and competitive. Home
owners looking to sell property would readily engage a home inspector to carry
out assessment of the property. This value added service effectively increases
the property value for home owners.
Home
Inspectors Job Description
The home inspector’s job includes identifying
construction defects. They also remodel, construct and follow building codes
and guidelines.
They follow zoning laws and recommend remodeling when
appropriate. Some things inspectors look out for are roof, leaks, faulty wiring
and walls. A home inspector’s function does not include property appraisal and
valuing
- Identifying construction defects
- Remodel
- Construct
- Follow building codes and guidelines
- Follow zoning laws
- Recommend remodeling when appropriate.
- Property condition assessment
- Building diagnostics
Why
Start a Home Inspection Business
A house will depreciate with age and would need repairs.
The home inspector tends to gain inspection fees and additional business if
remodeling is recommended. Other factors are state/government laws, consumer
awareness and pre-purchase home inspection.
Why
Home Inspection Business Thrives
- Building age with time
- Pre-purchase inspection
- Inspection increases property value
- Property condition disclosure laws
- Renovation, remodeling and construction
Types of Inspection
Common
types of inspection are home sellers inspection, four point inspection and
foreclosure inspection. Others include home buyers inspection, pre-delivery,
disaster, plumbing and structural inspection. More are eleventh month inspection
HVAC inspection, section 8 inspection, tree health, pool/spa inspection and
thermal
Types of Home
Inspection
- Home sellers inspection
- Four point inspection
- Foreclosure inspection
- Home buyers inspection
- pre-delivery
- disaster
- plumbing
- structural inspection
- eleventh month inspection
- HVAC inspection
- Section 8 inspection
- Tree health
- Pool/spa inspection
- Thermal.
Permits and Licensing
To
become a home inspector you need to acquire knowledge and get certified.
Knowledge includes roofing, plumbing, woodwork and electrical.
Other
skill includes writing a comprehensive report, building interior/exterior and
state laws. You are required to be a certified home inspector.
Join
a national association or society of home inspectors. Gain knowledge through a
mentor or apprentice program.
Get
a degree in civil engineering and home construction degree. Register the
enterprise as a limited liability company and get liability insurance.
The
limited liability status and liability insurance would protect you against
litigation. You also need a tax identification number to pay your taxes.
Home Inspection
Startup Costs
The
startup costs depend on the office lease, furniture, staff and marketing. An
average estimate would be $4000-$7000.
You
could start a home inspection business from home and reducing your startup to
$500. However you need an office space in your home with appropriate equipment
and furniture. You need a computer, modem, fax, printer and dedicated phone
line.
Average Earnings
The
home inspector charges range from $250-$500 per visit. They make averagely
about $60,000 annually in the United States.
Home Inspection
Office Equipment
There
are a few equipment home inspectors need to carry out their duties. They need a
digital camera, Smartphone, table measure and clipboard. Other equipment’s are
home inspector tool kit, ladder, computer, printer and modem.
Marketing
An
effective tool in your marketing campaign is a website. Build a website for the
business and include site images, testimonials and services.
Include
location, terms and condition, email address and phone number. You can network
with real estate developers, estate agents, mortgage lenders and mortgage
banks.
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