much money can I make as a Home Inspector?
A home inspector can perform roughly 500 inspections per year. ASHI's
2001 Business Operations Study showed an average of 269 inspections
per inspector per year (including part time inspectors) and an average
inspection fee of $289. At $289 per inspection, 200 inspections would
result in a gross income of $57,800. Inspectors performing 500 inspections
per year can gross more than $140,000.
I need a license to do home inspections?
home inspection field is presently unregulated in Canada. No license
is required to start a practice. In July 2006 the National
Certification and Accreditation Program was established. The
program is based on existing
occupational standards and may be required in the future. The Advanced
Inspection Training Certificate Program meets these standards, as well as those adopted provincially
and in the United States.
big does a market have to be to support me as an Inspector?
500 house sales per year within your travel area (by car) is probably
an absolute minimum. You can get information about the number of house
sales from your local Board of Realtors®.
it good if there are no Inspectors in my area now?
Some people feel it's better to have no competition, others feel the
competition will have educated the market place for them. Either way,
starting a new business is a challenge.
I need insurance?
You will want to insure your vehicle and property, of course. You should
also have liability insurance in case you damage a house or cause an
may also want to purchase Errors and Omissions Insurance that
if a client accuses you of missing a problem in the home (especially
the problem causes financial loss, damage or injury).
is other insurance to consider as well, including health, dental
Do home inspectors work part-time, full-time,
for themselves or someone else?
home inspectors can begin working full- or part-time, for themselves
or within an established business. You have an opportunity to work in
a way that meets your own, unique requirements. Lots of home inspectors,
for example, choose to perform only 4 or 5 inspections per week.
I start my own business?
Many seasoned home inspectors work independently in their own business.
If you have little previous background you may want to buy an existing
firm, consider a franchise, or look at partnering with someone who has
Can I do this part-time?
field has both full-time and part-time practitioners. It is ideal for
a retired, or semi-retired individual or anyone who wants to work part-time.
What does the future look like for this field?
inspections are becoming a common part of every real estate transaction.
Approximately 75% of the 5-million resale homes in North America are
home inspectors expand their knowledge and offer inspections for asbestos,
carbon monoxide, water quality, lead, air quality testing and radon
to name a few.
inspection will also evolve as construction methods and materials change.
The recent introduction of metal floor joists, hydronic radiant floor
heating, steel framing and use of insulated concrete are some examples.
additional training, some home inspectors move into the commercial field.
The opportunities in home inspection are significant and will grow as
this young profession matures.
home inspectors only look at residential dwellings?
Inspections include one to four family dwellings. Inspections are also
done commercially, by people with knowledge and skill in that area.
Some home inspectors expand their business to include commercial inspections.
What are the physical demands of the home inspection field?
inspectors typically work during the day. The job involves standing,
with some squatting, bending, reaching, climbing ladders and crawling
into small spaces. The work of a home inspector is primarily visual.
Because of the limited physical demands of this work, this career appeals
to semi-retired persons who can't do physically demanding jobs.
What skills do I need to be successful?
inspectors need a broad technical knowledge of the systems of a house,
good reasoning abilities and well-developed interpersonal skills to
work in a customer service-oriented profession. They enjoy working independently
and have an interest in how things work. Their ability to communicate
and present themselves professionally are keys to success.