Home inspection is a high-profit margin industry as there are very little start-up costs and a lot of income opportunities. Of course, a home inspector’s salary varies depending on a number of factors including location, number of inspections per week, and additional services offered.
Home inspection is an industry built on trust, transparency and credibility. Typically, new home inspectors conduct 1-100 inspections per year, and as a result, earn an average salary. However, as the inspector gains confidence and knowledge, builds relationships with clients and real estate agents, and gets trained and certified to offer additional services, more inspections are scheduled, and more revenue is generated.
In the U.S., the average salary of a home inspector is $60,000 – $65,000, but inspectors are known to earn anywhere from $40,000 – $80,000+ per year. Again, this number is greatly determined by multiple factors that will be discussed in the next section of this article. However, to help potential inspectors get a better idea, the average cost of a Full Home Inspection ranges from $300-$600, with the average WIN home inspection costing $528.
Factors That Affect Earning Potential of Home Inspectors Income
Housing prices, the cost of living and cost of home inspection services all contribute to earning potential.
Working with clients is all about establishing a good reputation in your community. By being more experienced, inspectors are able to offer more services and in return receive more referrals from clients and real estate agents.
Number of Inspections
Inspections are the bread and butter of the industry. Offering and booking more inspections will lead to higher income. Successful home inspectors average four or more inspections per week, and they earn at the higher end of the pay scale.
Offering Additional Services
While full home inspections may be the most popular inspection booked, there are other critical inspection services that homeowners, buyers and sellers need. Home inspectors who offer a variety of health and safety services as well as maintenance services, tend to gain repeat customers, referrals, and more business in their communities.
Independent Home Inspector vs. Home Inspection Franchise Owner
When becoming a home inspector, there are generally two main paths of entry – becoming an independent home inspector or joining a franchise system. While becoming an independent inspector may sound appealing, joining a franchise system is often a more suitable option because they are backed by a proven system and have lower start-up costs.
In both cases, entrepreneurs get to start their own business and be their own boss. However, by partnering with an established and trusted franchise system, entrepreneurs will gain instant credibility in the market, be backed by marketing and business support, and have access to tools and technologies that set them up for success. Having these resources available limits costs for new business owners and helps them launch and grow more efficiently.
While inspectors of all types typically earn the same in their first year, independent inspectors typically have more costs (HR and payroll systems, marketing, technology, etc.) that take away from their income.
How Quickly Can New Home Inspectors Start Earning
No matter where they live, all home inspectors undergo specialized training. Once they are certified or licensed, the earning potential is limitless. While they can’t perform inspections until training is complete, they can begin to market themselves, build their online presence and learn the ins and outs of running a business. Then, when they’re ready, they can start booking inspections and earning a decent living.
Not all franchises are the same, especially home inspection franchises. WIN Home Inspection is uniquely positioned in the industry to offer homeowners, buyers and sellers more. WIN has the largest support team and the most innovative technologies and systems to help entrepreneurs drive success. WIN also have the most robust training programs for both primary and ancillary services, so inspectors can offer more and in return, earn more. Interested in learning more about your potential with WIN Home Inspection, give one of our Franchise Advocates a call at (800) 967-8127 or email us at firstname.lastname@example.org.