With the housing market rapidly recovering, WIN Home Inspection franchise owners are capturing an outsized share of a growing industry
WIN Home Inspection is one of the fastest-growing home inspection franchises in the country, and it is ranked as a top franchise opportunity by Entrepreneur magazine, Franchise Business Review and by G.I. Jobs. WIN stands apart from competitors by offering a consistent, professional home inspection service that home buyers appreciate and real estate agents respect. Training, technology and marketing support help franchise owners develop loyal relationships in the real estate industry that lead to a steady stream of customer referrals.
“There are many reasons why Realtors and homebuyers choose a WIN Home Inspection franchise for their inspection needs,” says WIN Chairman Thomas Knapp. “Chief among them are our sophisticated software and professionalism. Our advanced software technology quickly provides a report for Realtors and home buyers. Secondly, our professionalism — the way we dress and the courtesy we show to our clients — stands above our competitors. That’s why Strategic-Partners continue to see growth year after year.”
When a WIN inspector arrives for an inspection, they pull up in a white van, SUV or crossover vehicle branded in WIN colors and with the WIN logo, and they emerge dressed in a WIN-branded polo. Inspectors tote a tablet or convertible PC that is used to perform the inspection. Everything about our inspectors’ appearance and demeanor is designed to be welcoming, crisp and professional.
Below are three reasons why the WIN home inspection franchise is a best-bet investment:
The housing market is steadily recovering
While it is too soon to say how many homes will be sold in 2015, the lasting effects of the housing crisis of 2008 are in sharp decline. The NAR reports that nearly 5 million homes were sold in 2014, and 2015 is likely to be an even stronger year for both the housing industry and the home inspection industry alike. Why? Zillow reports that the median home value is currently set at $182,000 in 2015, which is a 3.2% increase over the year before, and the numbers show no signs of slowing down. Zillow projects median home prices will rise by 2.4% in 2016.
With the housing industry recovering at a steady pace, the home inspection industry is thriving — in large part because as the Independent Home Inspectors of North America points out: for homeowners, a home inspection provides “relatively inexpensive peace of mind.”
The home inspection industry is booming
With the National Association of Realtors reporting that 99% of its members recommend an inspection, and that 77% of all home buyers hire inspectors before making their purchases, it is no surprise that the home inspection industry is valued at $1.5 billion per year.
“Let’s put home inspection fees in perspective: If you’re buying a $400,000 house and the inspection fee is $700, that’s less than 0.2% of the cost of the house,” The IHINA reports on their website. “Most real estate agencies charge 3% to 6% to sell a home, that would be $12,000 to $24,000 for a $400,000 house! The cost of a home inspection is a bargain, even if you paid $1,500 for the inspection, and most are less than half that!”
WIN Home Inspection franchise has been growing steadily for years
WIN’s revenue has been growing sharply since 2010, and we are increasing our market share. As home sales continue to climb and gather steam, WIN expects strong revenue growth to continue. Our most recent Franchise Disclosure Document reflects our consistent growth: The WIN Home Inspection franchise reports a 32% increase in overall revenue from 2010 to 2014. That number reflects the dramatic and continuing rise in the demand for home inspection franchise services.
Startup costs for a WIN Home Inspection franchise can begin at just $33,900, and in some instances in-house financing to cover a portion of the startup costs is available for those with good credit.