Home Inspection Franchise Opportunities

The sales of existing homes are on the rise, great news for home inspection franchises. If you have a background as a contractor or home builder, this is a great way to become your own boss in a lucrative field. Home inspections are in high demand from prospective home buyers, who want to ensure that the money they are investing in a property is being well spent. When you partner with a home inspection franchise, you are able to explore your entrepreneurial dreams with the support and guidance of experts in the field to aid in your success.

Did You Know?

Job growth for home inspectors should increase 10% per year until 2026.

SOURCE:
SOURCE: Bureau of Labor Statistics
Building inspection is a $3 billion dollar a year industry in the U.S.

SOURCE:
SOURCE: IBISWorld
The median pay for a home inspector in 2016 was $58,480 per year.

SOURCE:
SOURCE: Bureau of Labor Statistics
77% of all recent home buyers obtained a home inspection prior to the purchase of their homes.

SOURCE:
SOURCE: homeinspector.org

Home Inspection Franchise Opportunities Opportunities:

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Home Inspection

HouseMaster

HouseMaster, a Neighborly company, is the nation's leading home inspection franchise that helps customers take the guesswork out of buying a house.

40k Minimum Cash Required

Home Services Categories:

Types of Home Inspection Franchises

When deciding what home inspection franchise is right for you, consider the types of franchises available. In addition to franchises that perform only residential home inspections, there are also options that concentrate on commercial building inspections. What’s more, as concerns about the environment grow, there are also inspectors that provide environmentally focused inspections and testing of homes. Which kind of franchise you opt for will depend on your interests, area of expertise and what your local market will support.

Why Buy a Home Inspection Franchise

There are many reasons to decide to open a home inspection franchise. Interested entrepreneurs will quickly learn during their investigation of the industry that home inspections are in high demand. In fact, the National Association of Realtors believes that home inspections are among the most crucial things a home buyer should do prior to purchasing a house. When you opt to become a franchisee, you will receive all the backing and support of your franchisor to help lead you to a successful business future, as well.

The demand for home inspections is evident, and so too is the presence of competition. That competition doesn’t mean there isn’t room for your new business in this market, but it does mean that you’ll need to find a way to stand out and gain customers. So here are some ideas to consider as you get going in this field.

Form Plenty of Relationships

Creating valuable relationships is one of the best things you can do when establishing yourself as a trusted home inspector. Specifically, you are going to want to forge relationships with real estate agents, as they are the ones typically referring an inspector to their clients. Most people only buy and sell a few houses during their lifetime, so hiring an inspector is not a recurring need. Agents need inspectors regularly, however, so connecting with them and making your services available is a good starting point.

Be Reliable

Buying or selling a home can be stressful, and there is often a tight timeline to complete necessary items in the process. Missing just one of your appointments could create significant problems for a homebuyer and their agent, so accountability is essential in this industry. Word will spread quickly if you are unreliable to make appointments and deliver reports, so put reliability at the top of your priority list.

Know Your Market

It’s important to stay current on the local real estate market, so you know where to look for work. Specifically, track new developments in the area as those neighborhoods will have a large number of home sales in a short period of time. And, if your company truck or van is seen inspecting one home, you may be called back to inspect others as the neighborhood is completed.

Home Inspection Franchise Opportunities

Did You Know?