Cost to Start a Home Inspection Business

If you’re interested in starting a home inspection business, there will be a few upfront costs and investments you’ll need to make before you begin performing inspections. With a bit of planning and saving, you can make the right investments necessary to get your business up and running. Before you can begin the process of conducting business, you’ll need to do a few things, including going through training, taking a certification exam, getting licensed, and finding the right software. Some equipment and tools are also required to operate a successful home inspection business. Read on to learn more about some common home inspection business start-up costs and what you’ll need to get the ball rolling.

What are home inspection business start-up costs?

It’s important to note that not all home inspection business start-up costs are the same across the board. It depends on what state you’re doing business in, what type of training you receive, and other factors. Here are the most important things you’ll need to pay for to get your business started:

  • First, you’ll need to enroll in some kind of training school or remote home inspection training classes. The cost depends on which school you choose and what type of certification you plan to receive.
  • Some schools charge an additional fee to take the final exam, while others include it in the tuition cost. Make sure you confirm whether or not your exam fee is included before you enroll.
  • Depending on your state, you may need to pay a license application fee and a separate license fee in order to be fully certified/licensed.
  • Once you have your certification, you’ll need to invest in high-quality software that helps you track appointments, market to customers, and keep on top of things like billing so that your business runs smoothly.
  • Every home inspector should have some basic tools and equipment, which we’ll discuss later.
  • If you’re planning to branch out, you’ll also want to add the cost of marketing and networking to your start-up costs. 

How lucrative is a home inspection business?

If you live in an area where real estate is booming, your home inspection business can be quite lucrative. The amount of money you bring in depends on how much work you perform, what you charge, and where you live. Overall, having a home inspection business is lucrative for those who perform home inspections consistently and build a quality client base. 

What’s the average annual revenue of a home inspection business?

A non-franchise home inspection company can have an estimated annual gross revenue of approximately $144,000 if 400 inspections are performed at an average of $350 each. A franchise home inspection company will have the same amount of revenue; however, the total will be reduced by around 12% or so due to franchise fees. Keep in mind that these numbers are before you pay for things like operations, marketing, and other business-related costs. Your revenue will also fluctuate depending on what you charge for each inspection, how many inspections you perform, and whether or not you have other people working for you that must be paid. 

What are the benefits of having a home inspection business?

One of the main benefits of having a home inspection business is that you’re able to work for yourself. Depending on how much work you take on, you will also have complete control over your schedule, which means you’ll have a flexible career that works for your lifestyle. Most home inspectors enjoy what they do because it gives them a chance to help others. As a professional home inspector, you’re allowing potential home buyers and home sellers to find out important things about their property. A home inspection is a valuable service, and you’ll have the satisfaction of knowing you’re able to provide it to your clients. Inspecting properties allows you to learn new things, so there’s always something exciting and new to discover, too.

How to start your own home inspection business?

The first step in how to start your own home inspection business is determining your upfront costs and savings. Next, you’ll need to enroll in training classes in order to take your exam and get fully licensed and certified. Invest in some quality tools and equipment that you’ll need to do the job. Once you receive your license, you can begin the process of marketing and reach out to customers. Make sure you choose a quality inspection software program that will make doing business easier. Decide on a name for your business, set up a website, print some business cards, and work on branding for your inspection business. After you have all of these things in place, you can start scheduling your inspections. If you need help finding customers, reach out to some local real estate agents in your area. They’re a terrific resource for networking and finding new clients. 

What equipment do I need to start a home inspection business?

You will need some basic tools like sturdy ladders in a few different heights, a quality flashlight, and a digital camera so you can take photos when performing home inspections. Other key equipment includes various meters to perform basic tests. This includes an A/C voltage detector, a moisture meter, and an infrared thermometer if you plan to offer heat loss or gain and moisture testing. Basic tools like pliers and screwdrivers are also key. Don’t forget to put some money aside for a tablet or laptop so you can draft your reports on the go. Additional costs may include an office (if you’re planning to hire people), a quality vehicle like a pickup truck that can hold your ladders, and marketing costs, including web hosting and business cards. 

Where can I find licensed home inspectors for my home inspection business?

You’ll need to decide whether your home inspectors will be employees or independent contractors before hiring people to work for you. It’s recommended that you search the databases on the ASHI® and InterNACHI® websites to find certified home inspectors in your area. Other ways to recruit people can include putting ads out in your local newspaper’s classified section, using career websites to list job opportunities, and through social media. You can also talk to several real estate agents near you and tell them you’re looking for certified home inspectors. 

What’s the best home inspection software for a home inspection business?

The best home inspection software should make doing your job easier. Look for software that includes things like appointment and scheduling management tools to help you stay on task. High-quality home inspection software will help you bill customers and accept payments, market your business, and integrate with vendors and reporting software. The software should also offer the ability to automate things like messages to customers, payment capture, follow-up emails, and more. Running your home inspection business will be seamless with the right software in place. 

Bottom Line

With proper budgeting and a bit of planning, you can start your home inspection business for a reasonable cost. Make sure you factor in things like training and licensing, software, equipment and tools, and marketing. Inspection Support Network is here to help you succeed. Explore our resources section to find helpful articles, and more so you can start inspecting homes and making money.