What is a Home Inspectors Salary? It is one of the questions we will answer in this article.
Everything that you could ever wish for in a career is offered in the home inspection industry. High-income potential, a stable industry, flexible schedules, and the ability to work for yourself are some reasons why becoming a home inspector is a great career choice. So if you have been asking if a career in home inspections is for you, read on to see what the average Home Inspectors Salary is.
High-Income Potential
A low salary rate is one of the many reasons why employees resign from their work. If you want to start a career in the home inspection industry, for sure, you would like to know how much a home inspector can make. The best part about the home inspection industry is you can start working part-time, full time or running your own business. The average salary of a home inspector varies significantly by state and city. There are areas where the average pay for home inspectors is very high such as New York ($67,952 average), New Hampshire ($65,844 average), California ($65,171 average), Vermont ($62,208 average), Idaho ($61,397 average).
However, it would help to note that the salaries are also affected by the home inspector’s skill level and years of experience. The national average for home inspector salaries ranges from $53,225-$61,091 per year. Aside from that, home inspectors can also earn extra commission on their work, which averages around $32,000 per year.
In contrast, if you want to own your own business or purchase a franchise, the skies are the limit. Adding employees and ancillary services can increase your income significantly. In addition, owning an inspection franchise cuts down the learning curve and increases your odds of being successful significantly.
Flexible Schedules
Home inspectors are in control of their schedule. They can accept work and schedule inspections when it works for them. Others who have full-time jobs opt to do a home inspection on the side. Finally, some start their own home inspection business in addition to their full-time career. As they get more referrals and begin filling their schedule with the home inspection, they will eventually opt to transition their home inspection business full time.
Low Start-up Cost
Starting a home inspection business is low compared to other business start-up options. So if you do not have a significant amount of money to start a business, a home inspection franchise is for you. To get started, you may be required to get a license, depending on the state that you are in. In states that do not have a licensing requirement, start-up costs will be lower. Aside from the licensing, you will also need insurance, a device to work, reporting software, marketing materials, and a few tools. Again, this is significantly low compared to other businesses that require more start-up expenses.
Steady Industry
A home inspection is essential. A home inspection is a requirement for real estate transactions. There’s never a shortage of work for home inspectors, especially with the countless homes and buildings that need to be inspected. In addition, there are many foreclosed and repossessed homes that are very much in need of a home inspection. So it is safe to say that home inspection is a steady industry.
Provide Valuable Service
A home inspection is a fulfilling job. Imagine being part of your client’s big financial decision. As home inspectors, you provide home buyers with the information they need to make an excellent financial decision. As we all know, purchasing a home is a big financial decision. By providing a quality home inspection service, you give your clients the objective information they need about the house’s condition to help them make a good investment.
Key Takeaway
Starting a career in a home inspection can be one of your most significant decisions in life, and if you are interested in starting your own home inspection business, you can talk with us.
