How to Start a Home Inspection Business ($176K a year)

Real Estate is going to make a return here soon with rates projected to go down. There is going to be a MASSIVE NEED for home inspection businesses. If you are near a larger city, you can take advantage of this future BOOM and start this business today.

How much does it Cost:
$400-$1,000 for a license
$800 a year for software to instantly create reports.
$1,000 in equipment (Moisture Meter, Receptacle Tester, ladder etc.)
$500 marketing / website
$700 insurance
START UP COST: $3,500-$4,000

HOW MUCH CAN WE MAKE/CASHFLOW
$300 - $500 per inspection depending on size.
Time – 2-4 hours – Reasonable to do 2 a day
2/day – 5 days a week = 10 inspections a week = 4 weeks = 40 inspections a month
Average $400 = $16,000 a month revenue
*11 months = $176,000
$176,000 - $4,000 (startup cost) = $172,000 CASHFLOW

Positives of this business:
Low start up = Profitable
Always needed.
Scalable within reason
Can be a side hustle

Think of ways it will fail:
Marketing – Local Marketing, Create Website with SEO, Network with home builders, realtors, mortgage brokers, etc.
Quality: Needs to be licensed and good.
Showing up: Got to show up.

Legal Up
LLC
Insurance
Customer Agreement

#homeinspection #realestate #businessideas #businessidea #sidehustle #sidehustleideas #business #entrepreneur #entrepreneurship

[dennisnylander]

Great video.
I live in sweden and just got my license as a house inspector. We charge a little bit more here.

We charge between 900 - 1100/$ for a normal sized house.

[koltenturner]

It's important to note that most home inspectors do not start making anywhere near $176k in their first several years of business. This is an industry that takes time and relationships. About 80% of new business home inspectors close up shop because of unrealistic expectations.

[NewAgentHQ]

Interesting business, I have some friends in this industry.

[Micus]

I love the idea, I am a chef and I 'm tired of the kitchen. How do I get intouch with you?

[Doyouwannaridefor]

Great explanation. Litterally took us through everything 👏🏿

[diegocaceres]

what would be the cause of a lawsuit to a home inspector?

[carmenramos]

Good morning l really need to start my business excellent info you sharing l know in California there’s no license required but where do l get a training thanks God bless you ! 😇

[wentherethis]

Hi Nate - great info! This is my third full year in business and we should hit $225K this year (we're at $160k right now). What do you know about valuing an inspection business for selling? I'm not selling any time soon, but likely in the next 5-10 years. I have one other employee right now, but plan to grow it to 5-10 inspectors. Just curious about your thoughts. Thanks!

[Painfulwhale]

Are google ads worth it for home inscription jobs? I unfortunately need to get the business off the ground as soon as possible.

[bigjones]

So i have a thermography specialist certification, will that help be able to make more money in this industry?

[carlostorres-espl]

Do you need to pay a home inspector your first year in some states

[layparisss]

Do the people you contract out to need to be licensed to do inspections?

[Balaji-qdvs]

What is the best platform for getting clients..? Google ads or FBads?

[tomfiddich]

Love the info, where can I contact you for more info?