|Chances are if youíre reading this youíve thought about becoming a home inspector. You may have even seen the ads that say you can make hundreds of dollars a day as a home inspector. Home inspection schools put many of these ads out. They paint a rosy picture about the profession and how easy it will be for you to make a ton of money virtually overnight. Iím a Professional Real Estate Inspector and Iím going to tell you what the home inspection schools donít want you to know about this profession!|
What the Home Inspector schools arenít telling you
What these schools and the various companyís selling Home Inspection courses wonít tell you is how difficult it is to be successful in this business.
The National school that I attended for my inspector education made it sound so easy to get started. They explained how easy it would be to start doing 1 home inspection a day with little or no effort.
I have many soon-to-be home inspectors email me and call our office asking about the business.
This business is like any other. It takes dedication, strong finances and time to become successful.
Think youíll get started with no money up front?
Many schools do not tell you about the liability side of the home inspection industry. The home inspection industry is a very high liability profession. Every home you inspect is a potential lawsuit. It doesnít matter that you may be the most thorough inspector in your area. Inspectors are sued over things that the homeowners thought they should have found whether or not you could see the defect or not. Thereís an old saying in this business. ďItís not IF you get sued, but WHEN you get sued.Ē
If you canít live under this pressure, youíd be best off looking elsewhere.
Think youíll get started with nothing but a ladder and pickup truck? Well, hereís more bad news. Youíre not. If you do, you wonít be around long.
A new inspector is going to need about $5000 worth of tools just to start.
Then there is about the issue of insurance. Errors & Omissions Insurance will cost a new inspector (if you can even get it) anywhere from $3500 to $5000 per year. Then thereís General Liability Insurance that will run you from $400 to $1500 per year.
In some states, you canít even get started without this insurance.
Do you have a nest egg? I hope so.
Just like any new business, the 1st year will be a rough one. It may take you from anywhere from 6 months to 2 years to get to the point where youíre bringing in a steady income.
Many inspectors came into this business by doing home inspections on the side or part time. That is the approach I would advise any new inspector to take. Donít quit your day job just yet!
What about the Real Estate Agents?
The schools make it sound like thereís an agent behind every tree just waiting for you. Odds are they have their favorite inspector already and theyíre not likely to use a new inspector because they do not know what to expect from you. It will take you many months up to a year or more before youíll be getting regular referrals from real estate agents. Donít count on them to feed your family when you first start.
This industry can be very rewarding in many ways. However itís likely to leave a sour taste in your mouth if you enter thinking that itís a pushover to get started. Iíve seen way to many good people go broke trying to get started in this business because the home inspection schools left them unprepared for what they were about to face in the real world.
About the Author
Donald Lawson is a Professional Real Estate Inspector licensed in Texas (#5824) and Oklahoma (#454) and currently owns V.I.P. Home Inspections, a multi-inspector firm in Houston Texas. You can find more articles and resources at his site V.I.P. Home Inspections.
Just A Series of Choices
Steveís a pretty regular guy Ė wife, 4 kids in their blended family, 12+ years of engineering experience, a degree, mortgage, car payments, some debtÖ and feeling depressed because he waited to look till the end. Last time he transitioned was 5...
Research indicates that we retain only 10% of what we hear; 20% of what we see; 65% of what we hear and see; but 90% of what we hear, see, and do. Every day at work we demonstrate Hear-See-Do when we use a combination of our knowledge, wisdom and...
Evaluating Job Offers -- Eleven Warning Signs You Must Watch Out For
Moving into a new job always involves some degree of uncertainty. You should do your best to find out all you can about a prospective employer, starting right from the pre-interview stage. Here are some things to look out for. If one or more of...
HOW TO WRITE A BETTER RESUME
HOW TO WRITE A BETTER R…SUM… INTRODUCTION There are as many opinions on the subject of resumes as there are job seekers! Some of the more popular opinions are centered on the use of objectives, summaries, profiles, title headings, keywords,...
Keep Preschoolers Cool about School
Keep Preschoolers Cool about School The first day of school is a momentous occasion for parent and child. Excitement, tinged with uncertainty, fills the weeks before September. Anxious mothers coax awkward five-year-old fingers to tie shoelaces...