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