Apr 26
Can be a side business (or income stream) that compliments your existing business.
Provides the opportunity to be your own boss.
You do not have to sell a product (only your services.)
Customers pay at time of inspection. No bill collecting. What is the nature of the work? For detailed information on Home Inspections, check out the 2010 Online Occupational Outlook Handbook. This is a US Government website that provides very in depth detail about most of today's occupations. In basic terms, whenever someone buys a house, or commercial building, they call in an Inspector to check it out and verify the condition of the property. The Inspector then provides a detailed report about the property to the prospective buyer. The buyers use this information to determine if they are still interested in the property, what concessions to ask of the seller, and possibly to help determine the purchase price. What is the ideal background for Home Inspecting? Individuals are getting into this business from many different backgrounds. Training is required (see below) so your exact background is not as important as how hard you work and how determined you are to achieve success. That said, here are some backgrounds that are naturals for this business - Construction worker
Plumber, Electrician, Carpenter, and etc...
Real Estate Agent/Broker
Real Estate Appraiser
Mortgage Broker How much do Home Inspectors Earn? Earnings will vary depending on the location of your business. Prices throughout the Country seem to range from $250 to $500 per inspection. The average Inspection takes approximately four to five hours. The numbers look good particularly if the business is initially started as a side project. Say a new business conservatively did just one job per week for the entire first year at a Net Profit per job of $250. The Net Profit for the full year would be $13,000. Not bad for a side business with no employees or inventory risk. How do you become a Home Inspector? All States have different licensing requirements. Be sure to check out the specifics for your state. As an example, here is the training required in New York State - 100 classroom hours
40 hours in the field After you've completed the training above you need to pass a State exam to get your license. If the thought of going back to "school" sounds horrible, you are in the same boat with a lot of other people. The good thing about the 100 hours is that it keeps a lot your potential competitors out of the business. Like licensing requirements, training costs will vary depending on your location. On average, the 140 hours will cost about $4000. Again, the cost is high but it will help keep many potential competitors from getting into the business. Once you get your license you are ready to set up shop and start making money. If you are interested in a Real Estate business opportunity but hate the thought of selling, this could be a great small business opportunity for you. Enjoy the Chase! MattI am a Licensed Real Estate Appraiser and Investor who owns multiple income properties, both commercial and residential. Besides Real Estate, my passion is creating and developing multiple [http://www.chasingincomestreams.com]income streams. I worked in corporate sales for many years and am now enjoying the far more rewarding entrepreneur lifestyle. If you are interested in learning how to make more money either online or offline, please check out my website where we discuss a broad range of strategies for earning extra income. All of the strategies we discuss require hard work and persistence. If you are looking to get rich quick, this is not the site for you. If the idea of starting your own small business on the side has alway intrigued you, then I invite you to stop by and join in the discussion. Enjoy the Chase! http://www.chasingincomestreams.com/ Article Source: [http://EzineArticles.com/?Home-Inspection---Start-Your-Own-Business-Inspectin...] Home Inspection - Start Your Own Business Inspecting Properties and Earn Extra Income
Home Inspection - Start Your Own Business Inspecting Properties and Earn Extra Income
The Real Estate Industry is massive and affects us all because everyone needs a place to live. Due to the size and complexity of the Industry there are many ways for Entrepreneurs to profit from Real Estate. As we all know, the Industry is very volatile which makes some business opportunities more risky than others. One area of the Real Estate Industry that can be very profitable for the right individuals is Home Inspections. This business is very appealing for a number of reasons, such as - Can be a home based business.Can be a side business (or income stream) that compliments your existing business.
Provides the opportunity to be your own boss.
You do not have to sell a product (only your services.)
Customers pay at time of inspection. No bill collecting. What is the nature of the work? For detailed information on Home Inspections, check out the 2010 Online Occupational Outlook Handbook. This is a US Government website that provides very in depth detail about most of today's occupations. In basic terms, whenever someone buys a house, or commercial building, they call in an Inspector to check it out and verify the condition of the property. The Inspector then provides a detailed report about the property to the prospective buyer. The buyers use this information to determine if they are still interested in the property, what concessions to ask of the seller, and possibly to help determine the purchase price. What is the ideal background for Home Inspecting? Individuals are getting into this business from many different backgrounds. Training is required (see below) so your exact background is not as important as how hard you work and how determined you are to achieve success. That said, here are some backgrounds that are naturals for this business - Construction worker
Plumber, Electrician, Carpenter, and etc...
Real Estate Agent/Broker
Real Estate Appraiser
Mortgage Broker How much do Home Inspectors Earn? Earnings will vary depending on the location of your business. Prices throughout the Country seem to range from $250 to $500 per inspection. The average Inspection takes approximately four to five hours. The numbers look good particularly if the business is initially started as a side project. Say a new business conservatively did just one job per week for the entire first year at a Net Profit per job of $250. The Net Profit for the full year would be $13,000. Not bad for a side business with no employees or inventory risk. How do you become a Home Inspector? All States have different licensing requirements. Be sure to check out the specifics for your state. As an example, here is the training required in New York State - 100 classroom hours
40 hours in the field After you've completed the training above you need to pass a State exam to get your license. If the thought of going back to "school" sounds horrible, you are in the same boat with a lot of other people. The good thing about the 100 hours is that it keeps a lot your potential competitors out of the business. Like licensing requirements, training costs will vary depending on your location. On average, the 140 hours will cost about $4000. Again, the cost is high but it will help keep many potential competitors from getting into the business. Once you get your license you are ready to set up shop and start making money. If you are interested in a Real Estate business opportunity but hate the thought of selling, this could be a great small business opportunity for you. Enjoy the Chase! MattI am a Licensed Real Estate Appraiser and Investor who owns multiple income properties, both commercial and residential. Besides Real Estate, my passion is creating and developing multiple [http://www.chasingincomestreams.com]income streams. I worked in corporate sales for many years and am now enjoying the far more rewarding entrepreneur lifestyle. If you are interested in learning how to make more money either online or offline, please check out my website where we discuss a broad range of strategies for earning extra income. All of the strategies we discuss require hard work and persistence. If you are looking to get rich quick, this is not the site for you. If the idea of starting your own small business on the side has alway intrigued you, then I invite you to stop by and join in the discussion. Enjoy the Chase! http://www.chasingincomestreams.com/ Article Source: [http://EzineArticles.com/?Home-Inspection---Start-Your-Own-Business-Inspectin...] Home Inspection - Start Your Own Business Inspecting Properties and Earn Extra Income
