There are many different franchise businesses you could get involved in; however, not all of them will offer the same return that owning a home inspection business can. The home inspection industry is a fast-growing and recession-resistant industry. With 126 million households in the U.S., according to the Pew Research Center and the U.S. Census Bureau, and new construction neighborhoods on the rise, home inspection services are here to stay.
If you’re not yet convinced to own a home inspection franchise, here are the five top reasons to choose the home inspection industry:
Low Startup Cost
Home inspection is a low start-up cost opportunity. Other industries, such as retail and food service, require a physical storefront, extensive inventory and a team of staff members; however, home inspection has little to no overhead and does not require a storefront, inventory or full staff.
Highly Resilient and Recession Resistant
Just as there will always be homes being sold and built, there will always be a need for home inspection services. According to the National Association of Realtors, 99% of its members recommend a home inspection to their clients who are purchasing a home. They recognize the importance of getting a home inspection before the deal closes.
Home inspection is a massive, multi-billion-dollar industry and it is expected to grow 10% by 2026, according to the Bureau of Labor Statistics.
High Profit Margin
The home inspection industry is much more than just conducting a full home inspection during a real estate transaction. There are a number of value-added services that franchise owners can offer to increase their revenue and profitability such as pest inspection, air and water quality tests, sewer scope, infrared scanning, pool inspections and fireplace inspections.
No Prior Experience Required
As with any business, you’ll learn new skills and grow personally and professionally. Luckily, home inspection is an industry that requires no prior experience, just passion and commitment! Partnering with a franchise system that has a comprehensive training program can set you up for success and issue you all the training and certifications you need to start your business.
Because of its low overhead and high-profit characteristics, the home inspection industry provides a unique opportunity for flexibility personally, professionally and financially. As the owner of a home inspection franchise, you can grow as a sole operator or you can build a team of additional inspectors, you can invest in offering more services and technology or you can stick to you bread and butter, and you can define what success looks like for you, allowing you to play to your strengths.
With an estimated 7 million home sales in 2021, according to the National Association of Realtors and the U.S. Census Bureau, home inspections are in high demand. Majority of home sales include a home inspection, and it is considered a critical step in the closing process. With health and safety concerns increasing over the last few years, there has been a growing need for essential testing services including air and water quality, radon and mold. Apart from that, home inspectors can offer annual maintenance services, including home maintenance inspections, fireplace and chimney inspections, and pool and spa inspections. These inspections are recommended annually to identify preventative maintenance items and ensure the safety of these systems and thereby providing ample opportunities to home inspectors to add to their revenue streams
WIN Home Inspection is uniquely positioned in the industry’s market, as they offer in-house training and certification programs not only for home inspection services, but also for light commercial and health and safety services. Virtually all WIN franchise owners launch their businesses with little or no prior experience in the home inspection industry, as they receive all the training and certifications, they need to run their businesses successfully. With the lowest start-up cost and the largest support team, WIN Home Inspection offers entrepreneurs an incredible opportunity to utilize their strengths and grow a business they can call their own.
If you’re interested in building a business in an essential and evergreen industry, start your journey with WIN! Give one of their franchise advocates a call at (800) 967-8127 or email at email@example.com to know more about this franchise opportunity.