******I’ve long considered starting a part time home inspection business and have a few questions.
A little background:
In my current job I work 12 hours shifts rotating between days and nights. I usually work 2-3 days or nights followed by 2-3 days off. The days off are when I’d plan to do my home inspections. I do not work in a Real-Estate or Construction related field. I do work in a detail oriented field and consider myself fairly handy around the house. Before attempting to start a business I would complete a certification coarse and join NACHI. In the past I had somewhat ruled the idea out as it seemed like a pretty difficult business to start part time and be profitable or recoup my initial investment relatively fast. Mainly because of the errors and omissions insurance needed and cost of the initial training. Now I’ve read some insurance company’s offer a pay per inspection option that has me reconsidering.
- Is it possible to be profitable part-time?
- Is averaging one inspection per weak reasonable & obtainable?
- Is it fair to expect $300-$500 per inspection in Southern California for homes ranging between 1200-2000 sq./ft?
- Would a pay per inspection insurance option be a good idea?
What advice would you as experienced Home Inspectors give me? All / any advice will be greatly appreciated.
Thanks in Advance,