Originally Posted By: Senthil Puliyadi
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Dear NACHI People,
I am Senthil Puliyadi (29 years) with a Masters Degree in Civil engineering and license to practice Civil Engineering in almost all States except California (I took my special CA seismic and surveying exams two weeks ago).
I have done enough research and decided to give a whole-hearted try to become a Home Inspector. I attended ASHI, CREIA meetings in the last 4 months to get a general feeling about home inspection. I could not attend NorCal-NACHI meeting on November 6 due to unavoidable circumstances.
OK...Granted that I want to be a Home Inspector. Now, I want to look into the financial side of the business. I want to know the "truth" regarding how much Home Inspectors make, in the midst of sales pitch like "MAKE $200,000 A YEAR" by some home inspection book writers.
I did my own research to verify truth of such sales pitch and I was pleasantly surprised that it could be true. I found out from Internet that the number of houses sold in San Francisco bay area in 2003 was approximately 100,000 (I need to double check this number). Assuming that 70% of the homes are inspected, the number of houses inspected turns out to be 70,000. I have found that there are approximately 100 active home inspectors (from ASHI, CREIA and NACHI website) in SF bay area. Assuming an average of $400 per inspection, the "theoretical" money made by each inspector in SF bay area in 2003 turns out to be (70,000x$400)/ 100 Inspectors = $280,000 per inspector! WOW!!!
I understand that to make $280,000 per year, you have to inspect 700 homes in a year. Is it realistic?
Please enlighten me if I made any miscalculation because of my over-enthusiasm. I might have over-estimated the number of houses sold and/or inspection fee or I might have under-estimated the number of Inspectors. Please advise.
Also, please advise about the pros and cons regarding commercial property inspection.