Three Facts You Didn’t Know about Building Inspections

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From May 2017 to May 2018, there were 5.34 million existing homes sold in the United States. That’s despite the average $297,371 price tag of existing single-family properties (January to July 2018).

New homes were even more expensive. They averaged $377,242 for the same time period.

No wonder then that buyers to want their soon-to-be-homes thoroughly inspected! It’s because of this need that the nation’s building inspection industry has grown to become a $3-billion sector.

Now, who wouldn’t want to become part of that booming market? Even better news is that franchising opportunities have made it simpler too. Here’s what you need to know.

1. Building inspections are for both buyers and sellers

Home buyers aren’t the only ones who hire building inspectors. Sellers also hire them in preparation for the sale of their homes.

Now, consider the fact that millions of buyers and sellers transact every year. That means building inspectors have so many profit-making opportunities.

2. Professional building contractors also rely on building inspectors

Building inspections are also a form of B2B (business to business) services. After all, interior designers, architects, engineers, etc. also work with inspectors.

These professionals need to make sure that their clients’ properties are structurally-sound and safe. For that, they rely on the expertise of trained, knowledgeable, and experienced building inspectors.

3. A franchise is the easiest way to become part of this booming market

Why invest in a building inspection franchise then? For starters, because you can start making profits sooner than if you launched your own company from the ground up. That’s because you need a much lower capital, thanks to lower upfront overhead costs. The most reputable franchising companies even cover training, equipment, and marketing costs in their programs.

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So… What are you waiting for? Franchise a building inspection business now. The sooner you do, the earlier you can build your potential client list.