It’s always nice to feel important, and a home inspector, well, that’s an important individual through and through.
If you’re looking at other career options that don’t necessarily carry a high initial risk, a home inspector just might work for you.
The salary of some home inspectors can hit 90k a year. That’s a pretty nice looking number.
Now, before you start thinking being a home inspector is the best thing since sliced bread, we’ll give you a rundown of what the job of a home inspector looks like, pros and cons included.
Since we love playing devil’s advocate, we’ll provide a counter argument for every point, just to keep things interesting.
Pros And Cons Of Being A Home Inspector
1. Captain Of Your Own Destiny Or A Member Of A Crew
Pros: When you become a home inspector, you can start your own company right away.
- If you want, you can make this a part-time job.
- There’s a lot to learn in the beginning.
- Most of it is theoretical since nobody will let you inspect a house without any prior experience.
- So you’ll be spending time home, able to take care of other things as well.
- When you start working with clients, you might not have to adhere to their schedule all the time.
- A house is a house, all you need are keys to get in and do your thing.
- Unlike a realtor, you’re not selling a house; you’re just inspecting it.
- If you like making your own schedule, this might be the job for you.
Cons: However, if you choose to join a home inspection company, you can start getting clients much faster, which means more work from the start.
- Sure, you won’t be making the same amount of money from customers, but you’ll have something potentially more stable.
- Plus, if you choose to join a home inspection company, you’ll have a larger network of people at your disposal right away.
- If you are not that experienced in the construction business, this will probably be a better option.
- But forget about being your own boss then, at least for a while.
2. You Snooze, You Lose
Pros: For diligent people that like to learn new things, being a home inspector can have its benefits.
- The real estate industry is constantly evolving. New technologies are being developed and new laws to keep them in check.
- By working hard, making sure you have the right certificates, and creating a recognizable brand, you’ll be ahead of the competition.
- If you like being on top of your game, people will notice, and you’ll start getting work from left and right.
- This is especially good if you have your own company.
- By ensuring your employees uphold a certain standard, customers won’t think twice about who to choose.
- When money starts coming, you won’t know what hit you.
- But don’t count the chickens before the eggs have hatched. It takes some time to get there.
Cons: For those who think that just by passing the home inspector exam, they’ll learn all there is to it, they’re in for a surprise.
- It can get competitive out there.
- People with real-life experience often become home inspectors as a side hustle, but unlike most, their main job is tied to it somehow.
- Engineers, plumbers, builders, all of them know what to look for and have the credentials to back it up.
- We even wrote an article on a similar topic. See if a real estate agent can also be a home inspector?
- Unless you’re ready to grind a bit or already have experience in this field, you’ll get pushed to the sides fairly quickly.
- Making this your part-time job is completely doable, but it’s not one where you get to twiddle your thumbs and wait for a call.
- Investing time and money is a must. If you don’t like learning new things, and hate relearning standards prone to change, don’t give up your day job.
3. Noble But Sueable
Pros: Home inspection can be a rewarding business.
- Finding a flaw where no one even thought to look can make you look smart as a whip.
- We would definitely put it in the “helping people” type of job.
- People who are selling their house often overlook some things, and you can help them fix some not so glaring issues and bump up their real estate price quickly.
- Also, you can help potential buyers renegotiate a price.
- In a way, you’re never working for both teams, but you’re not really hurting anyone.
- You’re just there to uncover the truth. And the truth will set you free.
Cons: If you fail at uncovering the truth, you can be seen at the court of law.
- If you miss things that were somewhat obvious and your report is incomplete, you can be in trouble.
- This rarely happens since most home inspectors take their job seriously.
- But if buyers or sellers can prove you either lied or missed something, they can file a lawsuit against you.
- If anyone offers you a possible “incentive” to change a property’s perceived value, politely (or impolitely) decline. It’s not worth the risk.
- There’s a certain dose of responsibility in this business; if you’re not willing to accept it, you should steer clear from it.
4. Unpredictable, That’s A Good Thing, Right?
Pros: The good old 9 to 5 job.
- The one where you get up at the same time,go to work at the same time, come to your same desk, talk with the same people you talked to yesterday, and you get back home at mostly the same time.
- Sounds boring as hell.
- Nine to five jobs are pillars of the economy. But boy, do they take the fun out of everything.
- If you hate monotony, home inspection is great.
- You always get new clients and talk to new people.
- You rarely, if ever, inspect the same place twice. You get to travel around your city or state.
- All in all, it’s a pretty sweet gig for those who like to shake things up a bit.
Cons: It can get too shaky, though.
- This applies to you if you’re self-employed.
- If you work for an agency or the government, you enjoy a little safety net your entrepreneurial counterparts are missing.
- Depending on the state the industry is in, you might not get that many clients. If you don’t have clients, you’re not making money.
- And just like that song says: “Money make the world go ’round, money make your girl go……..”
- That’s one of the risks you have to be prepared to take.
- If you’re not good at saving money, a market might take a wrong turn, and the only thing you’ll be inspecting are boxes under your local bridge.
- Sure, it’s not monotonous. Sure, you get to meet and hang out with new people; there might even be a love story waiting for you, but be smart with your money.
Pros And Cons Of Being A Home Inspector – The Gist
So, should you become a home inspector?
Well, we’ve talked about both disadvantages and advantages of home inspection.
It’s an opportunity to start your own business, but it’s also welcoming to newcomers who want to get a good head start.
However, as with any business, you’re prone to fail if you decide to work alone.
Competition can be fierce. Home inspectors are a sought-after sort, but not to the extent that anyone can become highly paid overnight. It’s not programming for God’s sake.
You’re doing good things but be careful not to miss something.
If you’re not careful, you can get yourself into trouble.
Eyes open and maximum focus, a thorough report should be your mantra.
Although much more exciting than a standard 9 to 5, it’s also not as stable.
Enjoy the adventure, but always keep the nest egg full; the world is getting crazier by the minute.