A Buyer’s Choice: The Home Inspection Industry Outlook

It may seem hard to believe, but the home inspection industry is less than 40 years old. Since that time it has blossomed into an emergent industry. Aimed at helping today’s buyers through the largest financial decision of their lives, home inspection has become an integral and, in most cases, required part of the home buying process. As a result, there has been an increased need for high-quality home inspectors.

Becoming a home inspector, especially one for a recognized franchise like A Buyer’s Choice Home Inspections, can be a lucrative proposition. Home inspectors can expect to make anywhere from $250 to $450 per inspection, with the average inspection requiring only a few hours of their time.

During the inspection process, the inspector will check for structural abnormalities, faulty wiring, mold, rot and anything else that can have a negative impact on a home’s value. Some home inspectors, those from A Buyer’s Choice included, will then provide the homeowner with an electronic itemized report with photos, detailing the present status of the home.

Home inspections used to be optional, but not now. Today, approximately 80 percent of home buyers hire an inspector. Most banks and other financial lenders will not approve a mortgage until a home is inspected, if only to protect their own interests. This trend will undoubtedly continue.

With home inspection’s surge in popularity comes an increased demand for certification and licensing requirements. Right now, the industry lacks standards and uniformity. Worse yet, the regulations governing homes vary widely from state to state. To ensure that they receive the proper training, certification and insurance they need, more and more home inspectors are turning to A Buyer’s Choice Home Inspections and other reputable home inspection franchises.

During boom times, home inspectors reason to be in high demand. As of 2014, homes are selling at a significantly faster rate than they were a few years ago. In turn, the real estate and home inspection industries are thriving.

But home inspection also stands to do reasonably well during recessions. The financial crisis of 2008 is still fresh in our minds, meaning we’ve become a much more cautious society. Today’s homeowners want to know if their homes are safe and will hire home inspectors just to alleviate their concerns.

Unfortunately, not all home inspectors are aptly equipped to fulfill their duties. Of the ones who are, most do the bare minimum. Homeowners should thoroughly research home inspectors local to their area before hiring one. And they should always ask to see a home inspector’s credentials. Inspectors from A Buyer’s Choice Home Inspections will be happy to show that they’re fully certified and insured before beginning the inspection process.