Today we have a very informative quick read on setting up your own home inspection business by Mark Brandon. This could be a great way to make some extra cash, especially if you are knowledgeable on homes and properties. Mark Brandon says that home inspection services help people by ensuring that they live in a safe place. He shares his expertise in this area at Safe and Sound Property Inspections and in blogs like this one. In here, he talks about how to set up a home inspection business.
The Real Estate sector may have suffered greatly due to the recession.
But that’s all in the past.
Now that the economy is stable, many are now looking forward to investing in a new home.
This is why now is the time to consider working for the real estate and construction industry.
Not an engineer or architect? No worries!
You can still make money in this market by setting up your home inspection business. Want to know how to do this? Read the 7 steps below…
1. Do Your Research
How much money do you need to set aside for your budget? Will you need to claw your way up due to saturated market? Will you need to invest in marketing to give your business an edge? These are just some of the things that you need to know. Once you have your answers to these, you will be able to gauge if a home inspection business is for you.
2. Enroll in a Training Program
As a start-up business owner, you will need all the manpower you need to keep your business afloat. Yes, you can choose to hire someone else for this purpose, but getting trained yourself will allow you to understand the ins and outs of your building inspection business. Plus, you can be your sole employee when you are just starting out.
3. Be Certified
There are others offering this service in your area for sure. Although a certification is not a requirement in some geographical locations, having one under your name will make your business stand out from other competitors.
4. Join Organizations
In addition to a certificate, memberships in home inspection organizations could attract more clients for your business. You can display memberships and affiliations in your website.
5. Consider Future Liabilities
Managing a home inspection business is like having a credit card. If you don’t protect yourself, you could get into trouble. Problems may arise such as injuries to homeowners on recommended remodeling jobs. Insurance should get you covered.
6. Get Help From an Attorney
Of course, there will be paper works that need to be filed. Examples of these are business permits and licenses. If you want to get this done right, hire an attorney. He or she could also help you with contracts.
7. Make Connections
Instead of waiting for the clients to come knocking at your door, speed up your cash flow by networking with real estate agents or local contractors. This should let you have a steady income.
A home inspection business may sound like an easy job, but this too can have its drawbacks.
For one, this is commonly tied to dubious partnerships.
With this said, what you can do is strengthen your business through honest reports.
This alone could help your business get recommendations from customers, putting you on the map.
About the Author:
Mark is a regular contributor to Safe and Sound Property Inspections blog and other home improvement sites. He is very family-oriented and loves being in the shed or helping his mates with their houses. You can catch him via Google+ or Twitter: @MarkBrandon01