Home Inspector School, Home Inspection Schools, Home Inspection Classes, Home Inspector Classes, Home Inspection Certification, Become Certified in Home Inspection The Best Home Inspector School should be found for a NJ home inspector to get a good education
"Various conflicts and potential conflicts have caused me to temporarily stop teaching home inspection school classes, home inspection continuing education classes and home inspector mentoring. In spite of what you may read else where I do not offer any of these services at this time. The information provided on this page is being provided as a public service to those wanting infomation about becoming a home inspector."
Becoming a home inspector is easy. Keep in mind when looking for a home inspection school please remember your education can only be as good as your instructors. If I wanted to become a home inspector I would look a for a home inspection school providing instructors who have a minimum of five years on the job experience as a home inspector, who owns or has owned his or her own company and who have performed at least a few thousand home inspections.
Can one realistically expect a first class home inspection education if your home inspection school's instructor has no first hand knowledge of how to perform a home inspection?
If school says they can teach a new home inspector to CONSISTENTLY KEEP $400 or more a day five days a week, fifty weeks per year ask them for the names of a few former students making 1/2 that (I am sure they will have a reason they can not give you that list) OR obtain a written money back guarantee from the school! I am not telling anyone not to go to school to become a home inspector. I suggest prior to laying out funds to a school that are not refundable one consider the quality of the school they are picking and make a determination as to the dollars being spent on school vs. the dollars one is likley to earn as a home inspector.
Home inspectors typically are paid a percentage of the home inspection fee. I have heard of home inspectors being paid anywhere from $80 to $200 per home inspection. Think about it for a second, does your boss pay you 100% of what he or she takes in? Who pays for the insurance, vehicle expenses, marketing expenses, postage, people who answer the phones, vacation time, etc. Each home inspection takes at least 5 hours of time when all the off site time is added up. An honest school would tell you it takes time to perform the home inspection (2.5 hours +/-), get to and from the home inspection (1 hour +/-), prepare the report (1 hour +/-), go back to the site to pick up the radon canister and travel back home (1 hour +/-). How can one do this in just two hours?
Before you do anything else there are two files that are likely to be the two best files you download this year. These two files are FREE. One file is in a PDF format and the other is in Excel. NONE OF THE NUMBERS IN THE TIME OR EXPENSE CHART ARE "MINE" THEY ARE JUST STARTING POINTS FOR YOU TO APPLY YOUR NUMBERS OR ANTICIPATED NUMBERS TO SEE THE IMPACT CHANGES WILL HAVE UPON THE PROFIT YOU WILL OR WILL NOT EARN.
The first page shows you how a typical home inspector spends their week. The second page shows you what type expenses a typical home inspection company faces. The last two pages show you how you can decide how much you want to earn as a home inspector and how hard you will have to work in order to achieve your goal. ONCE AGAIN -- NONE OF THE NUMBERS IN THE TIME OR EXPENSE CHART ARE "MINE" THEY ARE JUST STARTING POINTS FOR YOU TO APPLY YOUR NUMBERS OR ANTICIPATED NUMBERS TO SEE THE IMPACT CHANGES WILL HAVE UPON THE PROFIT YOU WILL OR WILL NOT EARN.
For the NON customizable PDF version click Time, expences and the impact of pricing on profit in PDF
For the Totally customizable Excel version click Time, expenses and the impact of pricing on profit in Excel. The advantage of the Excel format is you can plug in all of your own numbers if you wish to and see in real time how different factors change your ability to earn a profit.
Consider about 8,000,000 people live in New Jersey. If three people live in each home and if 5% of the homes are sold each year that would be about 133,333 sales per year. Lets guess and say about 120,000 home inspections occur (look under Existing Home Sales by State for an up to date figure).
Right now there about 650 still licensed home inspectors (about 900 licenses have been issued) plus some unlicensed ones. 120,000 / 650 = 185 home inspections per licensed home inspector. If an inspector charges $400 per inspection (many inspectors charge much less some charge more) and performs 150 home inspections that inspector would take in $ 74,000 per year, minus expenses that eat up at something like half that gross. Make sure your budget includes $16,000 +/- for keeping your state mandated $500,000 errors and omission claims made insurance coverage for at least four years after you stop inspecting homes.
If one perfoms 185 home inspections per year (less than 4 inspections per week) for $400 each how could one have a $400 a day profit?
Sure, you can make money as a home inspector. I do very well. However it takes years of time, investment and effort. It is not an easy way to make a million and there is no possible way it can not be learned in a few weeks or months time.
All information on this site is the personal opinion of Michael Del Greco. He does NOT represent the Home Inspection Advisory Committee, The Division of Consumer Affairs, Office of the Attorney General or any other State Agency.
Education New Jersey Home Inspector Training
New
Jersey Home Inspector Licensing Requirement
List
A3983 (enacted into law 8-15-05 effective 2-19-06)
amended Section 8 of
P.L.1997, c.323 (C.45:8-68) to read as follows:
To be eligible for licensure
as a home inspector, an applicant shall fulfill
the following requirements:
a. Be of good moral character;
and
b. Have successfully completed
high school or its equivalent; and
c. (1) Have successfully
completed an approved course of study of 180
hours, as prescribed by the board, after
consultation with the State Department of
Education, which shall include not less than 40
hours of unpaid field-based inspections in the
presence of and under the direct supervision of
a licensed home inspector, which inspections
shall be provided by the school providing the
approved course of study or
(2) Have performed not less than 250
fee-paid home inspections in the presence of and
under the direct supervision of a licensed home
inspector who oversees and takes full
responsibility for the inspection and any report
produced; and
d. Have passed an examination
administered or approved by the committee. The
examination may have been passed before the
effective date of this act.
6. Maintain an
errors and omissions insurance policy in the
minimum amount of 500,000 per occurrence.
6. Fill out a home inspector application
and pay the application fee as set forth in N.J.A.C.
13:40-15.23($500.00)
HOME
INSPECTOR MENTORING AGREEMENT (I am not providing mentoring services at this time)
Michael Del Greco, 56 Woodland
Drive, Woodland Park (formerly West Paterson), NJ 07424 Voice (973)
812-5100 FAX (973-812-6342.
("the INSPECTOR")
agrees to provide field training and supervision
as part of a mentoring program pursuant to
N.J.A.C. 13:40-15.5 with ____________________
"the TRAINEE").
1. The INSPECTOR will provide
the TRAINEE with field experience under the
direct on-site supervision of a Licensed Home
Inspector to meet the requirements of N.J.A.C.
13:40-15.5 (a) 4.
2. The INSPECTOR will invite
the TRAINEE to accompany him on home
inspections. The TRAINEE may attend the
inspections. It is the TRAINEE’s
responsibility to contact the office for all
scheduling information. The fee for the
mentoring program is $ 30.00 per inspection.
Payment is due prior to the start of each home
inspection.
3. During each mentoring
inspection TRAINEE will be permitted to observe
the home inspection process. During the
inspection, the TRAINEE may observe the
condition of the various systems and components.
The TRAINEE will have the opportunity to prepare
home inspection training reports as defined in
N.J.A.C. 13:40-15.2.
4. The TRAINEE understands no
questions or comments are allowed in the
presence of the COMPANY's client(s).
5. The training report, any
other written or verbal information, material or
observations prepared by the TRAINEE as part of
this or any other field training experience are
for training purposes only. The TRAINEE is
responsible for the maintenance of the reports
and to maintain that confidentiality. The
training reports are confidential. The training
reports are to be kept on file by the TRAINEE
and provided only to the Home Inspection
Advisory Committee. The TRAINEE understands the
report may not under any circumstances be
provided to any other party.
6. The INSPECTOR will discuss
the reports and the inspection process with the
TRAINEE to assist in the education of the
TRAINEE during the term of this contract.
7. The INSPECTOR will provide
NO insurance which would provide coverage to the
TRAINEE, his/her heirs or dependents, for any
injury which may occur to the trainees person or
property either at the inspection site or during
travel to or from the inspection site. The
TRAINEE agrees to hold the INSPECTOR harmless
for any injury to the TRAINEE'S person or
property.
8. The TRAINEE will be
personally responsible for any damages the
TRAINEE causes at the inspection site.
9. The INSPECTOR makes no
guarantee, expressed or implied, of any future
employment or other relationship with the
TRAINEE as a result of this agreement. This
agreement contains the entire understanding
between the parties, no verbal changes to this
contract are allowed.
I have read and understand the
above. I have been provided the opportunity to
have this agreement reviewed by an attorney.
This agreement renews automatically unless
canceled by either party with notice to the
other delivered by Certified Mail.
_____________________________________________
__________
( TRAINEE)
Date
_____________________________________________
___________
Michael Del Greco
Date
New Jersey Home Inspector Lic. # GI0121
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