When looking for a home inspection school please remember your home inspection education can only be as good as its home inspection instructors. If I wanted to become a home inspector I would look a home inspection education from 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 thousand home inspections.
Can you 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? New Jersey home inspection schools can be found at: NJ home inspection schools
If a school says they can teach a new home inspector to CONSISTENTLY KEEP $500 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 or better yet ask for a a written money back guarantee!
Home inspectors typically are paid a percentage of the home inspection fee. I have heard of home inspectors being paid anywhere from $60 to $175 per home inspection. Think about it for a second, can 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 a good 5 hours of time when all the off site time is added up, if you doubt this click on Where does my time go and Where does my money go or try these free Excel versions you can plug your own numbers into moneygo.xls timego.xls.
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. Right now there more than 678 licensed home inspectors plus some unlicensed ones. 120,000 / 678 = 176 home inspections per licensed home inspector. If an inspector charges $500 per inspection (many inspectors charge much less some charge more) and performs 176 home inspections that inspector would take in $ 88,500 per year, minus expenses that eat up at something like half the 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.
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.
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