With the real estate market on an upswing and more pre-purchase regulations by lenders, government and insurance companies, the home inspection industry has seen a significant amount of growth. If you are considering getting your home inspection certification and investing in a home business franchise, it is important to weigh the advantages and disadvantages of the industry. By exploring the positive and negative aspects of the business you can become knowledgable about some of the hurdles you might face as you become a home inspector and how to overcome them.
Disadvantages
Industry standards for home inspection vary widely in different areas and regulations are not consistent across the board. This can be challenging as it is important to be constantly diligent when it comes to being on top of industry education, policy changes, and inspection requirements. You can also keep informed by maintaining an open network of communications with your colleagues in the field, or by investing in a top franchise opportunity that will provide you with ongoing training and support so that you are keeping your practices current.
The home inspection industry is home to many experienced professionals, whether home builders, engineers, contractors or real estate agents. This means the market can be extremely competitive and at times saturated with extremely experienced individuals. If you are someone with less experience and background in the industry, you can overcome this by networking with more experienced inspectors, doing hands on training, and taking advantages of educational opportunities that will help you grow your business. Many of the top franchise opportunities will also provide extensive training that will help you prepare and become competitive in your market.
Advantages
The market trend is on an upswing and there is lots of money to be made in the industry. If you invest in a cheap franchise opportunity, you can be turning a significant profit before you know it. Because the nature of the profession allows you to work from home, you can also experience more flexible scheduling which will allow you to receive personal gains as well as financial ones.
New techniques and certifications are always being developed to improve the home inspection process. By staying current on your certifications, you can gain an edge on your competition by offering the most popular, trendy and up-to-date services.
With so many people involved in the buying process (buyers, sellers, real estate agents, insurance agents, financial institutions), you have unlimited networking opportunities at your fingertips! Recommendations and testimonials act as wonderful tools for building your business.
Getting your home inspection certification and purchasing a top franchise opportunity might just be the best business decision you ever make. Contact A Buyer’s Choice to learn more.
Franchise Financing Advantages
SBA Express Loans and Unsecured Business Loans are the perfect loan for Financing a franchise in the USA.
You can borrow from $50,000 up to $150,000 depending on your Financial needs. The SBA Express Loan is ideal for startup Franchises and you can use it to pay the balance of your franchise fee (after initial deposit), upfront materials needed to start your business, operating expenses, salary and much more as you start and grow your new business. The best part of this loan is there are no personal assets pledged as collateral because the Business assets are the collateral.
Loan advantages over other Financing options:
- Retirement funds and other personal liquid assets are not at risk and available for future use
- No need to roll over a large portion of your 401K
- The equity in your home will remain in tack with no Bank Lien
- No need for multiple Business credit cards with compounding interest
Learn about buying and financing an existing business
Business Acquisition Financing
To learn more about financing options please contact Key Commercial Capital an Industry Leader in Franchise Financing and SBA loan approvals.
