A home inspection firm ensures a property is in good condition before a family moves in. It’s one of the most valuable steps a potential homeowner can take, and it can also help a seller make the most of his or her listing. In addition to ensuring the safety of a new home, a home inspector can point out problems that may make a house uninsurable.
A good home inspection includes a look at the basic “envelope” that protects the structure from the elements, including checking rain gutters and flashings, roof sealant, window and door seals, and more. It will also cover the electrical system, plumbing, and heating and cooling systems. A home inspector will examine the home’s structural integrity, check the roof, attic, and basement for signs of water damage or insect infestation, and check the foundation for cracks.
As more people become aware of the importance of a home inspection, the demand for services is rising. This could lead to more competition for the firms that offer them, and it will require them to be more creative in their marketing strategies.
One way to stand out from the crowd is to focus on branding. Create a name and logo that clearly identifies your business, and use it on your website, social media accounts, and email signatures. This will help potential clients remember your company and find it when they need a home inspection.
Another important step is obtaining liability insurance. Many states require home inspectors to have a certain amount of liability coverage, and you should consider getting more than the minimum requirements. Matthew Query, owner of Freedom Home Services, LLC in North Carolina, says that when he first started his business, he didn’t get enough coverage. “If you miss something and a client sues you, the cost can be huge,” he explains. “So if you’re an inspector, it’s worth it to spend the extra money on E&O.”
Scott Swayze, CEO of LaunchPad Home Group, says that his company is focusing on creating lifelong relationships with homeowners by connecting them with contractors and providing a resource network. He believes this will set them apart from the competition.
In terms of the current competitive environment, Swayze agrees that larger companies are beginning to buy up some of the largest home inspection firm in the country. He thinks this is bad for the industry, as it will put fee pressure on home inspectors and lower their standards.