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Home Inspection Services

SIC 7389 | NAICS 541350

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.


Select from the following sections or scroll below to view available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources


For guides to other industries, see our index of over 400 industries.




Industry Analysis, Statistics, Trends, and Forecasts


Home and Building Inspectors  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Key statistics
  • Market size and characteristics
  • Current performance
  • Competitive landscape
  • Major companies
  • Key risk and success factors
  • Five-year growth forecast


ASHI
Information resources available from this trade association include:

ASHI Reporter
http://www.ashireporter.org/
Monthly trade magazine features news and information for industry professionals, with topics covered in each issue including managing the business, marketing professional services, inspection standards and practices, technical reviews of specific systems and components, and industry and association news and events. Digital editions containing selected articles from print edition are available online.

Become A Home Inspector / Requirements By State
http://www.homeinspector.org/become / state-regulations
Introductory section provides a summary overview of the business, with topics covered in this section including the market for these services, types of services provided, business operating characteristics, and ASHI educational and training opportunities; and state regulations section provides information on licensing, education, training, and experience requirements for professionals in each of the 50 states.


InterNACHI
Information resources available from this trade association include:

How to to Run a Successful Home Inspection Business
http://www.inspectoroutlet.com/
Startup guide covers the various aspects of starting a business and running it successfully, with topics covered in the guide including setting up the company, creative marketing, getting in front of prospects, converting calls into appointments, writing the agreement and report, reference guides and tools, and continuing education. E-book version is available free online with registration for monthly e-newsletter.

Article Library
https://www.nachi.org/articles.htm
Extensive library of articles provides information on various aspects of the home inspector profession from a consumer, business, and technical standpoint, with articles organized by page section into the following subject categories: "General Inspection & Consumer", "Commercial Inspection", "Business Success and Marketing", "Legal & Risk Management", "Articles in Spanish", and "Articles in French".


The Home Inspection Book: A Guide for Professionals
Spada, South-Western Education Publications, 2007
https://www.amazon.com/

Comprehensive reference guide addresses the home inspection business from both a business and practice standpoint, with the first part of this publication focusing on the management, administrative, and financial aspects of operating an inspection business, and Part 2 providing a step-by-step guide to the inspection process following the professional guidelines established by ASHI and InterNACHI.


Working RE
Home Inspector Magazine / Newsletter
http://www.workingre.com/

Semiannual print magazine publication and bimonthly e-newsletter provide news and information for home inspection business owners and managers, with topics covered in these publications including business operations, inspection reports, customer service, marketing services, and legal liability risk management. E-newsletters and selected articles from the print publication are available free online.


National Association of Realtors®
Field Guide to Home Inspections
https://www.nar.realtor/

Information resource guide provides links to articles, books, websites, statistics, and other materials, with content categories for this field guide including questions to ask an inspector, understanding the inspection process, the inspection professional, legal and regulatory issues, trade and professional associations, e-books and audio books, and books, videos, research reports, and other resources.




Financial Benchmarking Data


Industry Financial Ratios
Building Inspection Services
https://www.bizminer.com  Search for "541350"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios


IBISWorld
Building Inspectors
https://www.ibisworld.com/

Financial information section of this research report provides an analysis of industry costs and profits as a percentage of net revenue by income and expense category for companies that primarily perform inspections of building structures and component systems, including the roof, foundation, exterior and interior walls, and electrical, plumbing, and HVAC (heating, ventilation, and air conditioning) systems.




Compensation Surveys


U.S. Bureau of Labor Statistics
Construction and Building Inspectors
https://www.bls.gov/ooh/ / oes

Occupational outlook handbook and employment statistics sections provide job outlook and hourly and annual wage data for construction and building inspectors, with positions covered in the wage survey including home inspectors who examine building systems and features including the roof, foundation, exterior and interior walls, attached garage or carport, and electrical, plumbing, and HVAC systems.


PayScale
Home and Building Inspection Services
https://www.payscale.com/home / building

Free online service provides median salary, bonus, and hourly wage rate data for job positions in this service sector, with job positions for which compensation data is provided including office manager, business development manager, marketing representative, home inspector, building inspector, civil engineer, building and construction inspector, building code inspector, and code enforcement officer.




Business Valuation Resources


Small Business Valuation Multiples

Home Inspection Services
http://valuationresources.com/

Comprehensive reference guide provides market-based business valuation multiples for companies that perform inspections of residential building structures and component systems including the roof, foundation, exterior/interior walls, attached structures, and electrical, plumbing, and HVAC systems.


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