7 Eye-Opening Statistics for Residential Building Inspection Teams
Regardless of how long you've been involved in the Residential Building Inspection field, the following statistics and facts may come as a surprise to you.
- The Field is Growing
The Residential Building Inspector field is expected to grow by 8% each year through 2024. This means that customers will have more options when looking for inspector options. If you’re unable to grow in productivity to meet specific deadlines, you could miss out on big opportunities.
- The Average Salary is Competitive
With an average salary of just over $58,000, compared with the national salary of other professions around $56,000, the reason people pursue residential building inspection careers is obvious and might be a reason the field is growing. Because 1 in 10 inspectors is self employed, your potential for growth is only limited to the amount of work you are able to accomplish in a given amount of time. The more productive you can be, the more your potential yearly wage could become.
- The Average Home Inspection Requires 500 or More Datapoints
Think about that. 500 datapoints. 500 different measurements and checks that must be completed for a home inspection to be “complete.” If you’re working with a pen and paper, think about your room for error.
How many times have you had to return to a home to collect data that was missed? By using custom forms that eliminate the room for missed information or errors, your inspections can be considered “complete” without any second guessing or doubled efforts.
- An Average Home Inspection Takes 2-3 Hours
If an average home inspection takes 2-3 hours – with obvious exceptions for older homes, larger homes, condos and so forth – your potential for completing additional home inspections is great. Considering the average length of time for data to be transferred from paper to a mobile form and to upload photos is longer than the inspection itself, and brings in no additional income, there’s definite room for improvement.
By working with a mobile home inspection platform, you could perform 2 inspections on a daily basis, inputting data into customized fields and generating automatic reports. If your team members are performing one a day, on average, because of the length of time to complete inspection reports, you could eliminate that extra time, sending them on a second home inspection each day and doubling income potential. Imagine the possibilities.
- New Home Construction is On the Rise
According to the latest Census Bureau report, new home construction is on the rise compared to last year. As a home inspection team, this means opportunities will continue to increase in this sector, along with the previously-owned sector. The inspection industry is growing and will continue to grow as a result.
- An Average Report Takes as Long as the Inspection
While the actual numbers haven’t been studied or reported on, various inspectors report a 1 to 1 ratio between home inspections themselves and the reports that must be completed for customers after the inspection’s completed. We’ve heard it time and time again: reports take as long – or longer than inspections themselves to ensure quality.
Because most of that time is spent inputting handwritten data and performing calculations that could be completed automatically with the use of the right mobile home inspection platform, there’s room for improvement.
- Customers Require Information Fast
Because – depending on the state – customers have 7-14 days to complete a home inspection and negotiate any repairs that may be necessary, time is of the essence. Many home inspection businesses and contractors offer a 24 hour turn around time.
However, if an inspector or inspection team was able to offer a faster turnaround – say, a few hours – imagine the competitive industry advantage they could gain.
The bottom line is this: the home inspection industry is growing rapidly. The expectations of customers are also increasing, along with the demand required to stay competitive.
We understand. In fact, one of our top priorities is to provide assistance – through targeted tools, forms and platforms – to residential building inspection teams and professionals.
There is a better way. You can do more in less time while providing a higher level of quality; it’s not just a dream. To learn more, request a demo today.