If you’ve ever purchased a home, you know that a home inspection is a necessity. A home inspection checklist may look something like this:
- Gutters and downspouts
- Windows and doors
- Porches and deck
As an inspector, the entirety of the home must be checked and inspected so that the owner has a full understanding of the property they’re purchasing. It’s a safeguard that’s needed in today’s real estate market, and a home inspector salary reflects the importance of these professionals.
If you want to know how to become a home inspector, we’re going to be covering all of the fine details shortly. But let’s first look at the exciting part – the salary.
Home Inspector Salary
A home inspector’s employer and the industry he or she works in will have a direct effect on the salary earned. Home inspectors can work privately, or they can work with electric companies to ensure that the work is done appropriately. This is where trying to understand the average salary can be very difficult.
On average, according to the Bureau of Labor Statistics, these professionals earn:
- $56,040 per year.
- $26.94 per hour
This information is current as of May 2014 and provided by the government, so these figures are a good overall indicator of the average salary in the industry. But this looks at construction and building inspectors as a whole.
As you can imagine, a person that specializes in electrical inspections will make more than someone that just comes to your home to ensure the roof is intact. Let’s take a look at some other statistics to get a better understanding of your earning potential as a home inspector.
- The bottom 10% earned less than $34,000 a year.
- Top paid earners can earned $89,000 per year.
Salary by Industry
Refining salary statistics down even further, we will look at industries to determine the average salary for an inspector:
- Home inspectors that work for electrical or power companies are the highest annual earners, earning approximately $78,000 per year.
- Inspectors who are working for natural gas companies will earn $71,000 per year.
- Home inspectors also work for the federal government, and earn $67,000 or more per year.
Home inspectors can also be hired by engineering companies, architectural companies, construction companies or municipal governments. The majority of these professionals, 46% of all home inspectors, will work for municipal government. These are the inspectors that will be part of your local government, such as your city.
So, to conclude with the salary itself, we have a range of:
- $34,000 – $89,000
Experience and industry are the biggest factors in determining salary in this industry. However, state does factor into your overall salary.
Top Home Inspector Salaries by State
The top sellers in this industry are seen in the following states:
- Alaska home inspectors earn an annual mean wage of $77,800.
- California home inspectors earn an annual mean wage of $77,470.
- District of Columbia home inspectors earn an annual mean wage of $73,860.
- Nevada home inspectors earn an annual mean wage of $73,050.
- Washington home inspectors earn an annual mean wage of $68,900.
If you’re looking at the top paying metropolitan areas for this occupation, look no further than California. The state of California has 9 of 10 cities in the top paying metropolitan areas for home inspectors. In Redding, California there only 60 people employed in this industry, but the average salary is $89,160.
The only other state listed in the top 10 is Alaska. There are 190 people employed in this industry in Anchorage, Alaska, with an average salary of $79,380.
States with the Highest Concentration of Jobs
The highest concentration of jobs is in respect to the amount of people that live in the state. While Delaware only has 540 people employed as home inspectors, it has the highest concentration of jobs in the industry. These professionals earn $59,460 per year. The remaining four states in the top five are as follows:
- New Jersey, which employs 4,100 people with an average salary of $64,370.
- Pennsylvania, which employs 5,750 people with an average salary of $51,040.
- Arizona, which employs 2,400 people with an average salary of $51,690.
- Virginia, which employs 3,360 people with an average salary of $56,260.
In terms of total highest employment, you’ll find the highest number of jobs available the following five states:
- California: 9,000+
- New York: 7,500+
- Texas: 6,900+
- Pennsylvania: 5,700+
- Florida: 5,500+
As you can see, this is a growing field that is expanding at a rate of its 9% per year, according to the Bureau of Labor Statistics.
Home Inspector Training
Home inspector training requires a minimum amount of education, which is a high school degree. Employers do like to look for further education, such as a bachelor’s or associates degree.
You may also obtain a certificate in home inspection, which may satisfy employers.
Experience in the industry is a major bonus, and can be offset if you have a bachelor’s degree in an appropriate concentration. Otherwise, you will need to be taught on the job, and most employers do want to have employees with five years of experience in the industry or more. This can be satisfied by being a contractor, or working in a similar field where you learn the basics of home construction and building.
There are few tips and concerns that you’ll want to consider:
- Research any local or state home inspector laws and requirements.
- Ensure that you meet the requirements; criminal history, high school diploma and a background check will be needed.
- Passing a national or state exam may be required.
- Training can be provided in a school setting, and is recommended for anyone that does not have experience in the field.
At this point, you want to pursue your home inspector license. This can be done by applying for the exam with your respective local government or state, and will be a major step in your career. This will allow you to apply for all home inspector jobs, and earn a respective building inspector salary.
Now that you know how to become a home inspector, let’s take a look at what the average home inspection costs.
The Average Home Inspection Cost
As a home inspector, you can earn a higher home inspector salary by working for yourself. Let’s take a look at the average home inspection cost, and the potential that you have to make money from offering home inspections through your own business:
- According to a survey, the average home inspection for a 2000 square-foot home is between $375 and $550.
- Angie’s List reports that the average home inspection is $473.
The bigger the home, the more the inspection will cost. In the United States alone, there are over 5 million home inspections that are performed each and every year. There is a major demand in the industry, and the industry is growing as the population continues to rise.
Statistics show that the average home inspector will conduct 250 inspections per year. These professionals are often hired by appraisers, banks and real estate agents to conduct inspections.
You’ll be responsible for:
- Inspecting the home
- Providing a report of what work needs to be done and the home’s condition
If you’ve ever want to become a home inspector, now is the time. This is a great industry to get into, and educational requirements are minimal.
Many professionals in this field will enter into their own home inspection business. As you can imagine, the profits in this sector are much higher. Individuals that works for themselves will be able to earn a salary of $118,000 (based on the $473 average price listed above and the average number of home inspections (250) conducted per year by each inspector).
However, you may find that the extra money earned is on par with what is offered by an employer when considering any benefits that may be included in your employment.