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10 ways to make additional Income


10 Ways to make additional Income

Besides performing home inspections there are many other ways home inspectors make money with the proper training

1. Air quality testing: Year round there are people who need to have mold testing and air quality services performed and this is a great source of income

2. Insurance Inspections: There are about 50 companies that will pay you for property reconstruction inspections. the average time spent on each one is about 20 minutes and the reputable companies pay between $60 to $150 each

3. Water testing: Water test should be preformed every year especially as Arsenic is developing more and more in Maine communities. The average fee for this service is $160 and the lab gets from us around $55 so $105 in profit for a fill in income

4. Radon testing: Rental properties by Maine Law need to be checked I believe every year now so this is great for repeat business.

5. Septic Scope or Septic inspections: added to a home inspection or stand alone this is a great income.

6. Commercial Inspections: I have completed dozens for insurance companies as well as lenders

7. Refinancing Inspections: New rules from lenders are asking for new home inspections by CERTIFIED home inspectors only before they will grant home owners a new loan. Many look for inspectors at Nachi is the only home inspection group that is working on developing a college degree program mandatory for inspectors and this hopefully will soon be added to the nachi site. 

8. Home Physicals: After a home Inspection I offer clients a yearly update inspection checking on how everything is doing for about half the price of a full home inspection

9. Foundation Certification: Hud and VA lenders do not want to lend money on mobile homes unless they have a recent hud foundation certificate. I work with a HUD and VA approved engineering firm that sends me out to take photos and measurements and often pay between $125 to $250 I also often get a home inspection or septic inspection out of it and at the very least a water test. Anyone of our members who need help on learning how to set this up, I will be glad to help you.

10. Pool inspections: get your nachi pool training done and every spring I have several clients that call me back for an inspection