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  1. #1
    jared walters's Avatar
    jared walters Guest

    Default thinking about HI in arkansas

    hello all. im interested in wandering into the HI field and was wondering if it would be a wise idea. i recently had back surgery for a herniated disc, got fired from my job, and waiting until the doctor will release me to go back to work. i do have the opportunity to attend a two week course in central arkansas for home inspection and the state will pay for it and the test. ive done my research and in the past 4 months there have been around 1900 houses sold in a four county region with only 48 home inspectors also in the same four county area, northwest arkansas. i do have experience with home construction and remodels, not sure if thats a big plus, and some really nice connections with banks and big real estate agencies. do any of you think the area is to saturated, or could northwest arkansas use another inspector? thank you

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  2. #2
    Join Date
    Mar 2007
    Location
    Mesa AZ
    Posts
    1,181

    Default Re: thinking about HI in arkansas

    Quote Originally Posted by jared walters View Post
    hello all. im interested in wandering into the HI field and was wondering if it would be a wise idea. i recently had back surgery for a herniated disc, got fired from my job, and waiting until the doctor will release me to go back to work. i do have the opportunity to attend a two week course in central arkansas for home inspection and the state will pay for it and the test. ive done my research and in the past 4 months there have been around 1900 houses sold in a four county region with only 48 home inspectors also in the same four county area, northwest arkansas. i do have experience with home construction and remodels, not sure if thats a big plus, and some really nice connections with banks and big real estate agencies. do any of you think the area is to saturated, or could northwest arkansas use another inspector? thank you
    According to my math, it doesnt look real promising.
    1900 homes sold in 4 months =n less than 500 sold per month
    apx 60% percent get an inspection -= apx 300 inspections per month
    48 inspectors divided by 300 = apx 6 inspections per month
    6 inspections X apx $300 per = $1800 per month
    business expenses and marketing apx 40% = apx $250 per week before taxes

    Connections with banks and realtors, after your in business 70% will say Jared who

    Apx cost to get started $15-20,000
    Apx time it takes to see any income apx 6-12 months [if you turn out to be one of the lucky 10% that make it longer than two years year in this profession.
    You might be better off buying a hot dog cart and hang out at the local street corner.

    Last edited by Dan Harris; 06-08-2012 at 12:16 PM.
    Phoenix AZ Resale Home, Mobile Home, New Home Warranty Inspections. ASHI Certified Inspector #206929 Arizona Certified Inspector # 38440
    www.inspectaz.com

  3. #3
    Join Date
    Mar 2007
    Location
    Spring Hill (Nashville), TN
    Posts
    5,847

    Default Re: thinking about HI in arkansas

    Dan did some fancy math, but he is spot-on. Sounds like too many inspectors in a small market.

    In my market (greater Nashville,TN) we have around 2,000 home sales a month with around 25-30 home inspectors. Life is good as well as the business!

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  4. #4
    Join Date
    Mar 2007
    Location
    Knoxville, TN
    Posts
    2,446

    Default Re: thinking about HI in arkansas

    Back surgery?? This is not exactly the profession for someone with a bad back.
    Like others have said, your market sounds pretty bad. Don;'t waste your time and money.


  5. #5
    jared walters's Avatar
    jared walters Guest

    Default Re: thinking about HI in arkansas

    hey, thank you guys for the input. even though it was discouraging, at least it will same me the trouble of getting licensed.


  6. #6
    Join Date
    Dec 2009
    Location
    Central Arkansas
    Posts
    32

    Default Re: thinking about HI in arkansas

    Back in the spring, I spoke with some of the guys in your area, and even some of the established inspectors are having a hard time since the housing bust. Things might be better now, they have picked up here in the central part of the state.


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