For those home inspectors who managed to weather the pandemic market, the workload is light. carsondunlop | HouseMaster | realestate realestatenews homeinspectors housingmarket
6:00 AM Feb 14, 2023
Schmidt adds that many home inspection companies are one- or two-person operations, and the toughness of the times is felt harder by independent inspectors and small companies. Schmidt turned to pre-listing, partial, and post-closing inspections during that time, and business has held steady for him as a result, but he suspects companies that didn’t diversify may have found themselves with little to no revenue for months on end.Michael Schmidt, area director and lead inspector for HouseMaster Serving Toronto“Even though the buyer side came back, the market has stayed depressed,” says Schmidt.
“Will those people come back as the market conditions improve? My guess is some of them will, not all of them,” says Carson. “The good news about home inspection is it’s not a capital-intensive business. A lot of sole proprietors are not paying rent at an office, a lot of them work out of the home. And there’s not any inventory to worry about. There’s not expensive equipment or facilities to manage and maintain.
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