The Home Inspection Profession has been a significant part of the real estate process for over thirty years. The old method of purchasing a home, “Buyer Beware,” has given way to a more knowledgeable public which realizes that the safest way to buy a home is with the aid of a Professional Home Inspector.
The Chicago Tribune has reported that, aside from the real estate agent and the mortgage broker, the most used service in the home buying process is the Home Inspector, far exceeding the use of attorneys and contractors.
In Illinois state licensing has been in effect since January 2003. In order to be licensed, the state requires a person to take a 60 hr. state licensed pre-licensing class and to pass the state home inspector’s exam. When the state law was enacted the face of the profession changed: many part-time inspectors dropped out and many fly-by-night inspectors disappeared greatly enhancing the professionalism and respectability of the profession.
As our reputation and stature have grown, so has the demand for our services. As home owners have become more aware of the protection we offer and as buyers have moved into 2nd and 3rd homes, the demand and the fee structure has risen.
Subsequently, the fees we charge are high and commensurate with the safeguards we provide and the expertise we exhibit. A typical home inspection fee will be anywhere from $250 to $500 depending upon the size and location of the home.
The inspection market covers existing homes, town homes and condominiums; new construction; warranty period examinations and seller preparations.