Pricing Information
| Whether
you're buying, selling or own a property you have made a wise decision
to have an in depth inspection performed. It is understandable
that the price of any service is a decision factor for many people.
However, there is much more than price to
consider when
dealing
with one of, if not the, most expensive investment you will ever make.
Call me
for a quote and I will be happy to work with you.
My service fees are very reasonable and reflect a fair price
for
exceptional service!
For
your benefit, please take a moment to understand what you are
receiving for
your inspection fee, and the various costs your Inspector must incur to
provide a premium level of service for you. The following
sections describe the Inspector's "Cost of doing
business" (CODB). It can be a real eye opener to understand why the
cheap
Inspector is not necessarily a good thing!
Sometimes you might get
lucky and receive just an average inspection for that cheap fee. But the
most you can hope for at a cheap rate is just an average inspection!
All
to often though with that cheap inspection you usually get what you pay for, which is poor inspecting, reporting and service! |
What
is this "Cost Of Doing Business" thing?
When
consumers search for a service provider many times their first
consideration is price. After all it is only natural that we
want
the most for our dollar. But there are many costs associated
with
providing a service that consumers are not aware of. A
partial list of these are items such as, insurances, cost of running a
vehicle, tools and test equipment, office supplies and materials,
licensing fees, recurring education costs, advertising, and
a very large number of other costs. All of these costs have
been
loosely termed the "Costs of Doing Business" (CODB), and these add up
quickly.
The
Texas Professional Real Estate Inspectors Association recently reported
on the results of a survey of over 2400 Professional Inspectors.
The survey indicated that the average costs the
Inspector pays for performing one inspection is approximately
$155.00. The following chart is based on that average figure, and
displays how much your Inspector is actually making on each inspection
based on what they charge you. For this chart we will take into
account the
following averages. These times do not include all of the other time
spent
in the business which should be taken into account as it does effect
the final hourly wage comparison. These are also averages and the
times needed can certainly climb easily.
- 1 hour round trip travel time to each inspection.
- 4 hours total on site time to include set-up, the
inspection, client briefing time, and clean-up.
- 3 hours of report generation time to include any
needed research of items.
- 1 hour of administrative time to book the inspection,
prepare and send contracts, file all reports afterwards, etc.
- The
average home is 2400 Square Feet
Charge to client |
Charge Minus The $155 (CODB) = Gross |
Gross Divided by 9 Hours = Hourly Wage Before Taxes |
Net after payroll taxes but this does not include deductions for other expenses |
$100.00 |
-$55.00 |
Loss of $55.00 |
Inspector Is Collecting Welfare |
$150.00 |
-$5.00 |
Loss of $5.00 |
Inspector Still Collecting Welfare |
$200.00 |
$45.00 |
$5.00 |
$3.75 After expenses Inspector Still Collecting Welfare |
$250.00 |
$95.00 |
$10.56 |
$7.92 After expenses Inspector Still Collecting Welfare |
$300.00 |
$145.00 |
$16.11 |
$12.08 After expenses Inspector Can Afford A Soda |
$350.00 |
$195.00 |
$21.67 |
$16.25 |
$400.00 |
$245.00 |
$27.22 |
$20.42 |
$450.00 |
$295.00 |
$32.78 |
$24.58 |
$500.00 |
$345.00 |
$38.33 |
$28.75 |
So
what does this all mean to you?There is no better example than to see how the math stacks
up! In
a nutshell this whole CODB boils down to whether you are given a good
quality, and thorough property inspection and report!!
Keep in mind that these numbers don't even include all of the
time spent in the many other aspects of running the business,
maintaining proficiency in the field, satisfying licensing
requirements, etc., etc.
So
how do Inspectors get away with
offering such low prices? The only way is to reduce the time
spent on an inspection, the report, and related activities.
This will allow
them to perform two and more inspections each day, if they can book
that many, to make up for the cheap price they charge you. No
matter how you look at it, that means they have
to
reduce the quality of the inspection services to you! This whole
Cost Of Doing Business description really boils down to one question.
Do
you really want to trust your property purchase, sale, or other decision
on the lack of service and information provided by an Inspector who is working for far less
than the value of the service they are providing you?
Knowledge is power, but sharing
knowledge brings
peace!