Home inspectors make a lucrative living from their work. However, how much you can make is highly dependent on several factors. These include geographical location, business strategy and experience level. Whether you choose to work for yourself as an independent contractor or for a larger company, there are many opportunities to improve your income and grow your career.

The first step to becoming a successful home inspector is completing training and earning certification. This can cost anywhere from $500 to $3,000. Then, there are expenses related to starting and operating a business. This can range from business cards, advertising, and licensing costs to equipment, software, and insurance. Fortunately, these costs are not prohibitive.

Investing in training, equipment, and marketing can help you build a sustainable career as a home inspector. In addition, establishing relationships with real estate agents and mortgage lenders can lead to referrals and increased client scheduling. Having adequate professional liability and errors and omissions insurance is also essential. During his first year of inspections, Matthew Query, founder of Freedom Home Services, LLC in North Carolina, carried a surety bond, which met state requirements. However, he now believes that E&O and GL insurance is a must.

Ultimately, you can earn up to $70,000 a year as a home inspector in California if you can perform a minimum of 60 inspections per year. By leveraging ancillary services, offering additional tests such as asbestos or mold, and improving your reputation in the industry, you can significantly boost your earnings potential.