Why Is WIN Home Inspection Franchise’s Revenue Growing by Double Digits Every Year?
Housing rebound and near-universal demand for inspections create huge opportunity for those who offer professional service
The WIN Home Inspection franchise has been seeing great success, exceeding its projected revenue growth from 2011 to 2013. So what makes our business grow by double digits every year?
The housing downturn is history, and sales are skyrocketing. An estimated 5.26 million homes were sold in 2014, not counting new homes sold by builders, according to data from the National Association of Realtors. More than three-fourths of buyers — 77% to be exact — paid for a home inspection before making their purchase.
That adds up to more than four million home inspections per year. Home sales are expected to continue at a fast pace thanks to a stronger economy and other factors, says Lawrence Yun, chief economist for the NAR.
“Buyers continue to be encouraged by interest rates at lows not seen since last summer, improving levels of inventory and stabilizing price growth,” he says.
WIN Home Inspection franchise Strategic-Partners charge an average of $375 per inspection. If you put those numbers together, it paints a portrait of an industry that is worth nearly $1.5 billion a year with plenty of room to grow.
WIN Home Inspection is one of the fastest-growing home inspection franchises in the country, and it is ranked as a top franchise opportunity by Entrepreneur magazine, Franchise Business Review and by G.I. Jobs. WIN stands apart from competitors by offering a consistent, professional home inspection service that home buyers appreciate and real estate agents respect. Training, technology and marketing support help franchise owners develop loyal relationships in the real estate industry that lead to a steady stream of customer referrals.
James Price, a Strategic-Partner in Lubbock, Texas, benefits from the growing demand for home inspections.
“I did a business plan and made a three-year projection that figured I’d be getting a set number of home inspections a month by year three. Well, at six months I started hitting my monthly goal, and I haven’t stopped hitting it since. I’ve jumped far past all my projections for my first year. It’s really exciting to be part of a fast-growing business.”