@@inspectortoolbelt There are people out there charging $350 to inspect a $1 Million home? That person has no concept of risk versus reward. I'll comment later...I will comment later. Flipped into dad mode over an hour ago.
Preston and Ian, I agree with you 100%. I am a Mechanical Contractor and a home inspector who charges 150.00 an hour as a contractor. I raised my inspection rates to a minimum of 500.00 for a condo, and they go up from there. I did lose a lot of work, but I am not lowering them to compete with my competition. My inspections are thorough and time-consuming, and I deserve to be paid well for what I do. Thank you, guys, for what you are doing. I am also a retired code enforcement and factory rep for Lennox and Weil McLain boilers.
Really enjoyed this one. I appreciate you guys talking about this. As the highest priced inspector in my BOOMING market it’s still not caught up to what the price for an inspection should be. Also just raised my base rate immediately after listening to this!
I have watched your video twice now and could probably listen to it again, I can't disagree with anything I heard. Inspectors are so Under valued for the service that we actually provide to clients.
I following you both religiously. I am a new home inspector in SW FL. I launched my business Ready Home Inspection in January with this pricing fear. This podcast has helped me push this fear aside and I will be raising prices. We must value ourselves for all the training and experience we have. Heck realtors makes 10s of thousands of $ on some of these deals. We should be making way more. Thank you for a great podcast. BTW Inspector Toolbelt is an awesome software system and my clients and realtors have been loving it!
Nick said "Show me your house is paid off." I tell price shoppers paying us more up front can have a better ROI, for example, if we find one more thing the cheaper inspector. Also, more items to negotiate on can save you tens of thousands in negotiated repairs or a reduction in the price of the home.
@@hanksta34 Yep. I remember many times finding something on a house that should have been caught by the last inspector - but the people just hired the cheapest one
An individual can value themselves as high as they want, but if their phone isn’t ringing and they are losing work to their competitors, how valuable is that perceived value?!? It must be a collective effort by all or most in order to be effective and stick. And we all know there’s always gonna be some that play the anchor role. Or the struggling individual willing to do anything to schedule a gig. It’s a slow and grueling process. Best advice is to build a great following and charge whatever you want.
Fantastic episode -- thanks Ian and Preston
Thank you!
Quality of Life and more Family time. Good stuff.
Indeed - real ways to measure success
@@inspectortoolbelt There are people out there charging $350 to inspect a $1 Million home? That person has no concept of risk versus reward. I'll comment later...I will comment later. Flipped into dad mode over an hour ago.
@@TheQuietStorm6000 I know... it kills me to see that. And it does affect our industry poorly as a whole every time it happens
Preston and Ian, I agree with you 100%. I am a Mechanical Contractor and a home inspector who charges 150.00 an hour as a contractor. I raised my inspection rates to a minimum of 500.00 for a condo, and they go up from there. I did lose a lot of work, but I am not lowering them to compete with my competition. My inspections are thorough and time-consuming, and I deserve to be paid well for what I do. Thank you, guys, for what you are doing. I am also a retired code enforcement and factory rep for Lennox and Weil McLain boilers.
That is great!!!
Another great show!
Really enjoyed this one. I appreciate you guys talking about this. As the highest priced inspector in my BOOMING market it’s still not caught up to what the price for an inspection should be. Also just raised my base rate immediately after listening to this!
Thanks for listening - and taking action too!
I have watched your video twice now and could probably listen to it again, I can't disagree with anything I heard. Inspectors are so Under valued for the service that we actually provide to clients.
Exactly! Now we just need to know our own worth
I following you both religiously. I am a new home inspector in SW FL. I launched my business Ready Home Inspection in January with this pricing fear. This podcast has helped me push this fear aside and I will be raising prices. We must value ourselves for all the training and experience we have. Heck realtors makes 10s of thousands of $ on some of these deals. We should be making way more. Thank you for a great podcast. BTW Inspector Toolbelt is an awesome software system and my clients and realtors have been loving it!
Awesome! I am glad to hear!
Nick said "Show me your house is paid off." I tell price shoppers paying us more up front can have a better ROI, for example, if we find one more thing the cheaper inspector. Also, more items to negotiate on can save you tens of thousands in negotiated repairs or a reduction in the price of the home.
@@hanksta34 Yep. I remember many times finding something on a house that should have been caught by the last inspector - but the people just hired the cheapest one
An individual can value themselves as high as they want, but if their phone isn’t ringing and they are losing work to their competitors, how valuable is that perceived value?!?
It must be a collective effort by all or most in order to be effective and stick. And we all know there’s always gonna be some that play the anchor role. Or the struggling individual willing to do anything to schedule a gig.
It’s a slow and grueling process. Best advice is to build a great following and charge whatever you want.
There is truth to that
Preston is my 3rd uncle twice removed.
Would that make you his 4th nephew once removed? Or his 3rd cousin twice in place? :D
@@inspectortoolbelt bahahahaha