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Property inspection is interesting and rewarding. In one day, NPI franchise owners might inspect a turn-of-the-century Victorian and a retail strip mall, or an ultramodern apartment building and a recently built tri-level for a family being relocated by a large company. The inspection remains the same, but what you see changes dramatically.
NPI franchise owners enjoy helping people. They have the opportunity to educate people on the condition of their home or business property, providing vital information for decision-making. They inspect hundreds of components on a property and present the client with a professional report designed for clarity and ease of use. The report is helpful for closing the deal, determining maintenance schedules and improving a property for years to come. About 60 percent of homebuyers who responded to a survey by the U.S. General Accounting Office indicated that the results of a home inspection influenced their decision to buy. Seventy percent of respondents surveyed indicated that a professional inspection "helped them feel more comfortable with their purchase decision." More information on the GAO survey and the benefits of home inspection can be found in "Home Inspectors Provide Savings, Peace of Mind to Homebuyers" by Michael J. McDermott.
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A Vibrant Market
Homeownership numbers across the United States have continued a slow, steady increase since the mid-1960s. Recently, North American buyers and sellers experienced several years of double-digit appreciation in the housing stock. Currently, that trend has stabilized, allowing for growth in other areas, including rental housing.
According to recent statistics:
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- Just over 7 million existing homes were sold in the United States in 2005, a record for the fifth straight year.
- According to the results of the first-ever Home Inspection Survey, 81 percent of home buyers made the purchase of the home contingent on a property inspection.
- Every month, hundreds of thousands of new homes are started in the United States.
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- Approximately 46,000 households move each day, totaling more than 17 million moves per year.
- Adjusted home sales in Canada’s multiple listing service reached the highest level on record in the first quarter of 2006.
- Homeownership rates in the United States are on the rise, sitting at 66 percent in Canada and 69 percent in the U.S.
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| At NPI Corporate, we teach our franchise owners the way to develop a business that lasts, namely to diversify so that return is not solely dependent on one segment of the marketplace. When the residential market tightens, another arm should be prepared to flex and fill in the gaps. That’s why we promote a variety of commercial and residential business opportunities to allow you to develop your business to fit your local area and expertise.
(Statistics from the U.S. Census Bureau, U.S. Postal Office, American Society of Home Inspectors and Will Dunning Inc. and the Canadian Real Estate Association)
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