Kiran Shahzadi Business Plan 01 Home inspection services.pptx

business plan presentation - Home inspection services

1. Home inspection services Business plan of home inspection services Submitted by : kiran shahzadi Registration # (122130153) Supervise d by : respected

2. Introduction Home inspection services is introduced for locality Providing home inspection services for old houses pre-purchase assessment Enabling customers to l ive in luxury and certified checked home S safety assurance in all aspects like ( Electricity works condition, wood work, sanitary works). R apidly became apparent that general contractors were not ideal for the home inspection task. It required a lot of detailed, specialized knowledge. Regular shift to professional home inspectors specifically trained for the task. The terminology correspondingly shifted from “contractor inspection” to “home inspection.”

3. Why its important With the rapid devaluation of Pakistani rupee in the recent few years, the prices of Homes have seen a huge rise making it very challenging for a person to option for a brand new home. As a result, people are now considering the purchase of used home as they tend to be much more economical in comparison to the new ones. However, it still is very difficult for a used Home buyer to assess the actual condition of the home Due to fraudulent behavior of Agents and Real estate consultant for owners and people in general. There are several techniques being used by agents that are employed to conceal the original condition of the home and misrepresent the facts that mainly include Sanitary, Electric and wooden work in order to get more prices for the home.

4. To be the leading provider of comprehensive and reliable Home Inspection Services, ensuring the safety and satisfaction of Home owners across Multan. Vision

5. Mission Our mission is to deliver thorough and professional Home Inspections that prioritize safety, transparency, and convenience. Through our expertise and exceptional customer Services, we aim to empower Home owners with the knowledge and confidence to make informed decisions about their homes.

6. Business Object s Ensure Safety : Our dedicated team of experienced professionals will conduct correct inspections to identify potential safety hazards and ensure that Home meet industry standards. Provide Transparency : We believe in transparency throughout the inspection process. Our detailed reports will provide clear and accurate information about the condition of the Home, highlighting any existing issues or potential maintenance needs. Prioritize Customer Services: We are committed to delivering exceptional customer Services, offering personalized assistance and support to Home owners at every step. We aim to build trust and long-term relationships with our customers, providing them with peace of mind and a positive experience. Promote Convenience : We understand the value of time and convenience for our customers. Through streamlined processes, online scheduling, and flexible Services options, we aim to make the Home Inspection experience as convenient as possible. Foster Continuous Improvement : We constantly strive for excellence by fostering a culture of continuous improvement. We invest in ongoing training and development for our team members, staying updated with industry advancements and enhancing our inspection procedures to deliver the highest quality Services. By adhering to our vision and mission, we aim to be recognized as the preferred choice for Home i spections , trusted by individuals, businesses, and Real estate industry professionals alike in Multan.

7. Competitors Currently, Local constructors are the competitor offering this Services in Multan. Marketing Plan: To market our Services, we will use various channels including social media, local advertising and word-of-mouth referrals. We will also approach Local Consultant that deal in used Home for partnership and to promote our Services for the ease of Home buyers.

8. Target Market Our target audience is all those individuals who are looking to buy or sell their used Home. Home Inspection Services can serve both buyer and seller. Sellers can get their Home inspected to perceive the actual Home condition and demand its price accordingly. Moreover, with the inspection report attached, they will be able to sell their Home swiftly. On the other hand, Buyers can use this to make an informed buying decision by being able to know the actual condition of the Home.

9. Pricing strategy Price Comparison
Company’s Name Other Company Offer Price. Our Company Offer’s 1 Pakistan Inspection co pvt ltd Rs.5000 per Three Bed. Rs . 4000 per Three Bed 2 Building Standards ltd. Rs . 4500 Per Two Bed. Rs . 3500 per Two Bed 3 Mahir Company. Rs . 3500 per Single Bed. Rs . 2500 per Single Bed Base Inspection Fee: We have set a reasonable base inspection fee that covers the cost of the standard inspection Services, such as checking the internal and External wiring of electricity and connections of electric works, sanitary work checking like (pipe leakage and quality and life of sanitary which is installed, Plumber work like (door kitchen cabinet installation and life of wood work in overall home and overall home condition, home’s that are maximum one year to ten years old for following charges:

10. Company package Inspection Packages House Category. Basic Package Price ( Rs .) Comprehensive Package Price ( Rs .) One Bed House. 2500. 3500 Two Bed House. 3500. 6000 Three Bed & Above. 4000. 6500
Note: For Homes that are older than 15 years, 500 Rs . Extra are charged for each size category. Inspection Services Packages: We will offer different Services packages to cater to various customer needs and budgets such as: a. Basic Package: Includes essential inspection points, such as Electric Condition, Door and cabinets Quality and life, sanitary works at an affordable price. b. Comprehensive Package: Provides a more detailed inspection, including additional checking of Sewerage and drainage, Water supply, Walls Quality with bricks and material checking, exhaust system and Paint Etc.

11. SWOT Analysis Strengths: T eam of experienced and knowledgeable inspectors A ccurate and R eliable assessment of homes. D etailed and well-organized inspection reports differentiate the Services attract customers who seek thorough assessments. R easonable rates in comparison of our competitor. M odern diagnostic tools in order to make assessments accurate.

12. Weaknesses. Opportunities. O nly operate in Multa n M iss out on potential customers outside Multan. Q uality of inspections heavily relies on individual inspectors’ skills . lead to inconsistency in quality of Services sometimes. Forming partnerships with Home dealerships can increase the customer . D ealerships may refer customers for pre-purchase inspections. The rise in Home prices can increase customer of used home to provide our Services. Our effective online presence and marketing strategy will help us reach a wider audience and attract potential customers. Our bundle offers will help frequent buyers to consider our Services repeatedly in a much reasonable amount.

13. Threats Regulatory Changes: Changes in local or national regulations regarding Home Inspections can impact the Service’s operations. Increase in competitors may pose a threat to customer retention and profit margins. The availability of online DIY inspection tools or apps may discourage some customers from using professional inspection Services.

14. HUMAN RESOURCE MANAGEMENT PLAN Hiring Criteria Home Inspection Services will need a workforce of three technical employees besides the owner which includes the following: 1.Electrician 2. Sanitary Inspection 3. Carpenter This workforce will be hired on the following.

15. Hiring Procedure Job Analysis and Description J ob analysis to determine the specific responsibilities, required skills, and qualifications for the roles. J ob description that outlines the key duties and expectations will be created accordingly. Recruitment Strategy O nline job portals, social media platform and industry-specific websites Resume Screening R eview of all resumes to shortlist candidates who meet the require ment. Interviews Initial interviews with shortlisted candidates will be conducted to assess their technical knowledge, experience, and suitability for the role. Practical Assessment Top candidates will be called for a practical assessment and will be asked to demonstrate their skills. Reference Checks References provided by the candidates will be contacted to verify their work history, performance, and reliability. Background Check Background check will be conducted to ensure that the candidate has a clean record and is suitable for employment. Offer and Negotiation Once we have identified the most suitable candidates, we will extend a job offer, and discuss terms of employment, including salary, working hours and any other relevant details. On Boarding Once the candidate accepts the offer, we will provide a comprehensive on boarding process to familiarize them with company policies, procedures, and safety guidelines .

16. Finance P lanning Sales forecasting Years No. Of Customer/Day Avg charges Per days Monthly revenue Annual Revenue 01 7 3000 21000 546000 6552000 02 14 3000 42000 1092000 13104000 03 21 3000 63000 1638000 19656000

17. Finance P lanning The estimated start-up expenditure for Home Inspection Services is Rs . 1,060,000. The detailed breakdown of the estimated initial investment is as follows: Rent and Security Deposit: Rs . 360,000 (3 months advance security for a 2 Marla’s commercial space) Renovation and Interior Design: Rs . 170,000 (for customizing the space) Office Furniture and Equipment: Rs . 270,000 (including sofas, work desk, lighting, decor, laptop, printer etc.) Diagnostic tools: Rs . 30,000 (this includes electric 2 volt scanner, multi meter) Bike Rider : 2 bikes for team inspection call (Approx. 230,000) Loan Requirement There is no loan requirement for this business. All the investment belongs to the owner. Monthly Operational Cost The breakup of monthly operational cost 345,000.

18. Operational cost Business income S heet. Type of Expense (Annually) Amount (Monthly) Amount (Annually) Rent 120000 1440000 Salaries 125000 1500000 Utilities 40000 480000 Office Supplies 15000 180000 Feul 35000 360000 Promotion 15000 180000 Total Expense 345000 4140000 Initial Investment 1060000 Annual Operating Expense 4140000 Total Exp 1st Year 5200000 Expected Sale/Income 6552000

19. Return on Investment Net Income= 6552000-5200000=1352000 Return on Investment = Net Profit/total cost *100 It comes out to be ROI =1352000/5200000*100 = 26%

20. Conclusion Home Inspection Services Business plan is an attractive and profitable business plan due to the following reasons: Increased awareness of the importance of Home maintenance and safety has led more Home owners to seek out inspection Services. People understand that regular inspections can prevent costly repairs and ensure their Home is safe to Live. Home owners are increasingly concerned about their safety and that of their Families. A comprehensive inspection can provide peace of mind and help owners avoid potential legal liabilities in case of big damage. As the used Home market continues to grow, many potential buyers seek pre-purchase inspections to ensure they are making a wise investment. Advancements in technology have made inspections more complex, requiring specialized equipment and expertise. Home Inspection Services can capitalize on this by offering state-of-the-art inspection Services.