NAICS Code 531390-08 - Real Estate Inspection

Marketing Level - NAICS 8-Digit

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NAICS Code 531390-08 Description (8-Digit)

Real Estate Inspection is a specialized industry that involves the evaluation of properties to determine their condition and identify any potential issues. This industry is crucial in the real estate market as it helps buyers and sellers make informed decisions about the properties they are interested in. Real Estate Inspectors are trained professionals who conduct thorough inspections of properties, including both residential and commercial buildings. They examine various aspects of the property, such as the foundation, roof, plumbing, electrical systems, and HVAC systems, to ensure that they are in good working condition. Real Estate Inspection is a highly regulated industry, and inspectors must adhere to strict standards and guidelines to ensure that their inspections are accurate and reliable.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 531390 page

Tools

Tools commonly used in the Real Estate Inspection industry for day-to-day tasks and operations.

  • Moisture meters
  • Infrared cameras
  • Gas leak detectors
  • Electrical testers
  • Borescopes
  • Digital cameras
  • Ladders
  • Flashlights
  • Tape measures
  • Screwdrivers
  • Pliers
  • Wrenches
  • Hammers
  • Levels
  • Safety equipment (e.g. hard hats, gloves, safety glasses)

Industry Examples of Real Estate Inspection

Common products and services typical of NAICS Code 531390-08, illustrating the main business activities and contributions to the market.

  • Home inspections
  • Commercial property inspections
  • Pre-listing inspections
  • New construction inspections
  • Condominium inspections
  • Multi-unit building inspections
  • Radon inspections
  • Mold inspections
  • Termite inspections
  • Energy audits

History

A concise historical narrative of NAICS Code 531390-08 covering global milestones and recent developments within the United States.

  • The Real Estate Inspection industry has been around for over a century, with the first recorded home inspection taking place in the early 1900s. In the 1970s, the industry began to grow as homebuyers became more aware of the importance of inspections. The introduction of new technologies, such as thermal imaging and drones, has revolutionized the industry in recent years. In the United States, the industry has seen significant growth since the 2008 housing crisis, as more homebuyers seek to protect themselves from purchasing properties with hidden defects.