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Every year, licensed inspectors generate the most complete picture of a home's condition. Then the data disappears. SpecMade captures it, keeps it current, and gives homeowners the tools to act on it before the next emergency.
The Problem
Sarah closes on a 1987 colonial. Her inspector, Andrew, spends three hours assessing every system, every component, every room. He knows this house better than anyone alive.
What does Sarah get? A 63-page PDF with 247 findings. No priorities. No timeline. No way to know what is urgent versus cosmetic. She doesn't know where to start — so she doesn't.
Six months later, the furnace fails. Then the water heater. Every repair feels like an emergency. Sarah spends $15,000+ a year on her home and every dollar is reactive — driven by anxiety, not information. She's always one surprise away from a bill she didn't plan for.
Andrew knew about all of it. It was on page 41. Sarah never got there. There is no way for her to act on what he found, and no way for him to stay connected.
Andrew started as an inspector at the company. He saw the data disappear after every inspection for years — so he bought it. Now he's President of the operation, with half his acquisition consideration in SpecMade equity, vesting at the same rate as the founders. Andrew isn't cashing out. He's betting his outcome that this problem gets solved.
63 pages. 247 findings. Zero prioritization.
63
Pages
247
Findings
0
Priorities
The Insight
A home inspection is a four-hour window into complete home knowledge — every system, every component, assessed by a licensed professional. No other moment in homeownership produces this depth of understanding. And no one has built a business on top of it. Two structural gaps explain why.
The Trust Gap
Inspectors are the only aligned party in the transaction — paid to tell the truth, not to close the deal. They're the most trusted distribution channel into the home, yet they have zero ongoing participation in the homeownership journey.
The Data Gap
Interior condition data requires a licensed professional inside the home. It cannot be scraped, sensored, or approximated from satellite imagery. Whoever captures and structures this data first owns the intelligence layer.
130M homeowners. $15K+ spent per home, per year.
Zero intelligence layer.
The Product
Sarah's inspector already knows what her home needs. SpecMade turns that knowledge into a living record she can act on. The system gets smarter with every action. Originate. Refresh. Activate. Each phase builds on the last.
For Inspectors • Live March 2026
Inspectors do what they do best — diagnose homes. SpecMade handles everything else: AI-generated reports from photos, video, and voice. Standards-compliant, delivered instantly.
Full business system — booking, CRM, payments, reporting — replacing the stack of ISN, HIP, QuickBooks, and spreadsheets.
Structured data from day one. Every inspection feeds the intelligence layer.
For Homeowners
Priority actions ranked by urgency, cost, and impact. Sarah knows exactly what to fix first.
Trusted contractor network. Bundled repairs. Home Health Score tracks improvement over time.
Capital planning across a 10-year horizon. The home as a managed asset, not a reactive expense.
Your water heater is 11 years old
Average lifespan is 10-12 years. Based on your inspection data, we recommend replacing before winter. Estimated cost: $1,800-2,400.
Proactive alerts grounded in inspection data — not generic tips. Act now or schedule later.
We meet inspectors where they are to maximize the surface area of data acquisition — then keep the record alive and turn it into action.
Every inspection is a paid customer acquisition event. The inspector is the distribution channel. The homeowner becomes a captive customer with a structured data record from day one.
Keep the condition record current. The Home Health Score updates with every action.
Turn condition data into revenue. The right recommendation at the right time.
Our Advantage
We acquired a running inspection business — revenue, data, and distribution from day one.
Inspection Company — 2025 Actual Results
10K
Inspections completed
$2.3M
Chicago top-line revenue
40%
Gross margin
19
Licensees ($10K/yr each)
Chicago owned operation
4,500 inspections — $2.3M revenue — 40% gross margin
Licensee network
~5,500 inspections — 19 exclusive-territory licensees — $10K/yr license fee + royalty on net fees
Chicago Unit Economics
~$511
Avg. revenue per inspection
15
Active inspectors
300
Inspections per inspector/yr
$0
Customer acquisition cost
45%
Inspector comp
25%
OpEx (AI target)
15%
EBITDA today
50% task automation target (report generation = 30% alone). Compresses OpEx without changing inspector economics.
EBITDA Margin Bridge
40% gross margin. 25% OpEx. 50% task automation compresses the OpEx layer — trajectory toward 2x EBITDA on inspection revenue alone.
37+
Years of brand equity
100K+
Historical digital inspections
18+
Years of digital records
The Moat
Interior condition data requires a licensed professional inside the home. It cannot be scraped, sensored, or approximated. Every inspection deepens the dataset. Every inspector who builds their business on our platform makes the network harder to replicate. And every new market we enter feeds the same AI models — making each subsequent market faster to integrate and more profitable to operate.
Competitive Landscape
The home services ecosystem is fragmented across inspection software, marketplaces, and property data. No one connects all three — because no one starts where the data originates.
Spectora, HomeGauge, HIP & ISN (Porch)
Report-generation tools. Data stops at the PDF. Porch owns the scheduling layer (ISN) and a report tool (HIP) but sells lead-gen, not homeowner value.
Thumbtack, Angi
Lead-gen with no condition data. Recommendations are generic — they don't know what your specific home actually needs.
EagleView, CoreLogic, Verisk
Exterior data from satellites and public records. They know the roof age. They don't know the furnace is failing.
Everyone owns one lane. SpecMade owns the intersection. Inspector credibility. Current condition data. Homeowner action. All in one place. The window to lock in this position is now, before incumbents integrate vertically.
The Business
Every inspection creates a paid customer relationship and a structured data record. AI automation expands margins. Three revenue layers compound on top. Then we do it again in the next market.
$2T
Annual home operating spend
Maintenance, insurance, repairs, products
130M
Homeowners managed reactively
$15K+
Avg. annual spend per home — mostly reactive
Paid customer acquisition. Revenue from day one. Each inspection creates a new homeowner relationship and a structured data record.
Personalized recommendations grounded in condition data. Contractor referrals with documented scope. Revenue grows as the record deepens.
Recurring visits keep records current. Predictable baseline revenue. Longitudinal data makes every recommendation more precise.
Additional platform revenue: SpecMade Inspect SaaS subscriptions (per-inspector monthly fee) + licensee network fees ($10K/territory/yr + royalty on net fees). Recurring B2B revenue independent of homeowner activation.
Every home condition record is a distribution channel into the $2T operating economy. As the dataset grows, SpecMade becomes the intelligence layer that powers decisions across:
Insurance
Condition-based underwriting and risk pricing
Contractor
Scoped referrals with documented need
Lending
Renovation finance grounded in actual condition
Commerce
Products matched to specific home needs
The Chicago operation is where we validate unit economics and the full Originate-Refresh-Activate loop. 100,000+ historical digital inspections and a base of homeowners ready to re-engage. But Chicago is the first proof point — not the only one. The playbook is acquire, automate, expand. Every inspection market we enter feeds the same AI models, the same platform, and the same homeowner network. The economics improve with each one.
The Team
Co-Founder & CEO
Multi-time founder. Founded and led Trusted Health as CEO — grew to 400 employees, nearly $500M in annual revenue, raised $250M in venture capital. Licensed home inspector. Got licensed not to build an inspection company, but to understand the data from the inside.
Co-Founder & CPTO
Former Dropbox product leader — led mobile product and engineering, launched zero-to-one products, led AI efforts. Designed and managed two full gut renovations. Now applying that same rigor to homeownership.
Founding Engineer
Full-stack engineer with experience across AcuityMD, recommendation systems, real-time data pipelines, and blockchain infrastructure. Deep across React, TypeScript, Python, and ML tooling. Building the SpecMade platform end to end.
President, Inspection Operations
Started as an inspector. Worked his way up and bought the company. Half of his acquisition consideration is in SpecMade equity, vesting at the same rate as the founders. Andrew is not cashing out — he is betting his outcome on SpecMade's success.
The Ask
To deploy SpecMade Inspect across the licensee network, launch SpecMade Home to homeowners, and prove the full system.
60%+
Product & Engineering
Ship Inspect and Home. AI report generation. Health scoring. Recommendation engine.
25%
Go-to-Market
Licensee network rollout. Onboarding. Chicago market validation.
15%
Operations
Infrastructure, legal, insurance, and working capital.
>20% homeowner action rate
Homeowners acting on proactive prompts from SpecMade Home — not just viewing, but scheduling repairs, purchasing products, and following care plans
50K annual inspection run rate
Across Chicago operation, licensee network, and SpecMade Inspect platform — every inspection a new structured data record
Zero-CAC acquisition economics
Every inspection is paid revenue and a new homeowner relationship. Vertical integration compounds LTV across subscriptions, services, and commerce against a customer you were paid to acquire
1,000+ paying HomeCare subscribers
Recurring revenue from homeowners who value ongoing condition management — proving the relationship extends well beyond the inspection
Chicago operation: AI scale + margin expansion
50% growth in Chicago inspections through AI-driven efficiency and capacity. 50% task automation compresses the 25% OpEx layer — trajectory toward 2x EBITDA on inspection revenue alone, before SpecMade Home and Activate layer on at platform margins
The inspection is the beginning,
not the end.
SpecMade is building an AI-native compounder in the largest asset class in America. This is a 10-year thesis.
matt@specmade.com