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dawnatello
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| Joined: | Thu Apr 27th, 2006 |
| Location: | California USA |
| Posts: | 33 |
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Posted: Wed Oct 1st, 2008 11:50 pm |
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ah, the ever-soothing topic of "how much should i charge"...
I've always use the "industry standard" fee structure of charging 10-15% for custom home, and 15-20% for remodel/addition. This info was given to me a couple years ago, do they still seem reasonable for remodeling a 50+ year old house in San Francisco Bay Area?
Also I use -- SD = 20%
- DD = 15%
- CD = 45%
- BID = 5%
- CA = 15%
If I do CM, I'd up my fee to 20-25%.
Agree? Is there something official published in AIA that reinforce this percentage breakdown? I feel like I'm building a case...
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Coach
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| Joined: | Tue Mar 4th, 2008 |
| Location: | USA |
| Posts: | 5076 |
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Posted: Thu Oct 2nd, 2008 12:09 am |
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If you can get it, great. But I think those numbers tend to go to architects in high demand, especially in the Bay Area.
What's the construction budget?
Are you licensed?
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dawnatello
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| Joined: | Thu Apr 27th, 2006 |
| Location: | California USA |
| Posts: | 33 |
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Posted: Thu Oct 2nd, 2008 12:28 am |
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yes, i'm licensed. construction budget is about $300/SF for remodel and addition.
what would be closer to your expectation for smaller but licensed residential designers?
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Coach
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| Joined: | Tue Mar 4th, 2008 |
| Location: | USA |
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Posted: Thu Oct 2nd, 2008 12:53 am |
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Remodels are tough to gauge. Honestly, cost per SF doesn't help much without knowing the area of the scope of work.
At 15% though, you're talking about $45/sf in fees and that sounds more than extreme to me. But again, it depends on the house and the extent of the work.
Firm size doesn't matter. It's usually the boutique specialists that command the higher fees for residential.
A lot also depends on the scope of your services. Will there be a lot of woodwork to be detailed? Color & finish selection? Is the fee all-inclusive as far as consultants are concerned?
In this market, you could probably find a number of firms who will take that on for $5/foot plus engineering and many for $10 or less.
You just have to gauge the client and try to do some intelligence as far as the competition is concerned.
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dawnatello
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| Joined: | Thu Apr 27th, 2006 |
| Location: | California USA |
| Posts: | 33 |
| Exams Taken: | GS, LF, BD/MM | | Exams Passed: | GS, LF, BD/MM | | Describes Me: | |
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Posted: Thu Oct 2nd, 2008 12:57 am |
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full service like all the way:- documenting the existing site condition,
- provide multiple design variations (about 4)
- all the typ interior design scope
- interior finishes, replacing windows, with trims
- coordination w kitchen fabricator
- bid negotiation (more than 3 bidders)
- CA/CM
does this help?
Last edited on Thu Oct 2nd, 2008 12:58 am by dawnatello
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sharcitect
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| Joined: | Sun Oct 14th, 2007 |
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| Posts: | 172 |
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Posted: Thu Oct 2nd, 2008 02:32 pm |
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FWIW:
In NYC, at the firms I have worked for, high-end residential renovations typically have a 15%-20% fee. I've even seen 22%....
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