Charged $2.75 per sq. ft 3,000 sq. ft interior repaint - Contractor Talk - Professional Construction and Remodeling Forum

Paintlineit · 06-23-2008, 03:39 PM

the house is 3,000 sq. 4 bedrooms 3.5 baths, with a huge office with catherdral ceilings, the main hallway with staircase has 24ft ceilings, all the trim and doors in house are getting done 2 coats also. the estimate came out to $8500 with a $500 discount coupon i gave him, the house is located in wilmington MA, my question is do you guys think i charged to much?

Thomas Painting · 06-23-2008, 04:14 PM

Well if they accept the estimate ... than it wasn't too much. I know NEW construction in SWNH the going rate is only $2.25 sq/ft 2 coats on everything ... and prime.

Exroadog · 06-23-2008, 04:59 PM

I think its too low.

Paintlineit · 06-23-2008, 05:00 PM

well a residential estimate should be more because there is more time involved as far as moving furniture around and preperation right?

welovepainting · 06-23-2008, 05:13 PM

Im in Cleveland Ohio that seems like a competitive price to repaint the interior of a home to me. Depends on how busy you are and where you live I guess.

**ProWallGuy** · 06-23-2008, 08:08 PM

Sounds way low to me. But I guess it depends on if you have a low dollar blow-n-go crew or not. I would assume materials on that job would be close to a grand, eh?

Paintlineit · 06-23-2008, 08:32 PM

yeah, materials came out to $890 and ive got 2 brazilians working for me at $15 each very hard workers, i feel like i over bid it

john5mt · 06-24-2008, 12:27 PM

wow way too low. thats the new construction price here

premierpainter · 06-25-2008, 05:46 AM

We just finished a new house that was 3300 sq. ft.- total cost- $15,600 including the paint

Brian · 06-26-2008, 12:33 PM

Quote:

Originally Posted by Paintlineit

yeah, materials came out to $890 and ive got 2 brazilians working for me at $15 each very hard workers, i feel like i over bid it

I have found that our material costs are typically about 10% of the job. Based on that, which is only a generalization and is not recommended as an estimating method, your price should be $8,900.

Brian Phillips

premierpainter · 06-26-2008, 02:00 PM

Our materials range from 12% to 15% of the job. He was too low

THINKPAINTING · 06-26-2008, 08:13 PM

$13, 575 for us, depending on a few things, o yeah......we have American's working for us.........

10%, for materials.............at least 15-18%

ewingpainting · 07-01-2008, 12:03 AM

Quote:

Originally Posted by premierpainter

We just finished a new house that was 3300 sq. ft.- total cost- $15,600 including the paint

You must have had 10 colors and allot of wood work

Alpha · 07-12-2008, 10:28 PM

if it's not loaded with trim, crown etc, the quote seems low. If its loaded with trim and you are doing many colors, very low. These new construction can take between 200-400 man hours.

TBLServicesinc · 07-14-2008, 10:51 PM

I need to move to were you guys live here fl that would be super high. We are at 1.2 to 1.5 on new cont and lucky to get 2 on repaints.

michfan · 07-15-2008, 10:01 PM

way to low. that is exactly why i don't mess with new construction much anymore. the gc will probably say that is too high. truth is not many gc's have any realistic expectations when it comes to hiring a LEGAL, QUALITY, painting contractor anymore!

amcline · 08-05-2008, 02:29 PM

Quote:

Originally Posted by TBLServicesinc

I need to move to were you guys live here fl that would be super high. We are at 1.2 to 1.5 on new cont and lucky to get 2 on repaints.

im in fl, my norm charge by sf/floor was 1.85 ext and 2.80 int w/ materials,
however, i dont think i have ever actually gotten that, usually end up making 1. psf ext and about the same for int after materials,

currently i cant seem to give away my time,
ive been sitting a while now, and considered going to another company, but then they dont want to pay but 10-12 per hour, and expect you to be there, on time, with truck, tools, cell, good lic. and occupational lic. fast speed and great skill, with over 3-5yrs exp, and do 99% of the work. then they want you to do the est of materials, and time for them!

ive hired helpers for 10 ph and they just had to show up!

sorry for the rant, but by what the OP said and rest it sounds good for the area, but certainly high for here, i guess were just lucky like that.

Paintlineit · 08-05-2008, 04:22 PM

well i won the bid, and I made $5,000 profit, took me 4 days to do it, and the client was amazed by our work. Oh and by the way alpha painting this is Josh, and I agree that the price was low but that's how I stay busy and still make money.

electro · 08-05-2008, 07:57 PM

Paintlineit
Without knowing more details, I assume when you state you made $ 5,000.00 you're referring to monies left after you pay your men their wage. What is left is not true profit. You most deduct all costs of labor inclusive of wages, payroll taxes, Worker's comp and liability insurance, as well as state unemployment insurance. After you deduct all these labor costs and materials what you have left is Gross profit (Anywhere from 15%-50% gross profit is the norm). Then you most deduct all your business expenses, phones, licenses, trucks, equipment, etc... Then what you have left is Net profit. If you're netting from 5%-20% you are in the norm..
Correct me if I assumed wrong.

Brian Drucks
Yourcostcenter.com

Paintlineit · 08-06-2008, 02:32 PM

hey thanks for letting me know what net profit is, i had no idea!!!

$5000 was my net profit