Whats The Going Rate?

 
Thread Tools Search this Thread Display Modes
Old 10-07-2007, 11:21 AM   #1
PROPAINTERGRL
 
PROPAINTERGRL's Avatar
 
Trade: HOUSE PAINTING INTR/ EXTR
Join Date: Oct 2007
Location: SOUTH TX
Posts: 1
Rewards Points: 10
Send a message via AIM to PROPAINTERGRL
Lightbulb

Whats The Going Rate?


HEY GUYS JUST WANDER WHATS THE GOING RATE IN TX ON PAINTING 2 COATS BENJIMEN MOOR PAINT BY SQ. FT. ?IV BEEN GETTIN 1.00 ON THIS
PROPAINTERGRL is offline  

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   
 

Old 10-07-2007, 11:24 AM   #2
Fentoozler
 
Celtic's Avatar
 
Trade: Professional Pie and Pastry Taster
Join Date: May 2007
Location: New Jersey
Posts: 5,623
Rewards Points: 2,000

Re: Whats The Going Rate?


I get $5/sq.ft

__________________


The UD is quite possibly man kinds finest accomplishment.
Celtic is offline  
Old 10-07-2007, 11:27 AM   #3
Back from the dead...
 
ProWallGuy's Avatar
 
Trade: Paperhanger/Painter
Join Date: Oct 2003
Location: St. Louis, MO
Posts: 6,642
Rewards Points: 2,504

Re: Whats The Going Rate?


Sorry ProPainter, there is no 'going rate'. Do a search on this forum for 'going rate', 'pricing', 'estimating', etc. and you will understand.
ProWallGuy is offline  
Old 10-07-2007, 11:32 AM   #4
DGR,IABD
 
mdshunk's Avatar
 
Trade: Electrical; Commercial and Residential Service
Join Date: Mar 2005
Location: Central PA
Posts: 9,682
Rewards Points: 2,000

Re: Whats The Going Rate?


Wow! You're getting a dollar? Lower your price to 25 cents a square foot, and you'll have tons of work. Guaranteed.
mdshunk is offline  
Old 10-07-2007, 11:45 AM   #5
Pro
 
plazaman's Avatar
 
Trade: Remodeling Contractor
Join Date: Apr 2005
Location: NYC
Posts: 2,182
Rewards Points: 1,014

Re: Whats The Going Rate?


you first need to establish your overhead, then you have to know your production rates, then your hourly ... then you could bid. compare that to your $1 rate and see how you came out. make up a mock bid and compare.

ask yourself, "can i complete this project for $x and make money?"
plazaman is offline  
Old 10-07-2007, 12:09 PM   #6
Fentoozler
 
Celtic's Avatar
 
Trade: Professional Pie and Pastry Taster
Join Date: May 2007
Location: New Jersey
Posts: 5,623
Rewards Points: 2,000

Re: Whats The Going Rate?


Now that the cat is outta the bag....of course I don't get $5/sq.ft painting...mainly because I'm not a painter ~ but that is irrelevant.

The "going rate" means nothing.
I'll repeat that for you:
The "going rate" means nothing.

"Why?" you must be saying?
Simply put....one contractors rate has little to no effect on what you need to charge to become successful.

You need to know your costs to operate your business....and everyone's cost are different.
__________________


The UD is quite possibly man kinds finest accomplishment.
Celtic is offline  
Old 10-07-2007, 12:11 PM   #7
Pro
 
bigchaz's Avatar
 
Trade: Wood Restoration/Refinishing
Join Date: Jun 2006
Location: Wake/Chatham NC
Posts: 168
Rewards Points: 150

Re: Whats The Going Rate?


going rate is as much as you can charge if you focus on marketing to the right people and doing the quality work that demands such pay
__________________
Charlie Soden
Apex DeckSavers
"New life for old wood"
Deck cleaning and staining Wake County
bigchaz is offline  
Old 10-07-2007, 01:55 PM   #8
Systems Fanatic
 
Brian's Avatar
 
Trade: Painting
Join Date: Jun 2004
Location: Houston, TX
Posts: 415
Rewards Points: 250

Re: Whats The Going Rate?


Quote:
Originally Posted by PROPAINTERGRL View Post
HEY GUYS JUST WANDER WHATS THE GOING RATE IN TX ON PAINTING 2 COATS BENJIMEN MOOR PAINT BY SQ. FT. ?IV BEEN GETTIN 1.00 ON THIS
Square foot of what? I get $3+ per square foot for some things, like doors, and less than $1 per square foot for other things, like walls.

The "going rate" in Houston is about half that. Which is why it is really the going out of business rate.

Brian Phillips
Brian is offline  
Old 10-07-2007, 09:19 PM   #9
...jammin
 
slickshift's Avatar
 
Trade: Rock Disciple
Join Date: Jun 2005
Location: Cape Cod, Massachusetts
Posts: 5,234
Rewards Points: 2,000

Re: Whats The Going Rate?


Welcome to the site
I'm glad you found us
You'll find a wealth of information here
One the things you'll find here is the large amount of painting contractors that will tell you there is no such thing as a going rate
This is a truism that may take you a while to grasp if you've been trained to think in that other way
But really, don't let others sent your prices for you
You can't know and grow your business by using someone else numbers
Think of all the other businesses out there....
What's the going rate for a computer?
What's the going rate for a car?
Do you think that they price there products with no consideration on the cost of manufacture?
It's the same with services

You need to figure out your costs and overhead, and come up with your "rate", then sell it
Anything else is 'winging it', 'getting by' or 'going broke'
__________________
Signature Quote
Quote:
Originally Posted by ModernStyle
I have never used this crap before and I pray to the paint gods that I never have to use it again, I would rather use Behr
slickshift is offline  
Old 10-07-2007, 10:41 PM   #10
Curmudgeon
 
neolitic's Avatar
 
Trade: carpentry/remodeling/"Yes M'am we do"
Join Date: Apr 2006
Location: Beech Grove, Indiana, Birthplace of the "King of Cool"
Posts: 11,706
Rewards Points: 2,000

Re: Whats The Going Rate?


Paintergrl, don't think they're ganging up on you cause your a gal--you just hit a real hot button. There are some real good guys and gals here, stick around and maybe you'll learn somethings---and maybe you can teach some too
neolitic is offline  
Old 10-08-2007, 07:47 AM   #11
Pro
 
lornmastro's Avatar
 
Trade: interior paint contractor and window treatment workroom
Join Date: Mar 2006
Posts: 342
Rewards Points: 250

Re: Whats The Going Rate?


Welcome!! Another woman on this forum...hooray. First off you will gain a wealth of information on this forum...but not for pricing/ a $ amount. Slick said it very well. will a $1 / foot pay your costs of doing business and give you enough to make a living?? also who are you targeting as customers..repaints of apts/new homes or high end houses. different quality of work different prices?? feel free to pm me if you have any additional question would love to chat. From another bra wearing painter...lol
lornmastro is offline  
Old 10-08-2007, 08:09 AM   #12
Pro
 
Bone Saw's Avatar
 
Trade: decks
Join Date: Feb 2006
Posts: 2,815
Rewards Points: 2,032

Re: Whats The Going Rate?


if I see "going rate" one more time on this forum this week, Im gonna go plumb ape***** and go on a shooting rampage! everything you need to know about any going rates is right here
http://www.nyse.com/home.html
Bone Saw is online now  
Old 10-08-2007, 01:31 PM   #13
Painting Contractor
 
Humble Abode's Avatar
 
Trade: Painting Contractor
Join Date: Mar 2005
Location: Milwaukee, WI
Posts: 1,176
Rewards Points: 500
Send a message via AIM to Humble Abode

Re: Whats The Going Rate?


Quote:
Originally Posted by Bone Saw View Post
if I see "going rate" one more time on this forum this week, Im gonna go plumb ape***** and go on a shooting rampage! everything you need to know about any going rates is right here
http://www.nyse.com/home.html
__________________
Just because some of us can read and write and do a little math, that doesn't mean we deserve to conquer the Universe. Kurt Vonnegut, (1922 - 2007) from the Novel 'Hocus Pocus'
The NAPP
Milwaukee Painting Contractor
Humble Abode is offline  
Old 10-08-2007, 04:29 PM   #14
Pro
 
Workaholic's Avatar
 
Trade: Painting Contractor
Join Date: Feb 2007
Location: Huntsville Alabama
Posts: 1,463
Rewards Points: 500

Re: Whats The Going Rate?


Quote:
Originally Posted by Bone Saw View Post
if I see "going rate" one more time on this forum this week, Im gonna go plumb ape***** and go on a shooting rampage! everything you need to know about any going rates is right here
http://www.nyse.com/home.html
Postal huh, i was just about to start a thread on how much for lf of trim and a seperate thread for squared wall price. I am also going to need that for the Alabama price and the Washington state price.
__________________
Sean
Workaholic is offline  
Old 10-09-2007, 07:39 AM   #15
Pro
 
PlainPainter's Avatar
 
Join Date: Dec 2004
Posts: 431
Rewards Points: 250

Re: Whats The Going Rate?


I would have to disagree with most of you on the 'going' rate. Perhaps if there was a scale of pricing, and the market was for some reason on the low end of the scale - then sure, you need to know exactly what your costs are in order to stay in business. But I ain't in business to merely 'stay' in business. If I can paint 3 bedrooms a week and charge $600 per bedroom and make $1800 in sales a week - I might be satisfied after all my expenses are deducted. But then again what if I knew if 50% of the painters out there are grossing $2700 for the same work - and I consider my quality to be in the top 15% - then you bet your booty I will be raising my price, more in line to the 'going' rate. If the 'going' rate, for 50% of the painters was $1200 to paint a bedroom - then I'd be upping my price again. Why would I only be concerned about what it takes for me to stay in business? What if I was stupid enough to think I could paint a bedroom for $250 and be happy? I understand if the 'going' rate was below what you as a contractor charge, then you need to focus more on sales and service to keep your rates above the market. But there is a distribution of pricing out there - why not learn what it is, and price accordingly? I do lots of other services at the 'going' rate, only because when I do - I am sometimes making $80, $90, $110 per hour. Why would I give that up? I suppose I could do them for $40 - although I'd be suffering at that rate - but still it would cover costs to some degree. I ain't in business to work for customers for $15/hr after all costs are covered. If the going rate is higher - charge higher.
PlainPainter is offline  
Old 10-09-2007, 09:17 AM   #16
Pro
 
George Z's Avatar
 
Trade: Painting Contractor
Join Date: Dec 2004
Location: Toronto
Posts: 1,855
Rewards Points: 1,014

Re: Whats The Going Rate?


Quote:
But I ain't in business to merely 'stay' in business.
Not you I hope, but the great majority of us will go out of business



Quote:
Why would I only be concerned about what it takes for me to stay in business?
"To stay in business" means:
to make a net profit you planned for,
including a salary you think you should get for running the business
inluding hourly wages if you are working on the field.

Quote:
What if I was stupid enough to think I could paint a bedroom for $250
We have painted bedrooms for that and made money,
and made less with the $2,500 bedrooms

Quote:
I am sometimes making $80, $90, $110 per hour. Why would I give that up? I suppose I could do them for $40 - although I'd be suffering at that rate -
A painter/owner working on the field at $90 per hour will make less money
than the owner of a million dollar company charging 50 per hour.

Quote:
If the going rate is higher - charge higher
Because the "going rate" is always customer speak for:

you are too expensive

Last edited by George Z; 10-09-2007 at 11:22 AM.
George Z is online now  
Old 10-09-2007, 11:10 AM   #17
Three Rivers Services LLC
 
aWorkaHolic's Avatar
 
Trade: General Contractor
Join Date: Sep 2007
Location: Federal Way, Washington
Posts: 168
Rewards Points: 150

Re: Whats The Going Rate?


Quote:
Originally Posted by Bone Saw View Post
if I see "going rate" one more time on this forum this week, Im gonna go plumb ape***** and go on a shooting rampage! everything you need to know about any going rates is right here
http://www.nyse.com/home.html
How many times can we quote you? I say the "going rate" is what you sell the job for. If your still in operations at the end of the year then your going rate was just right.
aWorkaHolic is offline  
Old 10-09-2007, 06:31 PM   #18
The Duke
 
Kent Whitten's Avatar
 
Trade: Cabinet Maker
Join Date: Mar 2006
Location: Portland, Maine
Posts: 14,745
Rewards Points: 2,036

Re: Whats The Going Rate?


yes, YOUR going rate, but not THE going rate.

A simple example is gas prices. The guy across the street is almost always never the same "rate". Maybe a penny, but it's not the same.

"The going rate" implies that there is a certain price, set in stone somewhere in Colorado (it's at Mike finleys house, he controls all the going rates in the country) that if you're above this "rate, then you cost too much, but if you're below, then you're "cheap"

There's no such thing as the going rate. This is a ploy for you to reduce your prices. You never hear "well, the going rate is $80/hr, you're saying $60/hr, you need to raise your prices."
__________________
If you correct your mind, the rest of your life will fall into place ~Lao Tzu

SalmonFallsCabinetry.com

Salmon Falls Cabinetry on Facebook
Kent Whitten is offline  
Old 10-09-2007, 07:35 PM   #19
Celtic's #1 Fan
 
mahlere's Avatar
 
Trade: electrical
Join Date: Aug 2006
Posts: 2,582
Rewards Points: 2,000

Re: Whats The Going Rate?


i have yet to meet anyone who has to increase their prices to meet the "going rate"
mahlere is offline  
Old 10-10-2007, 01:59 PM   #20
Registered User
 
mattd's Avatar
 
Trade: painting,tile,trim,handyman.
Join Date: Oct 2007
Posts: 10
Rewards Points: 10

Re: Whats The Going Rate?


Exterior painting , not sure how to get accurate estimate. Whats a good way to estimate exterior labor price? thanks.

mattd is offline  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Flat rate ricks_plumbing Plumbing 55 10-14-2007 02:03 PM
Closing rate dropping GoodPainter Painting & Finish Work 12 09-06-2007 12:53 AM
Going rate for............ KellyPainting Painting & Finish Work 2 07-03-2007 10:40 PM
How to explain cost per job vs hourly rate? Kristina Business 19 04-22-2006 03:18 PM
Vinyl Siding Applicators Rate Per chickalah Windows, Siding and Doors 28 08-08-2005 07:44 PM

Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?