I've been under charging for my work and was wondering how others come up with kitchen Reno prices? Should I charge by linear foot? If so what would that include?
have you been including your sub contractors pricing? if so, annual increases surely will cause you to be way lower than you should.
Most kitchen renos we get into (for basic needs) must comply with new rules on power distribution. These changes can easily run from $1000-$5000 alone. People say "I only need 2 outlets here and here so can't we just pull power off the dishwasher?" NO, you cannot. All appliances must have dedicated lines, lighting can never be fed off kitchen outlets as well, even if it's LED.
Don't be afraid to call your subs in for a meeting during your quote, it'll give the homeowner a chance to meet all subs and see your professionalism of speaking with everyone.
I think Robert is right as far as electrical goes. It is almost $5K just for electrical work for a kitchen; does not really too much on size or finishes.
When you say undercharging do you mean losing money or do you mean you winning too many bids and can't keep up? As far as subs go, if you are contracting the subs, be sure to add a few points for yourself on their price too.
Datawise Solutions Inc
Thank you everyone, I already do everything your talking about, I am sorry if my question wasn't clear.
I am renovating/remodeling a kitchen with new cupboards and countertops, flooring and they want an island. I just don't want to undercut myself or overcharge. I was hoping for some guidance on how to charge? Do I charge by linear foot? If so what would you suggest so I come our with the price to give the client? After I get this number then I add on the plumber and electrician for the final cost.
I hope this helps.
Thanks for all your help
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