How do you know what a job is going to cost when you bring an interior designer into your home? How confident are you once a quote is given that you are getting a fair price for the work at hand? These questions are always in the back of your mind when you want some improvements made to your home, but they are difficult to answer even for professionals. The cost of an interior design project is different for every home, even if the jobs are very similar. This is because the details of what the property owner wants, which materials are used, and other aspects of each individual job are different for each project. Different designers with different levels of skill may also charge different rates. This is why you should always get a variety of quotes before awarding the job to someone.
There are a variety of ways in which you can be charged by your designer. Some designers prefer to be paid by the hour, which is not an ideal set-up for you. One designer may be a very fast worker while another takes twice as much time. In that case, the first designer would be cheaper and the second would cost you twice as much! You never know what you are getting when you hire them the first time.
Some designers will agree to place a cap or limit on the amount you pay for the project. This cap will either reflect a limited number of hours for the project to be completed in or a limited number of hours that must be paid for. This can be a great deal since it encourages your designer to stick to a reasonable time frame and pacing, but you have to crystal clear on what happens if that cap is met and the project is not completed.
The agreements that are based on a percentage will involve the designer charging you a certain percentage of your available budget. It is very important that the agreement that is set out is very clear about what will be charged. The agreements that are centered on commission are actually very similar to the percentages based agreements. The commission agreement charges a percentage of the costs of the items that are used for the project. This is a very common method of pricing that is used by designers.
Another pricing option which is not used very often is to charge by the square foot. Designers who use this method will have a predetermined price per square foot and will usually use this charging method only for large projects. That said, the most commonly used charging system is one fixed fee. You are better off this way since there is no guessing or figuring out how much you will have to pay in the end. You are charged one agreed up on price regardless of the time it takes to complete or the number of square feet involved, though your designer will keep those factors in mind when setting the flat fee.
It is very common for designers to talk about payment schedules, and by this they mean how much and when payment will be made to the designer. It is very common practice for a designer to request a deposit when the agreement is signed. It is usual for a deposit of fifteen per cent to be requested.
There are some designers that will request as much as fifty per cent as a deposit. It is very uncommon for a deposit to be requested for a consultation. When you are hiring a designer it is very important to remember that designers will have different methods for billing clients.
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