What percentage of labor (exterior house painting) cost should I collect up front?
I am painting the exterior of a 1800 square foot home. I would like to know what the industry norm is for collecting the draws on the labor, as the job progresses.
Thanks!
Most contractors I have dealt with (which isn’t many admittedly, and none of them were painters) have requested 25-30% of the total estimate before beginning work. Obviously, you should have a contract signed by both of you outlining the work to be done, the payment schedule, and the time line of work (allowing for inclement weather, etc).
Personally, as a home owner, I would not pay a painter more than 25% before the project started and not more than 50% before it was completely finished.
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Most contractors I have dealt with (which isn’t many admittedly, and none of them were painters) have requested 25-30% of the total estimate before beginning work. Obviously, you should have a contract signed by both of you outlining the work to be done, the payment schedule, and the time line of work (allowing for inclement weather, etc).
Personally, as a home owner, I would not pay a painter more than 25% before the project started and not more than 50% before it was completely finished.
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If you are just doing labor you collect the percentage of money equal to the percentage of work done.
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Depends how long it’s going to take to do the job.
I know most people don’t like to put much money up front.
Too many painters have been known to skip.
If the job is going to take less than a week I would ask for a good faith payment of 25% first day you work and remainder when job is completed.
If job will take longer than a week maybe 50% at end of first week and remainder upon completion.
There’s a lot of intangibles like did you provide references, how long have you been in business, how did they find out about you, from somebody whose house you painted.
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When I was a painting contractor, a customer signed the bid, but I never expected payment on residential work until the job was complete. It keeps one motivated to stay on the job. Customers are less nervous that way and that builds good will and good faith — and referals, if you are going to stay in this occupation.
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1/3 start 1/3 middle of job 1/3 end of job
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i also do it the way bird in hand does it and have been doing it that way for 20 yrs. never had a problem. all my work is by referral and i get 99% of all my estimates.
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painter 25 yrs
50%
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