When it comes to hiring interior designers, a very common question that is asked is how much is it going to cost. There are a lot of people that worry that their interior designer is over charging them. These are both actually very hard question to answer because the price will depend on the individual job. Custom furniture can be very expensive; however, the actual price will depend on what you are actually looking for. The price charge will vary between designers as well; therefore, it is a good idea to get a few quotes before you decide on what designer to use.
Different designers will have different ways of determining a price, with many preferring to be paid by the hour. That may work out for the designer, but it doesn’t always work out for you since one designer may be much slower at completing a project than another would be. Unfortunately, you can’t determine their pacing when you agree to an hourly pay scale.
There are some designers that are willing to set a cap on the total amount that they will charge, or will agree to a set number of hours to complete the work. Before you sign a capped agreement it is very important to be aware of what will happen once the maximum is reached. The hourly rate is the fairest way to charge for consultations rather than the complete designer services.
Rather than charging by the hour, some designers are now charging a percentage. This percentage may be taken from the materials used for the project or may be a reflection of your overall budget for the project. You have to be certain that you do the math and know exactly what you will be paying for the project before you agree to any type of payment plan that works off of a percentage.
Every now and then you may come across a designer who wants to charge by the square foot, but this pricing method is not used very often. When it is used it tends to be for larger projects. Most clients are now asking for one flat fee which takes all the guesswork out of getting your interior design projects completed. Paying one fee which is agreed upon before the work begins is the best way to go if you have an option, since you don’t have to worry about how high the price could soar by the end of the project.
No matter what type of pricing agreement you enter into, you can expect your designer to require at deposit at the time you sign the contract. In many cases this deposit will be around 15% of the total or estimated cost of the project. This is standard in the industry.
In some cases, you may find a designer who wants as much as half of the fee upfront. You will typically pay for the consultation in full and then discuss the payment schedules and down payments in the event you decide to hire that designer.
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