You need to make a rough estimate of the amount of paint you'll need before you start painting the interior of your home, including the walls, ceiling, woodwork, doors, and windows. For an accurate estimate, you will need to perform separate calculations for every surface that will be painted.
Because an entire batch of paint can be mixed at once, buying enough paint to cover an entire room in a single purchase helps ensure that the colour will be uniform throughout the space. On the other hand, if you purchase only one gallon of custom-tinted paint and then return at a later time for more of the same colour, you might be in for an unpleasant surprise when the paint doesn't quite match the first gallon you purchased. If you calculate the square footage of the room ahead of time, you can make sure that you purchase enough paint for the job the very first time.
Add up the lengths of all the walls in a room, then multiply that total by the height of the room, which is measured from the floor to the ceiling. This will give you an estimate of how much paint you will need to cover the walls in the room. The value that you obtain is the total square footage of the room. Do you find yourself thinking about that math class now?
The next step is to calculate how much of that square footage represents surface area that can be painted. Because you used a different paint on the doors and windows, you need to deduct the cost of painting those areas from the total cost of painting the room. It's no big deal; just deduct 20 square feet for each door and 15 square feet for each window of an average size in the room. No sweat. When you are finished, you will have a number that is relatively close to the actual wall area that needs to be painted over. Hitch Property Constructions provides home painting services to help you paint the home of your dreams.
Now comes the most difficult part of the mathematical problem. To determine how many gallons of paint are required for the walls, take the total area of the walls that can be painted and divide it by 350, which is the square foot coverage provided by each gallon can. You can round off any numbers that are not even; if the remainder is less than.5, order a couple of quarts of wall paint to go along with the gallons; if the remainder is more than.5, order an additional gallon. It is common knowledge that making purchases in larger quantities results in cost savings; however, you might be surprised to learn that the price of a gallon of paint is equivalent to that of three quarts.
7 Steps on How to Estimate a Painting Job
Estimating the cost of a painting job can be challenging for individuals who are just starting out in the painting business. You don't want to put in a bid that is so high that it disqualifies you from getting the job. You also do not want to set your prices so low that you cannot make a profit from them.
You will, thankfully, be able to quickly produce estimates that are both profitable and appealing if you adhere to the following seven steps.
Do a Site Visit
Before you even begin to estimate the cost, you owe it to yourself to pay a visit to the location first. It's possible that the price will go up due to other factors, such as the walls being in poor condition. If you want to cover dark walls, you'll need more paint than normal. It will take more time to complete if there are multiple accent walls and different colours.
After that, you should get a laser measure and determine the dimensions of the room on your own. Check with the client to see if they only want the walls painted or if they also want the ceiling, the trim, and the doors painted. Jobber suggests that you enquire as to whether or not they will provide the paint, and if not, whether or not they require a particular brand and whether or not the colours will need to be custom mixed.
Your estimate will be more accurate, which will save you time and headaches further down the road, if you ask all of these questions in advance. If you do not have much experience in painting or estimating, it is best to bring someone who does have more experience with you to the job site.
Estimate the Cost of Paint
The price of a gallon of paint can range anywhere from $15 to $80 depending on the brand, the amount of discount you receive, and the quality of the paint. According to Painting Leads, the average cost per gallon for contractors is upwards of $45 dollars.
Inquire with the paint supplier you use about whether or not they offer discounts to contractors. If you have a good relationship with them and you buy a lot of paint from them every month, they will be much more willing to give you a discount on your future purchases. Do not put too much stock in this possibility at first because it is possible that it will take some time before you can get a significant discount on the cost of your paint.
After you have selected a paint, refer back to the measurements you took in the first step to determine how much paint you will require to complete the task.
Consider that one gallon of the paint costs $25. The following are some ballpark figures for the cost of renovating either the interior or exterior of a house, including the body and trim:
- 10 gallons of paint at a cost of $250 will cover 1,500 square feet of house space.
- 15 gallons of paint will set you back $375 to cover a 2,500 square foot house.
- House measuring 4,000 square feet requires 25 gallons and $625 worth of paint.
Estimate the Cost of Materials
To successfully complete an exterior painting project, you will require the following materials (the quantities of these materials are based on a house that is 2,500 square feet in size and requires a moderate amount of preparation):
- 1 gallon for the primer.
- Caulking: 6 tubes
- Tape totalling ten rolls
- Masking paper: 3 rolls
- Two rolls of plastic sheeting for masking
- = The approximate price of the materials is $115
Having said that, the quantities of the materials needed are heavily dependent on the amount of preparation that is required; more preparation means more primer and caulking.
If you are painting the exterior, it also depends on how many windows there are, as well as how much roofline and brick there is; the more of any of those things there are, the more paper and plastic you will need to mask them.
Estimate the Cost of Labor
Because there are so many components, estimating the amount of labour required can be challenging. According to Painting Business Pro, the typical cost of labour is twenty dollars an hour for each individual.
A house with a total area of 2,500 square feet can be painted from top to bottom by two to three painters in one to two full days, according to a rough estimate provided here. The cost of the crew will be approximately $800 per working day, bringing the total to a maximum of $1,600.
A house that is 1,500 square feet will take one day and cost $800, while a house that is 4,000 square feet will take three days and cost $2,400.
On the other hand, the following complications could make a project take three times as long:
- There must be multiple coats of paint applied.
- There was ivy and trees in the way.
- Windows that are challenging to paint, such as embedded windows
- Access to the house is difficult due to the difficult placement of ladders and the steep roofs.
- Lots of prep work: wood damage, peeling
- If you're not experienced with estimating, there's a good chance you'll overlook something that'll end up costing more.
- Painting Leads suggests that you increase your prices in order to protect yourself.
Estimate the Cost of Marketing
The cost of marketing is one that is often overlooked but ought to be factored in at some point. Making lawn signs, printing and distributing flyers, and paying for lead providers are not expenses that will pay for themselves.
Always keep a close eye on your marketing costs, and prioritise strategies that bring in new leads. Just make sure that you are not spending more than ten percent of the total cost of the project in order to secure the job. Your profit margin will not be affected in any way by this.
- For instance, a painting job that costs you $1,000 shouldn't end up costing you more than $100 in marketing.
Apply Your Markup
Whether or not you are an experienced painter will determine the percentage markup that you apply to your services. A profit margin of thirty percent is a good starting point for a new company. According to Painting Business Pro, a painting company that is larger and has more experience should feel comfortable charging a markup of fifty percent.
Why is there a distinction? One example is the overhead costs. Companies with more experience typically have employees, an office, higher accounting fees, and higher costs associated with sales and marketing.
Before deciding on your markup, you should always be aware of the total overhead costs associated with running your business. This will ensure that you are not undervaluing your services. You also need to be aware of the costs associated with things like insurance, a warranty fund, clothing, the costs associated with your vehicle, and gas.
According to Painting Business Pro, you should consistently make at least twenty to thirty percent on each and every job.
Do the Final Calculation
Use the following formula to determine your final cost estimate:
Cost of paint in addition to costs of materials, labour, and marketing, plus a markup, equals total cost of project.
It is up to you whether or not to include your company's marketing costs in your markup; some businesses make that choice.
If you want to leave room in your budget for unanticipated expenses, you might want to think about rounding up your total fee, such as from $1,150 to $1,200.
Even for novice painters, using a painting estimate calculator can prove to be helpful. Homewyse provides a calculator that takes into account the user's zip code.
Guide to Estimating a Paint Job
How Much is Paint?
A gallon of paint can cost anywhere from $15 to $80, depending on the brand. It depends on the brand, the quality, as well as the contractor discount that you are getting.
A homeowner may pay $30 for a gallon of paint, whereas an experienced contractor may be able to purchase the same gallon for only $15. This is dependent on the relationship that the contractor has with the paint store, as well as the amount of paint that they purchase on a monthly basis in gallons.
A personal illustration: when I first started out, I was paying $37 per gallon for "Super Paint" by Sherwin-Williams. I was able to establish a working relationship with the store over time and demonstrate that I was purchasing hundreds of gallons on a monthly basis. After a few years of using it, I was able to negotiate the price of my Super Paint down to $25 per gallon.
From $47 down to just $25! This represents a significant savings for my painting company, as it represents a 33 percent reduction in the paint expenditure category.
The cost of paint is also influenced by the product's level of quality. Paint of a lower quality typically contains less resin, which is what actually holds the paint together; in contrast, paint of a higher quality typically contains more resin and maintains its integrity for a longer period of time.
You can get help from Hitch Property Constructions in a wide range of service areas with their specialised selection of home renovations.
How Much are Materials?
The following is a list of the most common painting supplies that you will require for each project, along with an estimate of how much you will require to paint an exterior area of 2,500 square feet with moderate preparation work:
- $20.00 for two rolls of masking plastic
- Masking Paper (3 rolls) $15
- Tape, ten rolls, for $35 total
- Caulking (6 tubes) $15
- $25 for one gallon of primer
- Total Cost: $115
The quantity of the necessary materials is also heavily dependent on the following factors:
- Quantity of preparatory work that is required.
- How many windows
- How many bricks is that?
- How extensive is the roofline
- This check list is fairly standard, but the specifics can change quite a bit depending on the home.
If there is a LOT of preparation that needs to be done, it is possible that you will use up three gallons of primer and twelve tubes of caulking.
It is possible that you will go through five rolls of paper and three rolls of plastic if there is a significant amount of brick and roofline that needs to be masked off.
How Much is Labor?
When it comes to estimating costs for a house, this one is by far the most difficult to do, mainly because there are SO many different factors.
A house with an exterior that is 2,500 square feet can be completely painted by a skilled crew of three to four painters in one to two full days. This is the short answer. And the average cost of a good crew for a full workday is approximately $800.
However, the following obstacles on the house can cause the amount of time and labour required to paint a house to increase by a factor of three:
- Strenuous preparatory work (peeling, wood damage, failed to caulk)
- Access to the house (difficult ladder placements, steep roof etc.)
- Different kinds of windows (embedded windows, vinyl windows)
- Vegetation coverage (trees in the way, lots of ivies, nice gardens)
- Colors that are polar opposites of one another (applying two or three coats of paint before the surface is covered)
- Bringing your experienced crew to the house with you is the safest and best way to get a good price on labour. It is also the most time-consuming option. They will be able to point out to you any aspects of the home that require a significant amount of time to maintain, allowing you to plan accordingly.
If you lack experience in either painting or estimating, it is in your best interest to charge a HIGHER rate in order to safeguard your profit margin. Because it is impossible to avoid making mistakes in the beginning, charging more safeguards you against underbidding a job or failing to account for expenses.
How Much is Marketing?
Your painting business can be marketed in a variety of ways; here are seven tried-and-true strategies for you to consider.
You need to keep track of the overall cost of all of your marketing efforts, regardless of whether you use lead providers, lawn signs, or door-to-door sales tactics. It is essential to determine which aspects of marketing provide the highest return on investment (ROI) and direct all of your efforts and resources in that direction.
A good rule of thumb is to keep the proportion of your budget allocated to marketing at or below 10 percent. Let's say you sell a $3,000 paint job. If you spend less than $300 on marketing to land the job, you will still have plenty of money left over for profit.
The following is a list of some of the typical costs associated with marketing our painting business:
- Prices range from $30 to $60 per lead for lead providers.
- Signs for the lawn cost ten dollars each.
- Door-to-door leads – $10 per lead
- Flyer Drops – $1,000-$4,000 per drop
- Referrals – FREE
- Free of Charge Groups to Lead
Markup: How to factor in your profit.
Are you running this company with the intention of making a profit? And to provide the best paint job possible, it is essential to add markup to your bid in order to compete with other businesses.
Let's use our 2,500 square foot house as an example:
- Paint – $375
- Materials – $115
- Labor – $1,200
- Marketing – $100
Let's say that I want this paint job to bring in a profit of 35%. My total expenditures for paint, materials, labour, and marketing come to $1,790.
Therefore, the total amount that I should charge is approximately $2800, which results in a markup of $980.
Bidding Interior Jobs.
Interior work will almost invariably result in higher labour costs. There are times when the cost will be twice or even three times that of an exterior job. This is due to the fact that
- There are additional walls there (and surface area)
- More doors, windows, and baseboards are needed, along with additional closet space.
- In most cases, you'll need more than one coat to completely cover (especially for ceilings)
- We require more paint here.
- It is a more in-depth process that involves masking and cleaning, among other things (more labour hours)
Some painters only charge by the room; the price can range anywhere from $200 to $600 per room, depending not only on the size of the room but also on the painters' experience. At Hitch Property Constructions, we offer a comprehensive selection of home maintenance services.
FAQs About Home Painting
Measure the length and width of the floor area of the room, and multiply the two measurements. For instance, if the width of the room is 4 metres and the length is 6 metres, then 4 times 6 equals 24 square metres. Because you will need to apply 2 coats, the amount of paint you purchase should be sufficient to cover a total of 48 square metres.
A room measuring 10 feet by 10 feet will require approximately 1.4 gallons or 5.5 litres of paint for a first coat of paint to cover the interior walls and ceiling; however, for subsequent coats of paint, only 0.8 gallons or 3 litres of paint will be necessary. This information is based on general painting practises.
Any wall or ceiling that you paint should have at least two coats of paint applied to it. This is a good rule of thumb that can be applied to any painting project. When it comes to painting a room, getting complete coverage isn't the only thing that should be considered a success, even if you are able to achieve a seamless finish with just one coat of paint.
When the new paint is the opposite shade of the old paint, you have a few options to choose from if the wall is in good condition and the paints are chemically the same (for example, both latex). You can first apply a primer to completely cover the previous colour, and then follow up with either one or two coats of the new paint.
You are going to need to use a paintbrush to "cut in" the corners and areas around the trim. Before rolling paint on the main surfaces, you should first cut in the corners. This entails painting both sides of each corner, beginning approximately two brush lengths away from the corner, and working your way into it.