Pete Marentay
Distinguished Professors
OK, people, let's have some fun. Let's talk price. Let's talk decks.
Every year I post a recommendation to raise prices in January. This year I did not because the economy has people a little edgy about that sort of thing. At the same time, professionals still need to command a fair price for their work, and I want as many people as possible to chime in and talk about it.
We all need to be talking the same language, so let's forget that '$2+ per square foot' stuff because that is meant to apply to the entire job figured by the square footage of the floor alone. I teach the $2+ number as a double-check for a carefully figured bid. Let's instead just talk about real "per square foot" pricing including materials and labor.
When I sold my company in 2005, I was getting about $1.25 to $1.35 per square foot for every square foot of wood on the job. I counted railings as if they were solid "square feet", so every running foot of railing had 6 square feet (three on the inside and three on the outside).
In 2010, that should translate to between $1.45 to $1.75 per square foot.
So, what should an experienced professional in a mid-sized market be charging this year for decks?
Every year I post a recommendation to raise prices in January. This year I did not because the economy has people a little edgy about that sort of thing. At the same time, professionals still need to command a fair price for their work, and I want as many people as possible to chime in and talk about it.
We all need to be talking the same language, so let's forget that '$2+ per square foot' stuff because that is meant to apply to the entire job figured by the square footage of the floor alone. I teach the $2+ number as a double-check for a carefully figured bid. Let's instead just talk about real "per square foot" pricing including materials and labor.
When I sold my company in 2005, I was getting about $1.25 to $1.35 per square foot for every square foot of wood on the job. I counted railings as if they were solid "square feet", so every running foot of railing had 6 square feet (three on the inside and three on the outside).
In 2010, that should translate to between $1.45 to $1.75 per square foot.
So, what should an experienced professional in a mid-sized market be charging this year for decks?