37 years. Basic acrylic tub $350, basic 36" vanity, stone counter, faucet $700, Shower valve $150, Basic toilet $250, tile for floor and tubwalls $400 = $2150. Add lighting over sink and exhaust fan $350, paint $250, sheetrock or plaster $900 = $3650. Add plumbing labor- no modifications $1500 = $5150. Add Avg elec labor $500 = $5650. Tile Labor $1200 = $6850. Multiply $6850 x 1.5 (permits, material handling, overhead, profit)= $10,275 . Sell price of 5x8 bathroom with full gut (down to studs). And that's on the lean side. More often closer to $12-13k.
Craig K you gave a better explanation than the guy in the video. People fail to realize that a contractor can not do the plumbing, electrical himself he has to hire someone who is licensed on the other hand however a home owner is allowed to do so if you are a good diy great if not you have to pay.
Thank you for your breakdown of pricing a bathroom. Even though this was years ago, your analogy is spot on. Unfortunately, inflation has changed the amounts. 😊
He is giving a reality to what it cost to run a business paying taxes, work comp, insurances , etc etc ..... So yes, do your own bathroom or get a a bunch of Graig listers to do the work that dont have the credentials.
The Twin Home Experts I’d rather learn the same way he learned and do it my self. $3000 for each hole 🤣 good luck finding customers. With the way the economy is and this whole government shut down. You better start bringing those prices down if you still want to conserve your business JS
Don't listen to those haters. I live in Los Angeles, and that would be on the low side in LA, and there are many variables, like you said in the quality of the work. I would say half of that would labor
It's not the carpenter, drywaller, tile person or painter that kills these jobs, it's the price of plumbers and electricians these days at average of $300 an hour. Oh yeah, almost forgot, a plasterer who wanted $6,200 for 3 men for 13 hours/ labor only. As long as they can find customers to pay, they'll keep prices as high as they can. The lower income consumers lose out unfortunately.
How much does their liability insurance, health insurance, unemployment insurance, and workers compensation cost them per month? And their own mortgages, their own vehicle payments, their kid's college funds, the upkeep on their shop and work truck, their vehicle insurance, their food, on and on .... It's expensive to run a business. You have to make enough to pay all of those bills.
Why is he wrong ? Im a contractor myself he is correct on the prices still cheap my friend .. u buy tile ? 5k u buy glass 4.5 k u buy sink 3k toilets 600 . Fixture light 3k that only part now u added labor ! How much cost install?
This is probably one of the best explanations on youtube. I want to add from my experience, almost 20 years in the business, that will be easily counted as $50 bucks per SqFt of all walls. Of all yours expenses, the materials and labor. Inclusive a ceiling, a floor, and even new door. It's gonna be fully loaded bathroom. Within good looking wall and floor tile. The shower stall with modern glass doors. If you going to replace a window too- add something. If it huge project you have to add debris hauling and cleanup party. (i need to place my videos too)
Hi There. Just quick ask, When the customer wants to renovate the bathroom, Do you ask what the budget is before to give initial quotation or how this is work. from where do you know if the customer will accept your price and you to spend the time in the quotation, Many Thanks Forin
My is to do flat rate pricing on every fixture/ service call. (Toilet, sink, lavatory, hot water heater, etc). By finding this out know how much your time is worth.
I was like, "sure $9k for a bathroom remodel estimate sounds fair....why is everyone complaining???" Then when he said that didn't include materials I opened up another window for craigslist. Some of those guys are not licensed, but that doesn't mean they cannot create a beautiful bathroom.
9K is the total for labor and materials. When he estimates base grade he allots half of the 9K to go towards materials. When the customer wants to upgrade the quality then you add 4500 each time for the additional cost of materials and labor to install.
People are funny. If you think he's expensive, then you are simply not his customer. Call the guy on Craigslist and hope they do it right. You get what you pay for. 👍
Stop with the hubris 🎉 .... There's also something called "pricing yourself out of a job" ..... Or "budgetary constrains" or "market competition" ... So simply saying what u stated above means nothing.
This is crazy Arkansas prices 500-800 per whole on labor and rough material customer buys fixtures Would relocate for these prices where are you located
This is reasonable here in Boston, but you need your licensed plumbers, electricians, general contractor, insurances, etc plus the cost of living here is high.
WHO COMES UP WITH THESE NUMBERS? ???? That’s a rip off. I’ll learn how to do it my self thank you. That’s the main reason why people don’t make money because they want to always sky rocket prices. That’s why people DIY !!!!
You go do your do-it-yourself and the rest of us will make a living just fine. Why would we come to your house and not make enough to pay for our home, car, taxes, living expenses, vacation time, unemployment, sick time, personal days, etc.? I'll stick to the customers who want a good job, an unlimited warranty (except wear) and can't do it themselves.
abacab87 they’ll never get it..and don’t forget the problems that come with the ones who DIY lmao..have been on jobs where they want to pay the lowest price contractor and then we come in a week or two later because of the problems created by the previous contractor and them being thrown off the job. the comments are coming from ppl who haven’t been through it before
37 years. Basic acrylic tub $350, basic 36" vanity, stone counter, faucet $700, Shower valve $150, Basic toilet $250, tile for floor and tubwalls $400 = $2150. Add lighting over sink and exhaust fan $350, paint $250, sheetrock or plaster $900 = $3650. Add plumbing labor- no modifications $1500 = $5150. Add Avg elec labor $500 = $5650. Tile Labor $1200 = $6850. Multiply $6850 x 1.5 (permits, material handling, overhead, profit)= $10,275 . Sell price of 5x8 bathroom with full gut (down to studs). And that's on the lean side. More often closer to $12-13k.
Craig K you gave a better explanation than the guy in the video. People fail to realize that a contractor can not do the plumbing, electrical himself he has to hire someone who is licensed on the other hand however a home owner is allowed to do so if you are a good diy great if not you have to pay.
Exactly.
The 9-10k range is more conservative.
eli lopez no the home owner can allow anyone to do anything in there house.
Can you give us a updated cost estimate? Post pandemic prices 🤓
Thank you for your breakdown of pricing a bathroom. Even though this was years ago, your analogy is spot on. Unfortunately, inflation has changed the amounts. 😊
He is giving a reality to what it cost to run a business paying taxes, work comp, insurances , etc etc .....
So yes, do your own bathroom or get a a bunch of Graig listers to do the work that dont have the credentials.
The Twin Home Experts I’d rather learn the same way he learned and do it my self. $3000 for each hole 🤣 good luck finding customers. With the way the economy is and this whole government shut down. You better start bringing those prices down if you still want to conserve your business JS
9000 for a bathroom ...IM OUT
Im guessing hes including labor as well.
9000 for small bathroom thsts insane I am also out
Don't listen to those haters. I live in Los Angeles, and that would be on the low side in LA, and there are many variables, like you said in the quality of the work. I would say half of that would labor
That’s on the reaaaaally low side in Connecticut most are paying $15,000+ for a small bathroom like that
@@iSkrapsRacnus Connecticut and LA are expensive States everything is overpriced
It's not the carpenter, drywaller, tile person or painter that kills these jobs, it's the price of plumbers and electricians these days at average of $300 an hour. Oh yeah, almost forgot, a plasterer who wanted $6,200 for 3 men for 13 hours/ labor only. As long as they can find customers to pay, they'll keep prices as high as they can. The lower income consumers lose out unfortunately.
Plumbers are getting low end lawyer salaries per hour. Our lawyer gets $450/hr.
How much does their liability insurance, health insurance, unemployment insurance, and workers compensation cost them per month?
And their own mortgages, their own vehicle payments, their kid's college funds, the upkeep on their shop and work truck, their vehicle insurance, their food, on and on ....
It's expensive to run a business. You have to make enough to pay all of those bills.
I'm a contractor.. for that price you could remodel kitchen and bath..
Mike Grate right! $9000 is ridiculous for a bathroom
I thought so. That's expensive!!!
This guy is insane . A 5 x 8 bathroom for 18 gs is only for the hucksters trained to fleece the gullible
Why is he wrong ? Im a contractor myself he is correct on the prices still cheap my friend .. u buy tile ? 5k u buy glass 4.5 k u buy sink 3k toilets 600 . Fixture light 3k that only part now u added labor ! How much cost install?
@@timlu697 They probably exploit immigrant labor. You get what you pay for!
This is probably one of the best explanations on youtube. I want to add from my experience, almost 20 years in the business, that will be easily counted as $50 bucks per SqFt of all walls. Of all yours expenses, the materials and labor. Inclusive a ceiling, a floor, and even new door. It's gonna be fully loaded bathroom. Within good looking wall and floor tile. The shower stall with modern glass doors. If you going to replace a window too- add something. If it huge project you have to add debris hauling and cleanup party. (i need to place my videos too)
Seems to work out, I figured a bathroom up three different ways, and they all come up about the same.
Good luck finding a customer.
15 so far this year.
That’s actually a good price other wise if you find someone cheap, you will have problems I promise you! And never hear back from them!
22k is more like it
100 so far
@@ironbear8469 that down payment on new house just built
Hi There. Just quick ask, When the customer wants to renovate the bathroom, Do you ask what the budget is before to give initial quotation or how this is work. from where do you know if the customer will accept your price and you to spend the time in the quotation, Many Thanks Forin
My is to do flat rate pricing on every fixture/ service call. (Toilet, sink, lavatory, hot water heater, etc). By finding this out know how much your time is worth.
If Trump watching this video you'll be fired.
I was like, "sure $9k for a bathroom remodel estimate sounds fair....why is everyone complaining???" Then when he said that didn't include materials I opened up another window for craigslist. Some of those guys are not licensed, but that doesn't mean they cannot create a beautiful bathroom.
9K is the total for labor and materials. When he estimates base grade he allots half of the 9K to go towards materials. When the customer wants to upgrade the quality then you add 4500 each time for the additional cost of materials and labor to install.
People are funny. If you think he's expensive, then you are simply not his customer. Call the guy on Craigslist and hope they do it right. You get what you pay for. 👍
Stop with the hubris 🎉 .... There's also something called "pricing yourself out of a job" ..... Or "budgetary constrains" or "market competition" ... So simply saying what u stated above means nothing.
This is crazy
Arkansas prices 500-800 per whole on labor and rough material customer buys fixtures
Would relocate for these prices where are you located
You must be crazy poor over there.
This is reasonable here in Boston, but you need your licensed plumbers, electricians, general contractor, insurances, etc plus the cost of living here is high.
You are CRAZY!!! $800 LOL
Well contractors must be going out of business cause that isn’t shit! They doing it for free?
there's a right to DREAM good luck bud!
You can't be serious, definitely wouldn't have touch my bathroom. Haha.
WHO COMES UP WITH THESE NUMBERS? ???? That’s a rip off. I’ll learn how to do it my self thank you. That’s the main reason why people don’t make money because they want to always sky rocket prices. That’s why people DIY !!!!
You go do your do-it-yourself and the rest of us will make a living just fine. Why would we come to your house and not make enough to pay for our home, car, taxes, living expenses, vacation time, unemployment, sick time, personal days, etc.? I'll stick to the customers who want a good job, an unlimited warranty (except wear) and can't do it themselves.
Oh, and I forgot about putting money away for retirement, and retained earnings to grow the business! And tools! And Covid! I'm sure I could go on.
abacab87 they’ll never get it..and don’t forget the problems that come with the ones who DIY lmao..have been on jobs where they want to pay the lowest price contractor and then we come in a week or two later because of the problems created by the previous contractor and them being thrown off the job. the comments are coming from ppl who haven’t been through it before
And to add to that..we ended up doing that customers other 2 bathrooms and kitchen. Good work goes far
I don’t think even doctors make this much money
maybe on the coast's you can get that but where I'm at....they start balking at 4k
Your going to have at least 120 hours labor in, at $45 an hour, that's $5400, and we haven't even included materials.
@@abacab87 facts
Who’s going to hire you ?
Old video. That prices has tripled in 2022.
I got a estimate for my master bath remodel and they quoted me $41,000…..🤯
Are you gold plating all the fixtures? Your prices are ridiculous.
My mom got a quote for 50k for a small bath RIPOFF city down in Capecod MA and unfortunately people do it
Is that estimate for materials and labor?
What would be $ per hole in 2021?
Thank you for the pricing
Thank you for what?
@@maureenhansen3308 pricing he said
Wow must be 30gs now days with inflation.
Im nyc for 5x8 for labor only people are quoting 18k
And this was 10 year ago? LOL!!! No.
Well, that's one way. 🙄
Holes? I see 1
Include me out.
Youre just adding hypothetical numbers. You have nothing to show your customer except a bid for 18000
4 holes tub + sink+ toilet + vent
Whaaaaat?
Heck nah bye