|There are worse things than getting paid|
Actually, being compensated with gourmet seafood is at least as good an approach as the way architects are usually paid. For generations, it’s been customary for architects to work on a commission fee, which nowadays ranges between 10-15 percent of the project budget.
It doesn’t take a genius to spot the problems with this system. The first is that you can’t really know the budget until you’ve got plans; but you can’t get plans until you pay the commission; and you can’t figure out the commission until you know the budget. To circumvent this breathtaking bit of pretzel logic, the architect usually ends up guesstimating a budget figure, based both on his experience and a pinch of voodoo economics.
|Don't throw away Franklins needlessly—|
consider paying your architect by the hour
rather than on a commission fee.
|When you meet with an architect, figure out|
what you want to ask beforehand,
not while the meter is running.
• Consider working with your architect on an hourly basis rather than on commission. Most architects charge somewhere between $100 and $150 per hour. While this may sound pricey, it’ll frequently save money over a lump-sum commission, because you won't be paying for a lot of services you may not need—choosing paint colors, for example. Hourly payment is especially wise if your project is still at an exploratory stage, because it allows you to advance the project in manageable increments, and to stop the work at any time without taking a big monetary hit.
|If you don't mind doing some of your own|
design homework, you can save your architect
a lot of time, and also save yourself a lot of money.
|What's in your freezer?|
• Lastly, don’t dismiss the idea of paying your architect with goods or services rather than money. Occasionally, such an arrangement can be mutually beneficial (but mind that you stay on the right side of the IRS). So. . .got anything interesting in your freezer?