Interior Design and $$ in 2012

Interior Design and $$ in 2012 If you are planning on working with any type of Design professional, this information is important, and might make it easier to talk with Designers and evaluate what's expected in terms of payment. The SECOND is what I am calling a "Quick Consult" which can address a specific project or element of a project like paint colors, furniture plan, reuse of existing pieces in a new home, etc. An independent Designer will not have the same interest in selling from a specific store as a store's decorator, with choices based more specifically on your project. At this price, you will absolutely pay freight and local delivery, plus tax. With both of these methods of compensation, you will likely be asked for a deposit to be used toward the first purchases, assuring the Designer that you will buy and he/she will be covered for the initial work. Here's a quick primer to "common" methods, although I am sure that as soon as I post this, someone will remind me that there is yet another way. When you shop you are usually buying a product (like a car or shoes or milk) or a service (like a dental hygienist, a CPA or a carpet cleaner). You could be charged based on your total expected budget, or the square footage of the area designed. Most of my relationships with customers are long lasting. A really good Design Professional will be able to mold his or her work into YOUR taste and will be able to find the resources to fit YOUR needs. In any case, look at examples of work and ask for references if that helps you. in their portfolio. **Whatever you choose, I have been taught that if you use a Designer you ought to assume that he/she will be paid about 20-25% of your total budget, excluding "hard construction" costs. A young Designer isn't necessarily the wrong choice - everybody has to start somewhere, and several have worked for other professionals. Hourly Rate: This can be from $100, or possibly less, to unlimited. It may include only the time to actually design the space and accessorize or it can include driving, telephone time, purchasing and follow-up. A Retainer for several hours will be involved and the deposit/retainer may be non-refundable. Occasionally, the hourly rate will change based on what kind of work is done for the time charged. On an item tagged $100. This wholesale cost varies per the agreement with each manufacturer and is tied into how much is purchased over time. Set Fee: This is "considered" to be "the future" of the Profession, although many Designers are not comfortable with this method. Deposit (Retainer) here as well, probably just for time. Often the agreement will state that all purchases will be sold at wholesale cost. Fees can range from a few thousand to (as per a designer friend out-of-town) the vicinity of 80K for a residential project. I was told that with a fee structure like this, all of the fees ought to be paid in full before the first purchase order for furnishings is sent out. It can be from 10% to half mark-up. 00, the difference between the price purchased and the price you pay will usually be as little as 35. This is simple to explain, nevertheless, you can only assume how much your Design Professional will earn. Interior Design and $$ in 2012 Trade News selected by Local Linkup on 28/04/2012