Handyman pricing guide: How much to charge for a job
Get the right rates when offering handyman servicesFind handyman work
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So you’ve decided to become a handyman, but quickly find out that starting this profession brings its own set of challenges–like how much you should charge for your services?
Use this pricing guide for handyman services to get more handyman jobs and stay profitable in business!
How to figure out your rates
Handyman business pricing can be tricky, especially when you’re a one-person team and you’re only starting the business. As you figure out how to price your handyman jobs and make your price list, here are a few tips:
1. Don’t price jobs based on your speed
Although it’s called an “hourly rate,” the time it takes for you to accomplish a project shouldn’t be the only basis for pricing your services. This can work against you if you finish a job sooner than you thought, which isn’t always a bad thing. Speed can reflect your expertise.
Set your hourly rate based on your skill level, the quality of work you deliver, and the profit margin you want to have. Try benchmarking your rates against handymen at the same skill level as well.
2. Charge flat rates or hourly rates when appropriate
Handypersons may charge flat rates or hourly rates. Flat rates are fixed regardless of how long the job takes to complete, while hourly rates are charged for jobs that take more time to complete due to their complexity. This could include side tasks, like removing mold or cleaning up the worksite beforehand.
In this line of work, not every job is the same. So for handyman pricing, don’t limit yourself to charging flat rates or hourly rates exclusively. Instead, use either of these pricing schemes when appropriate.
3. Offer a price range
Apart from hourly and fixed rates, you can already lay out pre-determined base prices for common jobs that you’ve done before. Consider the usual factors like time, scope, and size. Here are some tips:
Charge a minimum service fee - As part of your handyman startup pricing, decide on a minimum service fee that can at least cover your job expenses. This can mitigate pricing problems for jobs that you finish sooner than expected.
Offer full-day and half-day rates - Give these special rates to customers when you’re certain the job has no unexpected issues, and you can do the work at a normal pace with the usual effort and the usual handyman tools.
Offer an emergency call-out charge - Repair jobs like a leaky faucet could occur in the middle of the night, so prepare an emergency call-out charge. Note that some handymen who do emergency repairs (like licensed plumbers) can charge anywhere between $90 to $200 for working outside of normal working hours!
4. Make prices for small, medium, and large jobs
List the jobs you can handle or the services you offer. Classify them as small, medium, or large jobs. Note that some of the larger jobs you may want to take on require the appropriate license in your state. While you have the option to simply not handle them, you’ll miss out on more profitable, in-demand jobs.
Here’s a guide on how to classify your jobs:
$40 to $250
30 minutes to 2 hours
- Little to no tools needed to finish the job
- Includes simple work like wall mounting TVs
$250 to $500
5 hours maximum
- Requires power tools
- Includes more labor-intensive work like fixing damaged drywall sections
$500 and up
5 hours minimum to several hours or even days
- Requires power tools, hand tools and/or heavy equipment
- Can include remodeling or renovation
- May require additional certification or a licence
Computing your hourly rate
To know how much to charge per hour, consider these factors as you make your calculation:
Tip #1: Don’t neglect your skill and experience
If you have certification or a license to do specific tasks, you can command higher prices. In fact, clients expect higher prices from you if you’re licensed, certified, have mastered a few handyman skills, or have special training for certain jobs.
Tip #2: Consider your expenses
Business expenses can include the cost of materials, safety equipment, insurance, power tool maintenance, and fuel expenses for your service vehicle. Any advertising costs like putting up a website and handing out flyers and calling cards counts towards expenses too!
Tip #3: Account for your cost of living
Apart from your business expenses, your cost of living expenses should be accounted for too. How much do you need to pay for your mortgage (if you have one)? How much for groceries and utility bills? Factor these in along with all your other expenses.
Once you’ve listed all your expenses, you can calculate how much you need to charge per hour.
Here’s a simple formula you can apply:
Business expenses + personal expenses + 20% profit margin + % business advance
Number of hours worked per month
Tip #4: Remember to pay taxes
Don’t forget to account for your taxes and pay them consistently to avoid penalties! You can also hire someone to look at your books to evaluate your financials, like insurance, rental, or equipment leasing costs. They could also help you pinpoint a feasible profit margin and hourly rate.
Set your handyman prices, get hired on Airtasker
After you do your number-crunching and come up with your list of services and your prices, don’t forget to sign up on Airtasker! Pricing your services is one thing, and finding ways to make more money as a handyman is another–so why not create a profile on the platform today to get matched with potential customers in your area? Become a Tasker today!
Create your profile and start browsing jobs in minutesStart earning now
Frequently asked questions
In many US states, handypersons charge an average of $60 to $80 per hour. You can charge the same if you think it’s enough, or you can come up with your own rate. Just make sure that your rate doesn’t have a large disparity with other handypersons in your area; charging too low may be unprofitable and could undermine the business of other handymen, while charging too high may not win you any customers.
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