From the Resene Trade blog - Resene Professional development programme
Because the essential elements of a house are all pretty simple the idea of a rate for each square metre of the floorplan became common with housing developments, particularly in Australia, and the idea spread into the painting trade, producing some very unfortunate consequences for painters because the rate tends to decrease with time and competition rather than increase.
There are surprising regional differences in the rates when comparing similar average houses (for example) and for those engaged in work on this basis a simple analysis is:
(FPA) x (Rate) = amount of money take away the cost of paint and materials
what’s left is the gross earning and this total divided by the time (as in number of hours) taken to paint the job gives you your earning rate. If it’s less than around $40-$45 for each hour spent on the job then the return is less than the average waged painter in full time employment!
Many new houses are painted and decorated on the basis of an inclusive rate per square metre of the floor plan.
For typical new houses with three coat painting systems, a FPA rate for interiors only from upwards of $50 per m2 for average three coat painting systems will mostly achieve this result for good tradespeople. Lesser amounts quickly have you earning peanuts – working longer and longer hours to make a living, and of course complete immersion in this market. Working all sorts of hours also makes it nearly impossible to look for alternative and (hopefully) better painting opportunities.
This amount for each square metre of the floorplan gives the cost of interior decoration and the outside painting such as soffits, feature walls etc should be added as additional items.
By using the same basic floor plan area some other information can be rapidly assembled.
Many home builders, property developers and project managers offer fixed prices and/or rates for painting work – often at amounts less than reasonable to enable painters to make a decent living.
The Resene Trade Blog
Information of interest for professional painters