How to Estimate a Paint Job | Benjamin Moore (2024)

Account for Your Overhead Costs

Overhead is a smaller portion of your budget—about 10% on average for trades, according to a survey by the National Association of Home Builders, cited by BuildingAdvisor.com. As you can see from our Overhead Checklist, it includes many of your essential “costs of doing business.” Unfortunately, it’s a category that many small business owners neglect to fully account for in their job estimates.

This calculation is necessarily a bit more complicated, as you’re not paying for these expenses out of one job but instead, trying to evenly distribute them among all the jobs you expect to handle over the year, which need to be accounted for if you want to make a profit. If you’re just starting out or don’t yet have a good enough grasp on your company’s annual expenses to average it out over your jobs, a good starting point is the 10% average.

Be Sure to Include Your Salary in the Equation

You also need to account for your own salary here as business owner. A common mistake new small-business owners make is neglecting to pay themselves a fair salary, expecting to take a cut of the profits they anticipate once their business is running smoothly. Not only does this add financial strain on a new business owner, but it also creates unrealistic expectations that your business can avoid paying bills when times get tough. Profit, as you’ll see below, has its own business purpose.


How to Estimate a Paint Job | Benjamin Moore (1)

Overhead Checklist:

How to Estimate a Paint Job | Benjamin Moore (2)Office rent and utilities

How to Estimate a Paint Job | Benjamin Moore (3)Business equipment (including computers and software)

How to Estimate a Paint Job | Benjamin Moore (4)Back-office staff (non-painters)

How to Estimate a Paint Job | Benjamin Moore (5)Communication devices (phones, tablets, etc.)

How to Estimate a Paint Job | Benjamin Moore (6)Marketing (website, pamphlets, signs, cards, etc.)

How to Estimate a Paint Job | Benjamin Moore (7)Vehicles and maintenance

How to Estimate a Paint Job | Benjamin Moore (8)Reusable tools and equipment

How to Estimate a Paint Job | Benjamin Moore (9)Business insurance

How to Estimate a Paint Job | Benjamin Moore (10)Your salary as owner

How to Estimate a Paint Job | Benjamin Moore (2024)

FAQs

How to write an estimate for a paint job? ›

How to Write a Paint Job Estimate
  1. A detailed outline of the scope of the project, including all the tasks from prep work to cleanup.
  2. A breakdown of paint and other materials.
  3. The total cost of the job including labor costs, material costs, overhead, and profit margin.
  4. A date that the estimate expires.
Nov 18, 2023

How to calculate painting estimate? ›

You should budget for paint by finding the total surface area in the square foot that needs to be covered in paint. Then you can select the type of paint you want to use whether it is interior paint or exterior paint. The price of paint can range from ₹10 per sq. ft to ₹200 per sq. ft.

How to estimate the amount of paint needed? ›

Divide the paintable wall area by 425 (the square-foot coverage in each gallon can) to find the number of gallons of paint you need for the walls. You can round uneven numbers; if the remainder is less than . 5, order a couple of quarts of wall paint to go with the gallons; if the remainder is more than .

How do I estimate how much to paint a room? ›

Professional interior paint jobs are typically priced at $2 to $6 per square foot. However, to receive a more accurate quote from your painter, have the room measurements ready when you contact them. One gallon of paint covers approximately 400 square feet.

What is the formula for painting pricing? ›

(Height x Width) × Price per square inch

It's also pretty straight forward: it takes the surface area of a work and multiplies by a rate of your choosing. Determining the price per square inch is the tricky part.

What do most painters charge hourly? ›

What do most painters charge per hour? you can expect to pay anywhere from $20 to $50 per hour for a professional paint job. The more experienced and skilled your painter, the higher their hourly rate will be–and there's no denying that more complex projects take longer to complete.

What is included in a painting estimate? ›

It is not all about the pricing, but it all boils down to what you can expect from the entire project. A detailed quote includes the brand of paints to use, cost of materials, measurement or size of area to paint, estimation of completion, guarantee and many other small details. Remember, a quote is not an invoice.

How do you calculate labor cost for painting? ›

Labor cost formula
  1. To calculate labor hours: Multiply the time spent on a job by the number of people needed on the job. ( E.g., 8 hours x 4 people = 32 hours)
  2. To calculate your hourly labor cost: Add up each painter's salary plus taxes, workers' compensation, and any other employee-related expenses.
Mar 4, 2022

What is the best way to price painting? ›

Multiply the painting's width by its length to arrive at the total size, in square inches. Then multiply that number by a set dollar amount that's appropriate for your reputation. I currently use $6 per square inch for oil paintings. Then calculate your cost of canvas and framing, and then double that number.

How do you measure for a paint job? ›

To estimate the square footage, you multiply length x width. For example: If you are painting a bedroom, you should measure from corner to corner of a wall and then measure the height. So if your wall is 12 ft wide and 8 ft high, that wall is 96 square feet.

How much does 1 gallon of paint cover? ›

Most typically, a gallon of paint covers anywhere from 350 to 400 square feet, so a gallon of paint is enough to cover a small space like a bathroom. Depending on the number of coats you intend to paint, one to two gallons of paint is the average amount for a typical sized room.

How much paint for a 2000 sq. ft house interior? ›

If you divide 400 by 2000, it gives you five. So, for 2000 square feet, you will likely need 5 gallons of interior house paint. For the top-rated interior paint, you can expect to pay anywhere between $50 – $80 per gallon. We recommend top brands, such as Benjamin Moore and Sherwin Williams.

How do I quote a paint job? ›

Some contractors use a rough base rate of $1.50 or $2.00 per square foot, some multiply 4 to 6 times the paint cost, some estimate the time the job will take and add it to an estimate of materials—and some may simply offer the lowest price to outbid the competition.

How much would a painter charge to paint a 12x12 room? ›

Painters charge $400 to $1,000 per room on average, depending on the size. The average cost to paint a 12x12 room is $400 to $950.

How much should I charge to paint? ›

How Much to Charge for Painting Per Square Foot. You can charge from $2 to $6 per square foot on average for most interior painting jobs. Exterior jobs typically range from $0.50 to $4.50 per square foot. Taller buildings, difficult-to-reach areas, or switching between paint colors frequently add to this price.

How to write a quote for a painting job? ›

A detailed quote should describe all the work you'll do before, during, and after the paint job. It also needs to look professional and include you and your client's contact details, your company branding, terms and conditions, and any special discounts or rates.

How to write a bid for a painting job? ›

How to Bid Painting Jobs by Square Foot
  1. Calculate your square footage. ...
  2. Factor in the paint supplies you'll need. ...
  3. Add in the cost of equipment rentals. ...
  4. Figure out your time and labor. ...
  5. Don't forget business insurance. ...
  6. Multiply everything by this magic number to get your final painting bid.
Mar 28, 2023

How do you write a good estimate? ›

Here are some key steps to writing a good job estimate:
  1. Understand the client's expectations. ...
  2. Propose specific services. ...
  3. Work out the timeline. ...
  4. Price the services. ...
  5. Determine the cost of materials. ...
  6. Generate the final job estimate document.
Mar 19, 2023

Top Articles
Latest Posts
Article information

Author: Tyson Zemlak

Last Updated:

Views: 6148

Rating: 4.2 / 5 (43 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Tyson Zemlak

Birthday: 1992-03-17

Address: Apt. 662 96191 Quigley Dam, Kubview, MA 42013

Phone: +441678032891

Job: Community-Services Orchestrator

Hobby: Coffee roasting, Calligraphy, Metalworking, Fashion, Vehicle restoration, Shopping, Photography

Introduction: My name is Tyson Zemlak, I am a excited, light, sparkling, super, open, fair, magnificent person who loves writing and wants to share my knowledge and understanding with you.