Figuring out the Cost of Plumbing
A difficult part of hiring a plumber is determining whether or not you are receiving a good deal. Many times, it can seem as though you are being ripped off, especially if you are unaware of what goes into these jobs. If you truly want to make sure that you are getting the best price the next time you call a plumbing company, you should have a general idea of what the job should cost before agreeing to anyones terms.
The first thing you will need to determine is which parts are needed. There will likely be a few different materials that are needed, all of which will be included in the price. Keep in mind that this will likely include things that you cannot see, as new piping is often needed for these jobs. If you will be making additions to your plumbing or upgrading your fixtures, head to a hardware store to see how much these items cost. Knowing the fair market value of these items will go a long way in determining how you should pay for this work.
Keep in mind that things like washers, screws, and bolts must be paid for as well. Add about $10 to anything that needs to be mounted, as there will be additional supplies needed. After you have figured all of this out, you can begin calculating how much the materials will cost.
Once you have a general amount for the materials, you can begin to figure out how much the labor will cost. Call various plumbers around town and ask them about their hourly rates. While you are speaking with them, make sure that you ask them about how long a certain job will take. Ask them for a worst-case scenario for the job that you want done, as this will ensure that you are never surprised by the end cost. You must include the time it takes to purchase supplies into this rate, as all of this counts as work that is going into your home.
Finally, you can add everything together to come up with a final rate. Keep in mind that the plumbing company will have to come and visit your property to come up with an estimate, but this will give you a good idea of how much everything will cost. Just because a company has a lower hourly rate does not mean that it will end up costing less, since that company might be inexperienced and might take longer. Generally, you should add about 8% to the final estimate that you come up with to account for any incidental costs that might arise. It is always better to be prepared to pay more for a job than it is to not have the money on hand to make this payment.