One of the expenses that will take up a portion of your residential or commercial building project is architectural fees. Here is a quick guide to these fees from a leading architect in NJ – although it is important to be aware that fee structures and cost will vary from firm to firm.
Hourly Architectural Fees
This is one of the most straightforward forms of billing as you simply pay a set hourly rate for the amount of time your architect spends on the project. However, this is not a popular form of billing amongst clients and is rarely used because there is no easy way to determine how many hours of work your architect will need to put in, so it makes budgeting for this expense difficult.
Percentage of Construction
Some architects offer their fee as a percentage of construction, where the client and architect agree at the beginning of the project on a set percentage of the client’s construction budget. This is then paid in monthly installments or at agreed-upon milestones. It’s important to remember that this fee is based on the total budget that is spent at the end of the project, so it can be higher than you anticipate if there’s unanticipated additional work.
Per Square Foot
In this fee structure, you and your architect would agree on paying a set amount per square foot of the finished project. This amount will vary according to how complex or simple the project is overall.
This is a popular fee structure because the client and the architect know exactly what the cost will be upfront at the beginning of the project, so there are no surprises. First, your architect will do a thorough evaluation of your project and come up with an estimate of how much the job should cost. This can then be paid in a lump sum or over a set period of months or when agreed-upon milestones are met.
Affordable Fee Structures for Residential and Commercial Architecture Services in NJ
The New Jersey architectural firm of Seth A. Leeb offers full-service solutions for your building project. With 20 years of experience, we can provide the expertise, skills and innovative thinking you need to create a residential or commercial space that is functional, striking and ideally suited to your needs. For more information on our residential and commercial architecture services or to speak to a residential architect in NJ, please contact us today or visit our website at https://leeb-architecture.com/