Getting in the business of all-natural stone material specification and provide for more than 25 years, I frequently hear residence owners as properly as hotel owners or their representatives repeat the very same lament, "that's too significantly, I can't afford that high priced material for my countertop(s)". Here is a straightforward spending budget formula to calculate the price distinction for that much more highly-priced material that you enjoy, but think you cannot afford.
We will be working with polished granite as our example, but we could use anything. The point is, the material cost is an independent entity, and you have to have to feel of it that way. Countertop cost, whether in your kitchen, or in 250 hotel rooms, is figured simply for budget purposes. The actual material price is only about 25% of the actual cost of the countertop for your project. Fabrication fees, job-web site measurements, transportation and installation expenses make up the majority (75%) of what you are paying for for the reason that it is rather labor intensive.
Let's say you uncover an "average" priced granite ($12/SF raw material price) that you could live with, but you want one other one that expenses twice as a lot, $24/SF raw material cost). You assume the countertop fabrication company priced the very first granite at about $2,000 for 40 SF of countertop surface installed in your kitchen. How can you afford $four,000 for this leading? That is twice the price, proper? But only the material expense has doubled. All the rest of the labor items remain the exact same fabrication, measuring, transport and installation.
Now take 75% (or three/four) of the unit price tag, $50 per SF. You would be $37.50/SF for the "labor" items. For our purposes this is continuous, no matter what granite you pick. This is not normally accurate, as some granites are significantly more difficult to operate with than other people, but for our purposes, we will not consider that. Now 25% (or 1/4) of that unit price tag quantity ($50/SF) is $12.50/SF, the expense-plus profit for the raw material of the slab made use of for the fabrication. Now we substitute the new pricing of the far more high-priced material, $25/SF (which includes $1/SF for profit on the material). Add that to the "labor" items unit cost, or $37.50/SF.
This now equals $62.50/SF for the a great deal more expensive material, rather of the original $50 per square foot, or an boost of $12.50 per SF. Now, the similar region of countertop, 40 SF, multiplied occasions $62.50/SF (the new unit cost) equals $two,500 for the more costly countertop, not $4,000. Your net price raise for the granite that expenses twice is a lot is only $500, not the $1,500 you were thinking.
This basic trick will assist you justify paying for the exact material that you desire and make you feel good about doing so. Why not have what you want, rather of what you can live with, considering that you will be seeing it pretty much everyday for rather a although.
This example has imaginary numbers to show the principle that considerable increases in the price of materials does not translate linearly to the final expense of the construction project. Material expenses are only a portion of any construction project, as this straight forward illustration shows us.
Charles B Kirkendall
All-natural Stone Specification Consultant
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