Choosing the best architect for your home design project can be stressful and overwhelming. There are tons of architecture firms in Malaysia, and selecting among them can be really difficult. In order to hire the most effective professional for your project, you must have a can idea about the fee structures architects utilize.
When we say hourly, this means that you agree on an hourly rate. Thus, the architect charges you for the entire time spent working on the project. They love this kind of arrangement, since they know that they can instantly bill for all the time that they spend. As a homeowner, you just need to make sure that the number of hours are controlled. You can request to add a not-to-exceed fee in the contract.
Percentage of the construction cost
Architectural fees typically run between 8% and 15% of the entire construction cost. Therefore, on a specific project that costs $90,000 to build, the fees will fall in the $7,000 to $14,000 range. The fee would also depend on how well establish the architecture company is. An architect who is just in the process of establishing his practice may charge a mere 10%, since he is a newbie.
If you have a fixed-fee contract with your architect, this means that the document already has a set amount that will be charged. Homeowners love the idea of paying fixed fees, since know right then and there how much to budget. On the other hand, architects typically shy away from this specific fee structure since there is a defined project base it on.