When setting your rates, you should consider the amount of work you are willing to do. If you work seven hours a day, 20 hours a week, and 50 weeks a year, you would need to charge $64 per hour to cover your costs. If you plan on charging more than this, you should adjust your rates accordingly. The trick is knowing what the market is willing to pay for your services. You should also take into account your overhead.
How Much Should a Handyman Charge Per Hour?
Ask an electrical handyman to provide an estimate before you pay him. Get a detailed estimate of how long the project will take and what materials you need. You can even propose a flat-rate fee. When you receive several bids, be sure to check references. While the lowest bidder may sound tempting, it is better to choose a handyman who is capable of your job.
A good handyman should charge at least $65 per hour. If he doesn’t, you’ll be paying for a lower-quality service and sacrificing your quality of life. A good handyman will also charge you more than the minimum rates. While it’s a good idea to negotiate a fixed rate with a handyman, make sure you get an estimate that’s accurate.
A handyman’s rate is typically based on a number of factors, including the cost of his work vehicle and truck. It also includes taxes (federal and state), overhead costs (such as living expenses), and the amount of time he spends doing accounting and marketing.