Wow, that's about 1/2 price in my area...
Any comments on this receipt?
- Thread starter smokintoad
- Start date
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That price leaves me with $500 in about 2 hours work after materials are paid and fuel. The job is 3 miles away.
Cost of living is cheap here. My business license cost $88
That install price seems very reasonable to me.
I bet it does living in southern Ca looking at Bama prices
That's 3 bags of groceries here!
Bird Doo Head
Well-Known Member
Business license is $88.00...That price leaves me with $500 in about 2 hours work after materials are paid and fuel. The job is 3 miles away.
Cost of living is cheap here. My business license cost $88
Add in the cost of a permit.
And add a part of-
Your worker's comp insurance premiums, truck maintenance, truck insurance, truck license plate, business liability and equipment insurance, advertising, etc. Possibly even the cost to dispose of the old heater.
There sure are a lot of hands snatching a piece of that $500.00
Paul
Ludington
Well-Known Member
If it was an electric heater, would that have reduced your quote any ?
I’m not required to have workman’s comp, I have no employees.
There’s no equipment to insure. I have tools but they’re not insured
I don’t advertise.
Scrappers will pick the water heater up for free.
I don’t buy permits for water heater swap outs. If the homeowner wants a permit pulled I would add the cost of permit. The city doesn’t inspect water heater swap outs, it’s a money grab only. I choose not to participate in that nonsense.
Electric heaters are cheaper, so my price would’ve dropped the difference in heater cost. Labor and misc. materials would stay the same.
No, we are the same price for gas or electric, 40 or 50 gallon.
I pay $250 more for 50 gal gas than I do 40 gal electrics
Ludington
Well-Known Member
1200 just feels way high for a simple water heater install. But then I have no idea what the normal going rate would be. You do get what you pay for.... and i begrudge you nothing, get what you can, just be fair....I do everything myself. Built my own house, drew the prints, electrical, plumbing, every piece of wood , I nailed , screwed or glued it. Made all the molding. Made the kitchen cabinets (solid wood) made 90 % of our furniture. I did buy the doors and windows though...
Only because I had no money to pay for the experts. Had to learn it on my own. When I get to old to do it myself, I have a son that will pitch in. (Today was patch a popcorn ceiling...that was a first)
Only because I had no money to pay for the experts. Had to learn it on my own. When I get to old to do it myself, I have a son that will pitch in. (Today was patch a popcorn ceiling...that was a first)
My price included the water heater.
Ludington
Well-Known Member
Well, that certainly makes it much much better. Seems like an electric is running 6-800 for a basic one.
Bird Doo Head
Well-Known Member
With no disrespect meant, check your personal health insurance policy.
Per our state's insurance commission & the dozens of insurance agents with whom I spoke, no health insurance policies will cover injuries that occur while working, even if the injured is the business owner. Hopefully, your state is different.
Example: I am the sole owner of an LLC that is an Sub Chapter S Corporation. If I fall from a ladder or get a cut that needs stitches, my personal health insurance won't pay for diagnosis nor will they pay treatment.
Also, if you want lost-wage compensation for time that you're unable to work, you need to purchase worker's compensation or private insurance for that as well.
Should you happen to be of age, Medicare is a little different. They may or may not pay. If they decide to pay, there is a 120 day minimum delay to review the case, then a payment delay. They also offer what is called Workers' Compensation Medicare Set-Aside Arrangements. This is voluntary.
Vehicle insurance is a little goofy. If I'm going to & from a job site and am injured in a collision, the auto insurance company will pay medical and vehicle damage, plus my liability to others. If I'm injured in an accident while on the job (or injure someone or something) they won't pay anything- same if the truck is stolen. This includes going to get materials or on-site driving. (One example site that I frequent is the Ford Rouge Plant. You can rack up 20 miles in a day in that place.) I don't know if that is a state-wide rule or just a limitation of my policy.
Paul
PS: To cover materials, equipment & tools (not vehicle), my liability insurer (Selective Insurance) covers $33,500.00 for $188.00 per year with no deductible. That coverage is called an "Inland Marine Policy". An agent told me that if Detroit wasn't involved, the price would be about half of that.
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Bird Doo Head
Well-Known Member
If you ever find yourself bored, you will be welcomed with open arms at my house!
Mitchell-DIY-Guy
Well-Known Member
Wow, for a professional licensed plumber that’s a very good price for around here. I only think one might (emphasis on might) find a handyman around here to do it at that price. I think it would be more like $2,000+ based on what I hear from others.
Things are cheaper in the Deep South. Cost of living is cheaper.
I have total electric home, my power bill was $200 last month for a family of 4.
Water bill was $35
No snow days
Takes me about 2 hrs to install gas heater, 1.5 hrs for electric. Or faster……
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I’ve installed two water heaters at separate houses and easily be finished by lunch so I don’t mind charging $500 Labor to install one. I like that deal.
Mitchell-DIY-Guy
Well-Known Member
I get it. I don't think my utilities differ that much. Average electric bill, about $100. Average gas bill, about $60. Average water/sewer, $70. 3100 square foot home.
But we have an electric co-op. Up the street they have Duke energy, electricity nearly 2x.
Housing costs outrageous here but I think your average worker/labor rates about the same. $17-$25/hour for general laborers.
