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Re: ARCHIT FEES

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ASC wrote:
Blank
I was amazed to see the following:
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From: "Michel Blangy" <mblangy(--nospam--at)satco-inc.com>
To: <seaint(--nospam--at)seaint.org>
Subject: RE: Architectural Fees for Residential projects

Last year I was involved with a spec. job in So-Cal. $1,200,000 was budgeted
for all hard/soft costs. Archs. fee including permits/engineering/city fees
was to be $15/sf. Projected sales price is to be 3.5 to 4 mill. I have seen
the same arch. do quite a few similar projs.
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Comment: Does it mean that for a 5000sf home (sort of nearly a mansion)
a client would pay 75K in archit fees?
 
Sounds insane to me.
 
 
Sincerely, Gregory from Oz
 

Would that be insanely high or insanely low?  5000SF nowadays seems to be just a hair larger than a standard yuppie home, which in my area (mid-atlantic) tends to be in the 4000SF range.  What is impressive is the anticipated margin.
Jordan

(bottom quoting for consistency)

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