Pricing your handyman services correctly is key to running a successful and profitable business. A pricing guide for handyman services can help you strike the right balance—charge too little and you risk undervaluing your skills, or even losing money; charge too much and you might lose potential customers. With hourly rates typically ranging from $50 to $125, your pricing should reflect your experience, the complexity of the job, and local market trends. In this guide, we’ll break down handyman pricing by project type, explore key factors that influence rates, and share tips to help you set fair and profitable prices. Plus, we’ll show you how tools like Project 2 Payment can simplify sending out estimates and collecting payments once you’ve mastered your pricing strategy, so you can focus on growing your business.
How to Price Your Handyman Services
Handyman pricing varies widely, but on average, hourly rates range between $50 and $125, with most professionals charging around $60 to $85 per hour. However, these rates depend on several things, including experience, job complexity, and regional averages.
Breaking Down Costs by Project Type
Handymen handle a wide range of tasks, and pricing is typically structured by the type of work. Here’s a breakdown of common projects and their average costs:
- Small jobs: Installing a bathroom fan ($150–$550), replacing a light fixture ($100–$400)
- Medium jobs: Replacing attic ladders ($150–$300), mounting a TV ($100–$300)
- Large jobs: Painting a room ($400–$1,600), installing flooring ($1,000–$4,000)
What Influences Pricing?
Quite a few factors go into a fair pricing model. Here is what you need to consider when pricing out your services:
- Experience and expertise: Professionals with more experience or specialized training may charge more.
- Geographic location: Urban areas and high-cost regions often see higher rates.
- Scope of work: Complex tasks requiring special tools or training will cost more.
- Material costs: If the handyman provides materials, there will likely be an added markup to anything purchased on behalf of the customer.
How to Price Your Services
Setting your prices to be fair while allowing you to make a profit involves a few different factors. Here’s what to think about:
- Know your costs – Factor in both direct costs (materials, tools) and indirect costs (insurance, transportation, business licenses), otherwise known as business overhead, to set a profitable rate.
- Research the market – Check what other handymen in your area charge.
- Consider job complexity – Charge accordingly for jobs that require special skills, permits, or extensive labor.
- Offer package deals – Bundling services together can make pricing more attractive to clients. Scheduling multiple small projects on the same day can also save you time and money on transportation.
- Be transparent with pricing – List your rates and potential additional costs.
- Use technology for efficiency – Platforms like Project 2 Payment can help you create your own pricing book, provide detailed estimates, send invoices, and receive payments seamlessly.
How Project 2 Payment Can Help You With Pricing
With Project 2 Payment, you can streamline your pricing process by creating an “Item Library” that includes all the services and materials you typically charge for. Set your own pricing for each item and select whether the item is taxable. When you need to send an estimate or invoice, simply add the items and quantities relevant to the job and click to send an electronic version with your handyman service branding and payment policy.
If you often perform the same type of job, the “Duplicate Project” feature allows you to quickly replicate pricing from previous jobs for new ones—reducing data entry and helping you send accurate estimates faster.
Project 2 Payment also keeps your overhead low by offering everything you need to efficiently run your handyman services for just $20 a month, making it a cost-effective solution for managing pricing, invoicing, and payments.
Once you know how to price your services in a way that covers costs, reflects your skills, and keeps your business growing, you can confidently charge your customers fairly and competitively. Remember, transparent rates followed by quality work and good customer relationships lead to repeat business and referrals. Ready to use tools like Project 2 Payment to keep pricing, invoicing, and payments simple?
