Quote:
Originally Posted by Muta
$345,000, or 15%. This can vary (12-18%) depending on the architect and the demand for their services.
Of course, that fee comes down if you're just doing renovations / modifications as opposed to designing an entirely new home.
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That could be affordable for some. But an additional $45,000 on $300,000 is actually quite an expense for the average family. Considering you still need to landscape and build a fence at approximately $10,000. Then finish your basement for another additional cost of approximately $30,000 or $20,000 if you do it your self. The average individual, especially a first time home buyer, would have trouble getting the bank or a mortgage lender to give them the extra money to have the architect design the house.