Calculations for Home Improvement Services rate calculations. Performed using Maryland/ D.C. Markets where possible.
On June 12th, 2017 EFynch shared a video. In researching the tech startup wanting to be “next Uber” for Home Services, we found several companies (like us), all with aspirations to go national.
One thing we have a hard time stomaching is the fees that other companies charge. In this video we reference several fees and amounts for a $250 project (our current average project size).
Below is the calculations for those fees.
Calculations performed by Teris Pantazes
1. Homee: Information provided via home website 855-Go-Homee.
Homee is an on-demand property maintenance service that provides customers with instant access to electricians, plumbers, HVAC technicians and handymen from the convenience of their smart phones. The Homee app allows users to find GPS-located service providers and request immediate service. Homee is licensed, bonded, and insured. For more information or to install the Homee app, search for Homee On Demand in the app stores (6/12/17 12:05 PM ghttp://www.homeeondemand.com/news/press-releases/homee-demand-app-connects-nearby-handymen-electricians-hvac-repairmen-plumbers/)
CALCULATIONS:
They charge the homeowner a 30% premium on all jobs. If I am a “skilled” handyman, the homeowner has “agreed” to pay a 30% premium for finding me through homee.
$250 x 30% = $75
Taskrabbit: Information provided via google.com and task rabbit website
Trusted Handyman Help For Your Home Projects. Low Rates & Reliable Service.
Background checked · Insured up to $1M · Over 1 Million Tasks Done · Cash free payment
Services: Handyman Services, Furniture Assembly, Moving Help, Cleaning Services, General Errands (6/17/17 12:19PM. https://support.taskrabbit.com/hc/en-us/articles/204411610-What-is-the-TaskRabbit-Service-Fee- and https://support.taskrabbit.com/hc/en-us/articles/204940570-The-TaskRabbit-Trust-Safety-Fee)
CALCULATIONS
TaskRabbit collects a 30% of the total transaction when passing the funds from the consumer to the provider. They also charge a 7.5% Trust and Safety Fee which is paid by the consumer. This fee pays for Insurance, Customer Support, and Tasker Vetting.
$250 x 30% = $75
$250 x 7.5%= $18.75
Total Fees $93.75
Round up to $94
TAKL: Information provided via google.com and TAKL website and App.
Find local background checked providers on-demand to check off your chore list- lawn care, handyman services, cleaning services, junk removal & more.
CALCUALTIONS.
Takl charges providers 30% of total preset project fee. There is a blended rate if you are “requested” 20%, Add ons are 10% and providers and handymen keep all of their tips.
Takl charges contractors/ providers/ handyman 30% for jobs. (https://support.takl.com/hc/en-us/articles/217734977-What-are-the-provider-pay-rates- 6/12/17- 12:26pm)
$250 x 30% = $75
When you purchase a service through takl App, they charge an additional 9% service fee- image attached. 6/12/17- 12:26pm
$250 x 9% = $22.50
Total Fees: $97.50
HANDY: Information provided via google.com and conversation with Handy Advisor and GlassDoor
Book Professional Baltimore Cleaners On Demand. Next-Day Availability.
300k 5-Star Ratings · Affordable Pricing · Trusted Professionals · 3.5M+ Cleanings Completed
Services: Home Cleaning, Furniture Assembly, TV Mounting
Handy Charges hourly rates then sends a 1099 cleaner to your home. For home cleaning in Portland Oregon- a cleaner wrote on GlassDoor she makes $20 per hour (https://www.glassdoor.com/Reviews/Handy-2-hours-Reviews-EI_IE680570.0,5_KH6,13.htm 6/12/17 12:37PM- posting was made on 10/22/16)
I then checked Handy for house cleaning. A 3 hour service in Portland Oregon at the time of writing this was $168. Given the hourly rate I calculated that Handy takes $108. However, they did offer a “coupon” making the actual cost $120.60 (which includes a $3 trust fee).
$120.60 / 3 = $40.20 collected per hour.
Contractors makes $20 per hour
$40.20 - $20 = $20.20 (Handy’s hourly fee).
$20.20 x 3= $60.60 for a $120.60 bill or 50.24%.
$250 x 50.25% = $125.63 collected for $250!
To further the calculation on my chart, Handy appears to favor a “subscription model and I chose the 6 month package which is much less expensive for house cleaning.”
With this in mind I did the same math but for the advertised service signing a 6 month agreement. The total cost was $84 for this service (including trust fee- I don’t know if this is a flat fee or percentage).
Since they pay $20 per hour to the cleaner for 3 hours- the cleaner makes (assumed) $60.
84-60= $24 (Handy’s Fee for the cleaning after paying the home service provider).
$24/ $84 = .285 or 29%
29% x $250= $72.50- total fee collected.
One thing we have a hard time stomaching is the fees that other companies charge. In this video we reference several fees and amounts for a $250 project (our current average project size).
Below is the calculations for those fees.
Calculations performed by Teris Pantazes
1. Homee: Information provided via home website 855-Go-Homee.
Homee is an on-demand property maintenance service that provides customers with instant access to electricians, plumbers, HVAC technicians and handymen from the convenience of their smart phones. The Homee app allows users to find GPS-located service providers and request immediate service. Homee is licensed, bonded, and insured. For more information or to install the Homee app, search for Homee On Demand in the app stores (6/12/17 12:05 PM ghttp://www.homeeondemand.com/news/press-releases/homee-demand-app-connects-nearby-handymen-electricians-hvac-repairmen-plumbers/)
CALCULATIONS:
They charge the homeowner a 30% premium on all jobs. If I am a “skilled” handyman, the homeowner has “agreed” to pay a 30% premium for finding me through homee.
$250 x 30% = $75
Taskrabbit: Information provided via google.com and task rabbit website
Trusted Handyman Help For Your Home Projects. Low Rates & Reliable Service.
Background checked · Insured up to $1M · Over 1 Million Tasks Done · Cash free payment
Services: Handyman Services, Furniture Assembly, Moving Help, Cleaning Services, General Errands (6/17/17 12:19PM. https://support.taskrabbit.com/hc/en-us/articles/204411610-What-is-the-TaskRabbit-Service-Fee- and https://support.taskrabbit.com/hc/en-us/articles/204940570-The-TaskRabbit-Trust-Safety-Fee)
CALCULATIONS
TaskRabbit collects a 30% of the total transaction when passing the funds from the consumer to the provider. They also charge a 7.5% Trust and Safety Fee which is paid by the consumer. This fee pays for Insurance, Customer Support, and Tasker Vetting.
$250 x 30% = $75
$250 x 7.5%= $18.75
Total Fees $93.75
Round up to $94
TAKL: Information provided via google.com and TAKL website and App.
Find local background checked providers on-demand to check off your chore list- lawn care, handyman services, cleaning services, junk removal & more.
CALCUALTIONS.
Takl charges providers 30% of total preset project fee. There is a blended rate if you are “requested” 20%, Add ons are 10% and providers and handymen keep all of their tips.
Takl charges contractors/ providers/ handyman 30% for jobs. (https://support.takl.com/hc/en-us/articles/217734977-What-are-the-provider-pay-rates- 6/12/17- 12:26pm)
$250 x 30% = $75
When you purchase a service through takl App, they charge an additional 9% service fee- image attached. 6/12/17- 12:26pm
$250 x 9% = $22.50
Total Fees: $97.50
HANDY: Information provided via google.com and conversation with Handy Advisor and GlassDoor
Book Professional Baltimore Cleaners On Demand. Next-Day Availability.
300k 5-Star Ratings · Affordable Pricing · Trusted Professionals · 3.5M+ Cleanings Completed
Services: Home Cleaning, Furniture Assembly, TV Mounting
Handy Charges hourly rates then sends a 1099 cleaner to your home. For home cleaning in Portland Oregon- a cleaner wrote on GlassDoor she makes $20 per hour (https://www.glassdoor.com/Reviews/Handy-2-hours-Reviews-EI_IE680570.0,5_KH6,13.htm 6/12/17 12:37PM- posting was made on 10/22/16)
I then checked Handy for house cleaning. A 3 hour service in Portland Oregon at the time of writing this was $168. Given the hourly rate I calculated that Handy takes $108. However, they did offer a “coupon” making the actual cost $120.60 (which includes a $3 trust fee).
$120.60 / 3 = $40.20 collected per hour.
Contractors makes $20 per hour
$40.20 - $20 = $20.20 (Handy’s hourly fee).
$20.20 x 3= $60.60 for a $120.60 bill or 50.24%.
$250 x 50.25% = $125.63 collected for $250!
To further the calculation on my chart, Handy appears to favor a “subscription model and I chose the 6 month package which is much less expensive for house cleaning.”
With this in mind I did the same math but for the advertised service signing a 6 month agreement. The total cost was $84 for this service (including trust fee- I don’t know if this is a flat fee or percentage).
Since they pay $20 per hour to the cleaner for 3 hours- the cleaner makes (assumed) $60.
84-60= $24 (Handy’s Fee for the cleaning after paying the home service provider).
$24/ $84 = .285 or 29%
29% x $250= $72.50- total fee collected.
