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Jun 17, 2020 · In this cost benefit analysis example, payback period can be calculated as; $175,000 / $213,008 = 0.821 of a year, or approximately 10 months. It is often difficult to estimate the benefits rather than estimating costs. Because benefits are subjective and can be affected by the estimators bias.Learn More
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However, most architectural firms report charging 5% to 20% of the project cost, which comes out to far more. For the average 2,700 square foot home with an average build cost of $300,000, expect to spend anywhere from $15,000 to $60,000. Less commonly, they charge $125 to $250 per hour and a few pros charge $2 to $10 per square foot.Learn More
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