(Closed) How much should I have avaliable for the deposit?

posted 5 years ago in Venue
Post # 3
Member
839 posts
Busy bee
  • Wedding: September 2014

I’m sorry I cannot help you with this particular venue, but all the places that I have looked at have their deposit information on their website. Have you checked the website of the venue to see if it is on there?

Good luck with everything!

Post # 4
Member
3697 posts
Sugar bee
  • Wedding: May 2012

I had to pay 50% of the base rate as deposit for my date at my venue.  Some of that was refundable.  I did have at least 24 hours to come up with it (though I just put it on my Amex).  You could poke around websites of some of the places you’re looking at and see if they list deposit requirements.  I’d have at least 10% of your total budget available as a deposit for the venue, maybe up to 20% depending on their contracts. 

Post # 5
Member
12976 posts
Honey Beekeeper
  • Wedding: November 1999

I would ask them during your tour of the place.  Usually they have a 7-14 day courtesy hold for you to get your money to them.  My venue required  1/3 of the total payment to guarantee the date for us.

Post # 7
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

@vermonster:  Call them if it isn’t on their website. Since they are all-inclusive, it’ll likely be a hefty sum, since you can’t just book the venue now, and put a deposit for catering, rentals etc down later as you book them.

Post # 8
Hostess
3369 posts
Sugar bee
  • Wedding: May 2013

The general rule of thumb is 50% of the total. Especially if they are all-inclusive the deposit will be signifcant, but I’d call them and ask. Most venues don’t put their prices on the website for the purpose of having the ability to talk to the person.

Remember that these places are businesses, and try to negotiate if possible. Obviously don’t cut the price in half, but it doesn’t hurt to try and get things a little bit cheaper!

Post # 9
Member
2295 posts
Buzzing bee
  • Wedding: April 2013

It really, really varies. I only had to put $500 as a deposit on our venue, but I had to put 1/3rd down as a deposit with our DJ/decor company. The only way to know is to ask each place.

I can tell you this. I spent about 25% of our overall budget during the reservation/deposit period – venue, decor, dj, photobooth, photographer, videographer, tux deposits, honeymoon deposit, cake. Hope that helps a little in figuring out how much you should have up front.

Post # 10
Member
2711 posts
Sugar bee
  • Wedding: September 2012

Based on the responses, I’d call and ask.  Everywhere I looked (in SE Michigan), it was $500.  The venue we went with had a $500 deposit, but had periodic installments.  These varied depending on how far away your wedding was.  For example, at 6 months out, we needed to have 50% put down.

 

Post # 11
Member
11272 posts
Sugar Beekeeper
  • Wedding: April 2012

it really depends on the venue.  they all seem to have their own rules when it comes to deposits and payments.  you may want to confirm with them while touring the venue.  they may also have their terms online.

for my area, i think on average it was anywhere between $500-$2000 to reserve the date depending on the venue.

Post # 12
Member
14444 posts
Honey Beekeeper
  • Wedding: June 2011

I got married in Andover and they only needed 1k deposit.  I paid the rest (about 13k) one month or 2 weeks before.

Post # 13
Member
1729 posts
Bumble bee
  • Wedding: June 2013

Ours was 2K

Post # 14
Member
1860 posts
Buzzing bee
  • Wedding: June 2013

My deposit was 1/3 of the cost, so $1,500.

Post # 15
Member
1448 posts
Bumble bee
  • Wedding: October 2013

I think half is pretty typical, with the other half due 30 days before the wedding.

Post # 16
Member
525 posts
Busy bee
  • Wedding: April 2014

Our deposit was only $2,000 to secure the date with another $3,000 deposit due 9 months before the wedding.

 

I’d definitely call though to check with the places, as it really varies.

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