Take for example, I charge 1.75 sq foot for 10x10 room with 8 foot ceilings. By my calculations this would cost $175 with floor space sq foot, but with you method, it would cost $576.00 That is outrageous. Of course I didn't subtract the windows and doors, which is another thing that makes no sense. Cutting in around those windows takes more time, then just rolling a wall.
 I can't say enough great things about Saints of Paint. They went above and beyond my expectations in every possible way. They painted the entire interior of my house and the work that they did was perfect, thorough, and very reasonably priced. Not one detail was missed. On top of that, each member of the team is very friendly, honest, and considerate. 

Don't hesitate to ask all the questions you need to feel comfortable hiring a professional. You can also ask 3-4 professionals to make sure you have the right quote in mind. You must make sure they have a warranty or some kind of paperwork stipulating the quality of their jobs. Insurance is also a #1 priority to consider, as damage can happen in the process of painting.
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That said... the lower price that people get from me does not include the assurances that accompany an insured professional. These people take a risk everytime they let me into their home, because if I trip down the stairs and break my back, it is they homeowners insurance that is on the line. If I stupidly step onto a granite countertop overhange and snap it, I have not liability insurance to sue.
Got two bids so far to paint the interior of a new home. 2,600 sq ft. Was painted with flat cheap paint the first time. The first bid was $17,000.The second bid was $7000. Two coats of paint on ceilings and walls. All doors and closets to be painted too. Still waiting on third painter estimate. I'm wondering if $7000 is too high. This painter has a crew of 5, told me it would take a week. Seems a long time with 5 professionals painting.
The price to paint an interior versus an exterior depends on a few factors. For painting an exterior, you will pay about $2,600. This is because you have to account for the siding, making sure the weather doesn't affect the job and dealing with weather conditions. On the other hand, the price to paint a home interior is around $1,700 -- less to worry about other than keeping the flooring and furniture paint-free. If you want to do both the interior and exterior, talk to the painters about any deals or their opinion on timeline and how it affects your budget.
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