Re: Typical freelance pricing questions.
Sounds fair. That approach usually encourages the client to get it right from the get-go. Don't forget to include a re-render charge to cover any "could you show me what it'll look like in another colour" type situations. Additional texturing could be charged at the same rate as re-modelling but you should also have a fee for additional renders.
For example, 4 Views = $x, additional renders (incl. client requested changes) = $y, additional model/texture/light = $z/hour
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