How to Compare Renovation Quotations and Key Things to Look Out For
2 min read
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Knowing what to look out for in your renovation quotation helps you make an informed decision on which renovator to engage and minimise unexpected costs down the line.
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Pro-Tip: Your decision to engage a renovator shouldnât be based solely on the lowest price. Other crucial considerations include their ability to meet your specific needs, track record, workmanship, customer service etc. Also, if the price sounds too good to be true, it probably is.
Every interior firm has their own way of preparing quotations and charges differently, making it difficult for you to make an apple-to-apple comparison.
Thatâs why⊠Having an itemised quotation is soooo important!
It helps you to compare renovation quotes fairly as you can see how you are charged for each specific item.Â
âP.S. An itemised quotation requires time to prepare, so, you should only expect to receive it before or during the 2nd meeting with a renovator.
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When reviewing renovation quotations, ask for clarifications on any descriptors you find ambiguous. The goal here is to eliminate any room for misinterpretations or hidden costs.
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The key word here is âyouâ because it is entirely up to your own personal interpretation. Basically, if anything appears unclear to you, just clarify (...or regret).
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At times, your renovators might not be able to provide an exact renovation quote for certain works due to uncertainties or fluctuations in prices e.g. ordering niche supplies from overseas.
In such cases, you should ask for an estimate along with approximate variation costs and have it documented. This helps you avoid any unpleasant surprises or mark-ups down the line.
Unfortunately, renovation is the industry that receives the most complaints in Singapore. This makes it important to hire an interior designer/renovation contractor who is transparent and follows good business practices without your constant prompting. Be sure to do your own due diligence and identify red flags early on.
To make a fair comparison and be extra confident with your decision, we highly encourage you to meet with at least 5 renovators. To streamline your search, we recommend working with interior firms with the CaseTrust mark as it ensures that youâre protected before, during, and after the renovation.
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đ° Anxious? We'll Help You Review Your Contract!
If you were to sign a contract with a Renovator eligible for HomeMatch's Safest-Smartest Assurance, we'll help you vet through the contract to ensure adherence to good consumer policies.
This service is completely free. We're a neutral party who does not collect sales commissions! Get Matched đ
Frequently Asked Questions (FAQs):
Why Should I Compare Multiple Renovation Quotes?
Comparing multiple renovation quotes helps you spot price discrepancies, understand market rates, and identify hidden costs. It also reveals whether a renovator is under-quoting to secure the job. Reviewing at least three quotes ensures a fair benchmark before you commit.
How Many Renovation Quotes Should I Compare?
Itâs best to compare at least 5 renovation quotes before choosing a contractor. Why? For example, with only 3, you might get one low, one medium, and one high, which doesnât show the true benchmark. 5 itemised quotes give you a clearer view of market rates, inclusions, exclusions, and estimated costs.
How Do I Compare Renovation Quotes?
To compare renovation quotes effectively, look beyond the total price. Focus on whether the quotation is itemised, breaking down costs for materials, labour, and works separately. This helps you compare apples to apples, spot hidden mark-ups, and see whatâs included or excluded in each renovator's offer.
What Are the Key Things to Check in a Renovation Quote?
Always check scope of work, materials specified, payment terms, and warranty coverage. Vague descriptions like âstandard carpentryâ are red flags. A reliable renovation quote should also disclose inclusions and exclusions clearly, with estimated costs provided upfront, so you can avoid hidden surprises later.
How Do I Spot Hidden Costs in a Renovation Quote?
Hidden costs often show up as exclusions, provisional sums, or vague descriptions. Look for missing line items like electrical works, haulage, or permit fees. If the price seems unusually low, clarify whatâs excluded before signing.
Is the Lowest Renovation Quote Always the Best?
The lowest quote is not always the best. Contractors may cut corners, use inferior materials, or add hidden charges later. A reliable quote balances cost with transparency, quality, and deposit protection for your renovation.
What Is an Itemised Renovation Quotation?
An itemised renovation quotation breaks down costs line by line, showing materials, labour, and specific works separately. This transparency helps you compare quotes fairly and spot hidden mark-ups. A proper quotation should also highlight inclusions, exclusions, and estimated costs for each item, so nothing is left ambiguous.
