How to Compare Renovation Quotations and Key Things to Look Out For

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?

It’s 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 doesn’t 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 what’s 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 “standard carpentry” 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 what’s 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.