5 Tips for comparing estimates when carrying out renovations
Dealing with a reformation project involves making many decisions, and one of these is choosing the most convincing estimate. Although the cheapest quote may be very attractive, it may not always be the one that suits us best. The reason for this is that they contain lots of potentially misleading information, and if each item has not been precisely detailed, it is possible that while the original quote, which at first glance seemed to offer the lowest price, will soon add up to unforeseen amounts once the work begins, resulting in a higher total cost than expected. Likewise, it is advisable to check the quality of the materials suggested for use carefully; if everything you need is included in the quotation, if the architect’s plans have been followed correctly, and so forth. Therefore, to be able to compare each firm’s quotations to do the work, it is imperative to bear these five points in mind:
- Have a detailed plan. The first step, which will be the foundation for the entire project, is to ask an architect to draw up a blueprint, with detailed plans which can be used as a guide when the work begins. The more meticulous the draft is, the more chances you have of securing a quote that is completely in line with reality. It must show a detailed breakdown, with all surfaces measured in square meters and other necessary items listed, so that the construction company can draw up a realistic quotation.
- Have at least three estimates to choose from. According to experts in the sector, in order to get a good idea of market prices, when requesting a budget for renovations, and have certain guarantees, it is advisable to call on at least three companies you have dealt with before. That way you will have several bids to compare and analyse in detail.
- Get a detailed estimate. The only possible way to make a real comparison between different quotes for refurbishment work is by making sure each of them include the same things: the new layout of the property, the surface coverings, the new fixtures and fittings, precise measurements, all the materials involved, and so on. And, to check that the figures are correct, the price per number and unit must be shown. In other words: what each individual light fixture costs, not just the total sum. Or the price per square metre of laminate flooring, parquet or tiles to be fitted. Furthermore, a good quotation will be divided into sections, which makes the comparison easier: demolition work, masonry, welding and tiling, exterior and interior carpentry, plumbing, electricity etc.
- Material quality. Checking the quality of the material included in the requested costing is key, because the price will partly depend on it. Tiles that crack in the cold, floorboards which do not fit together properly, obsolete bathroom fittings with no guarantee or for which there are no spare parts can result in numerous problems, even though logically they are cheaper.
- Timeframe. If all the previous points have been covered, all that remains is to decide on which quotation best suits our budget and includes an agreed time frame. In cases such as restaurants and shops where you also have to pay rent, this aspect is essential.
The best reforms are those that end up exceeding our expectations, and by keeping these small details in mind, you will be sure to find the right company.