Cost Comparison: How to Pick the Right Price for Your Build
When you start a renovation or an extension, the first thing on your mind is usually the cost. But comparing prices isn’t just about finding the cheapest quote – it’s about getting the most value for what you spend. Below you’ll find a straight‑forward guide that helps you break down the numbers, spot hidden fees, and make confident decisions.
Key Factors that Drive Costs
Every project has a few main cost drivers. Knowing them lets you see why two quotes can look very different.
Materials: Concrete, timber, steel, flooring, and finishes each have their own price range. For example, laminate flooring can be half the cost of engineered wood, but it may not last as long in high‑traffic areas.
Labour: Skilled tradespeople charge more than general handymen, but they also finish faster and bring fewer mistakes. In a typical house extension, labour can make up 30‑40% of the total budget.
Project size and complexity: A simple bedroom makeover costs a lot less than a full‑scale kitchen remodel. Adding a roofline, extra plumbing, or complex angles (like the 345 rule) pushes the price up.
Location: If you’re building in a city like London, site access, permits, and delivery fees add extra pounds compared with a suburban plot.
Finishes and extras: Choosing premium fixtures, smart blinds, or custom cabinetry can double the cost of a standard fit‑out. Decide early which upgrades are must‑haves.
Practical Steps to Compare Prices
Now that you know what influences cost, follow these steps to get a clear picture.
1. Make a detailed brief. List every element – from foundation work to the type of flooring you want. The more specific you are, the fewer surprise line‑items later.
2. Get at least three quotes. Ask each contractor to break down materials, labour, and overhead separately. This makes it easy to spot where one quote is unusually low or high.
3. Use a cost‑per‑square‑meter benchmark. For example, a cheap house extension in Melbourne might run around £1,200 / m², while a high‑end finish can exceed £2,500 / m². Compare each quote against the benchmark to see if it’s realistic.
4. Check for hidden fees. Look for line items like site cleanup, waste disposal, or permit fees that are sometimes added after the contract is signed.
5. Factor in long‑term savings. Energy‑efficient windows, LED lighting, or insulated flooring may cost more upfront but reduce bills for years. Include these savings in your overall comparison.
6. Read reviews and ask for references. A contractor with a solid track record might charge a bit more, but you’ll avoid costly re‑work.
7. Run a simple spreadsheet. List each cost category, add totals, and calculate the percentage each category takes up. This visual lets you see where you could trim down without hurting quality.
By breaking down the numbers and looking beyond the headline price, you’ll find the sweet spot where cost, quality, and timeline meet. Whether you’re choosing the easiest flooring to install, planning the cheapest house extension, or budgeting for a full kitchen remodel, a solid cost comparison saves you time, stress, and money.
Ready to start? Grab a notebook, list your must‑haves, and reach out to a few trusted builders. The right comparison will give you confidence to move forward and turn your vision into reality.
