Why Do Builder Quotes Vary So Much?
If you've gathered quotes from multiple builders for the same renovation project in Geelong, chances are you've seen some surprising differences in price. It’s a common and confusing experience for many homeowners planning home extensions or heritage renovations. While it may seem like you're comparing apples to apples, the reality is that not all builder quotes reflect the same assumptions, quality, or approach.
Here are some key reasons why builder quotes can vary significantly:
1. A Lack of Renovation Experience
Renovation experience, especially with heritage homes and older properties, plays a huge role in the accuracy and reliability of a builder’s quote. Builders who lack experience with complex renovations may underestimate the work involved, overlook structural issues, or fail to account for details required to blend new work with existing structures.
Experienced renovation builders in Geelong, like Shepherd Homes, know what to expect and price accordingly factoring in rectification work, unique site conditions, and the craftsmanship required. While their quotes may appear higher upfront, they’re far more likely to reflect the true scope of work and avoid costly surprises later.
2. Depth of Scope Understanding
Some builders take the time to deeply understand your design plans, site conditions, and renovation goals then build a quote that reflects reality. Others may skim over details, provide a ballpark estimate, or miss critical items that could cost you later.
A more thorough and transparent quote may seem higher but likely prevents unexpected costs down the track. A detailed, informative quote is an indicator that the builder understands your expectations and has an eye for detail something essential for quality home renovations and extensions.
3. Quality and Consistency of Trades
Reputable Geelong builders often work with a trusted team of tradespeople who know the builder’s standards and processes. This results in consistent workmanship, better coordination, and accountability throughout your project.
Cheaper quotes may come from builders who "shop around" for the lowest-priced trades at the time often sacrificing quality, reliability, and communication along the way.
4. Product and Compliance Standards
An accurate quote often reflects a builder’s commitment to best-practice construction, premium materials, and compliance with building codes. This ensures the finished renovation is built to last and performs well over time.
Lower quotes may indicate corner-cutting inferior or non-compliant materials, shortcuts in waterproofing, insulation, or energy ratings, and failure to allow for required structural upgrades. This can lead to costly repairs in the future and affect your home’s long-term value.
5. Builder Overheads and Support
Well-established builders invest in project management, scheduling, client communication, insurances, and site supervision all vital for a smooth, stress-free renovation experience.
Cheaper quotes may come from smaller or less organised operators who lack these support systems, increasing the risk of delays, miscommunication, and budget blowouts.
6. Desperation vs Demand
Sometimes, a quote is low because a builder is simply trying to fill their schedule. While this might seem like a win for you, it can signal financial instability or a lack of upcoming work which can lead to rushed jobs, poor service, or unfinished projects.
A fair, transparent price from a busy builder is usually a sign of strong demand and proven reliability.
Final Thoughts
When comparing quotes for your Geelong renovation or extension, don’t just look at the bottom line. Ask questions, understand the inclusions, and consider what each builder is truly offering. The right builder will make you feel comfortable to ask questions and encourage you to explore how their business and projects are managed.
In most cases, a higher price reflects a builder’s commitment to quality, compliance, and exceptional client experience and that’s where the real value lies.
If you are unsure about what your project should cost, we recommend that you speak to a Quantity Surveyor, Estimator, or use a service like ProCalc to get an accurate and up-to-date range of costings. This will give you a realistic idea of what to expect when you receive builders’ quotes. Whilst architects and designers try hard to design a home to your budget, it takes experience and nuance to accurately estimate a heritage or custom renovation project.
At Shepherd Homes, we believe in quoting with integrity, transparency, and a focus on delivering lasting value not just a number on a page.
Our team specialises in heritage home renovations, modern extensions, and high-quality building work across Geelong.
