4 Steps to Getting the Best Building Quotes

22nd May 2023


Finance & Budgeting Pre-Construction


Discover how to get the best building quotes (and avoid costly mistakes) with four simple steps, including financial preparation, research, and expert consultation.


alt-text

4 Steps to Getting the Best Building Quotes

Building a new home is an exciting journey, but navigating the quoting process can be tricky. With rising construction costs and a competitive housing market, understanding how to secure the right building quote is crucial for avoiding costly mistakes. In this episode, Colin Bischof and Darren Brennan take you through four simple yet crucial steps to help you secure the best building quotes and ensure your home-building experience is smooth and informed.

Step 1: Start with Finance

Before you begin exploring quotes, it’s essential to understand your financial capacity. Here’s how to approach this step effectively:

Step 2: Do Your Homework

Before heading to display villages or contacting builders, spend time researching online:


Recommended websites:


Example: A buyer looking to build in a particular suburb discovered that moving one suburb away saved them $50,000 while still meeting their lifestyle needs.

Remember: This step is about gathering information to prepare for meaningful conversations with consultants. Don’t let the variety of options overwhelm you!

Step 3: Create a Needs and Wants List

A clear list of what you need and want in your new home is vital for getting accurate quotes. Here are some categories to consider:

Step 4: Take Action

Once you’ve done your homework and defined your needs and wants, it’s time to meet sales consultants:

Pro Tip: Check if the builder offers walkthroughs of completed homes to help you visualize your future space.

Top Tips for Success

  1. Act Now: If you can afford to buy, don’t wait. Time in the market beats timing the market.
  2. Shop Within Your Means: Your first home doesn’t have to be your dream home. Focus on meeting your immediate needs and building equity.
  3. Choose Quality Over Cost: The cheapest quote isn’t always the best. Prioritize trust and transparency with your builder.
  4. Understand Quote Variations: Site costs, estate requirements, and inclusion levels can vary. Ensure you’re comparing apples to apples.
  5. Work with Reputable Builders: Look for builders with strong reviews and a transparent quoting process.

Key Takeaways


For a deeper dive into these steps, listen to the full episode here: 4 Steps to Getting the Best Building Quotes.