It is no surprise that the turnkey construction industry in the country is highly unorganized. Thus, plot owners find it challenging to find the right builder for their dream home. Every contractor quotes their price according to their specifications. Thus, it gets difficult for people to do a detailed comparison between the prices quoted by different builders.
To help our clients and the readers, we have curated a step-by-step guide to compare the price quotations by different builders and contractors.
Ask for the home construction price quote in writing with a clear set of exclusions and inclusions: Since the home construction industry is highly unorganized; thus, the local builders usually quote their prices without giving a written document or a vaguely written document to a technical eye. Due to vagueness or ambiguity in the specifications, price surprises come during the execution. Additionally, because of a lack of technically proper documentation, clients are often misguided about what all the quoted pricing includes and excludes. With proper documentation, it will be easier for you to compare the pricing between the two builders.
Find the differences between the specifications and assign a monetary value to extra items: Different builders include different points in their quotations. If the same items are provided in the two quotations, then your job is to compare the brands for these items. The next step is to assert the technical details of the items quoted in the two quotations. In the case of exclusions, you may notice that one builder’s price is lesser. So, you’ll need to assign the monetary value to the exclusive items and then compare the final price of the two.
Try assigning monetary value to the quality best practices quoted by builders: A home lasts for generations; thus, the quality of the home must be top-notch. We suggest you go beyond the specifications and assign a monetary value to the best quality practices you find among the builders. If the quality lacks, you will see the impact of bad quality once you start living However, Prithu ensures that we deliver high-quality homes to our clients. To know more about what makes a home built by Prithu different, please click here.
Compare the move-in date provided by the two builders and factor in the extra rent too: You wouldn’t want to endlessly live in a rented apartment until your home is built, right? So, seek out builders who provide you with a pre-defined timeline and finalized date of delivery so that you are saved from the extra rent and the hassle of living in a rented space. So, ensure that you don’t fall into the trap of lesser price quotations where you don’t know the date by which you’ll get your dream home delivered. Fortunately, Prithu provides the clients with a fixed move-in date while the agreement is made. Additionally and most importantly, Prithu pays a penalty charge in case of delay.
Assign a value to the trustworthiness of the builder to save yourself from legal, financial, and emotional hassles: According to an article published by the Times of India, 45% of the cases in consumer forum are against builders. Signing a turnkey agreement is significant. However, it won’t give you 100% security that the builder will meet all his promises. Thus, do your market research and select a builder who you think is professionally qualified and has good market goodwill. Additionally, we suggest you always speak to two previous clients of the builders.
Assign a value to the warranty provided by builders before comparing: Not all builders provide you with a warranty for the house they construct. However, on the other hand, Prithu Homes provide up to a 10-year warranty for its all projects. Thus, the clients should also assign a monetary value to the warranty.
Assign a monetary value to your time: Your time is most precious. You wouldn’t want to waste it checking up on the progress of the home construction thrice a day. Thus, you should go for a builder who values your time and provides a completely hassle-free home-building experience. For instance, if you go with Prithu, you wouldn’t need to coordinate with multiple people as Prithu is an end-to-end construction company. Additionally, we have the Prithu App through which clients can communicate with us without any lags.
We hope that this analysis would help you to select the best builder for you. Additionally, we also hope that now you understand that a lesser price quotation in the initial stage of home construction may not be the deciding factor as many other aspects mentioned above play a significant role in the long run.
We understand that comparing quotes can be challenging for plot owners considering the technicalities that a common man may not understand thoroughly. Thus, to save you from trouble, we also offer a “free quote comparison” service. So, you can bring different quotes to us and we will do a free-of-cost comparison for you. To know more about the service, please click here to see our sample comparison. This comparison presents a detailed analysis of how the difference between Prithu’s quote of 1.99 cr and other builders' quotes of Rs.1.8 cr. cr are approximate.
Today, we are the largest builders of villas and floors in the Delhi NCR market. This could not have been possible if our prices are not competitive and justified. We believe that if a proper technical quote comparison is done, you will be able to see that transparently. Hence, we are offering a Price Challenge. If you get a better quote on an apple-to-apple basis, we will give you Rs. 1,00,000.