Renovation Estimate Template (Free)

Renovation contractors send an estimate or bid after a site walkthrough and before signing a contract. Homeowners usually collect two or three bids and compare total price, scope, timeline, and how allowances for materials are handled, so the quote needs to be clear about what is and is not included.

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When to use estimates: Use estimates to provide project quotes and get client approval before starting work. Once approved, convert your estimate to an invoice with one click to collect payment.

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Amount: $0.00
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Invoice_1001_Client_2026-10-14.pdf

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INVOICE

#1001
$0.00
Due:

From

Your Business Name

Bill To

Client Name
Invoice Date
Due Date
Description
Qty
Rate
Amount
Description
1
$0.00
$0.00
Subtotal:$0.00
Total:$0.00

Terms & Conditions

Payment is due within 30 days of invoice date.

What to include in your Renovation quote

  • Detailed scope of work by phase

    Spelling out demo, rough-in, drywall, tile, trim, and paint prevents assumptions about what is included.

  • Material allowances and who selects them

    If the price assumes a $4 per sq ft tile allowance and the client picks $15 tile, the overage should be clearly the client's cost.

  • Exclusions and unknown conditions

    Mold, rot, asbestos, lead paint, old wiring, and structural surprises are common; stating how they are handled avoids disputes.

  • Permits, inspections, and who pulls them

    Permit costs and responsibility vary, and delays in inspection affect the timeline.

  • Subcontractors included and their trades

    Clients need to know whether electrical, plumbing, and HVAC are covered or priced separately.

  • Start date, duration, and payment schedule

    Sets expectations for timing and shows when draws are due.

  • Change order process and quote validity period

    Material and labor prices move, so state how long the price is good and how changes are approved.

Renovation rates to quote from

ServicePricedTypical range
General renovation labor (lead carpenter)per hour$60-120
Helper or laborerper hour$35-65
Bathroom remodel (full, mid-range)flat fee$12,000-35,000
Kitchen remodel (mid-range, labor and materials)flat fee$25,000-75,000
Interior demolition and haul-awayper sq ft$2-8
Drywall install and finishper sq ft$2-4
Tile installation (labor only)per sq ft$8-20
Dumpster rental and disposalper load$400-900

Typical US ranges. Rates vary by region, experience, and job size.

Pricing your quotes

Price from a takeoff, not a square foot rule

Measure the work, list materials, estimate labor hours by trade, and add subs, permits, disposal, and overhead. Square foot figures are only a sanity check.

Build in a contingency

Many renovators add 10-15 percent for older homes, either in the price or as a separate line the client approves, because hidden conditions are likely.

Include overhead and profit explicitly in your math

Insurance, vehicle costs, tools, and unpaid estimating time need to be covered. Many small contractors aim for 10-20 percent profit on top of overhead.

Offer options for big-ticket choices

Showing a base scope with priced alternatives, such as stock versus semi-custom cabinets, helps clients compare you to other bids on equal terms.

Renovation estimate FAQ

Should I charge for estimates?

Many contractors give free estimates for straightforward jobs, but charge a design or planning fee for complex remodels, often credited toward the contract if the client signs. State this up front.

How long should an estimate be valid?

Typically 15-30 days. Material prices and your schedule change, so put an expiration date on the quote.

Is an estimate binding?

It depends on the wording and local law. A fixed bid usually becomes binding once signed, while an estimate may allow for adjustments. Label it clearly as a fixed price or a non-binding estimate.

How detailed should my quote be?

Detailed enough that the client could compare it line by line with another bid. List phases, allowances, inclusions, and exclusions, but you do not always need to show your markup on every line.

Job done and ready to bill?

Use the Renovation invoice template to bill the client, or convert this estimate once it's approved.

Renovation invoice template

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