HVAC Quotes - Inflated or Expected?

[Account Closed]

Good morning friends!

I have a home where I am replacing the HVAC system and quotes are all over the place! I've received quotes as high as $26k and as low as $12k and it's really hard to gauge which is most accurate. In reading J Scott's Book on Estimating Rehab Costs, even the upper end of a new system is listed around $8k. Between that and the fact that the house is only 1,200 sqft, I'm skeptical of even the $12k bid. Greensboro isn't even an expensive market either! 

Is there a different approach I should be taking for gathering bids for HVAC? Are these inflated prices the new norm after this extreme inflationary period? Curious to see if I am doing something wrong or if I should rearrange expectations for HVAC.

[Nicholas Valente]

@Kegan B.

There are a lot of factors that go into it. You have to ask more questions to understand the scope of work in each quote. Be more clear on your goals and expectations. If you say “this is for my tenant I want it done as cheap as possible”. You will weed out the contractors who are not looking for that type of work right off the bat.

FYI for anyone that sees this comment

The new regulations on HVAC equipment moving forward is going to add a lot of money to the cost of your jobs. All remaining pre 2023 inventory will still be allowed for installation until they are all gone. I’ve been told there is a 8% inflation increase on pre 2023 equipment this January from my supplier.

You can always DM if you have more specific questions