Hi folks - apologies if this is not the correct forum if so please redirect me.
Granted I am possibly well out of touch with construction costs but my wife and I have received 75% of tender responses and nearly dropped dead at the costs that have come back. We're doing a deep retrofit of an old 4 bed detached house and extending to the side, taking it from 149sqm to 200sqm.
It's a complete gut job and we've specified a high spec (solar PV, NILAN heat recovery system, good airtightness etc.) but we're talking a 200sqm job just. Not massive. The tender responses thus far are coming in between €440k and €550k
Have construction and material costs really gone that crazy? We were thinking maybe €280 to €300k given the high spec. Were we dreaming?