I don't know really, it seriously depends on my budget. But.. I'd say below RM80k or so? Aniwez, I have no idea what's the cost of renovating a home is. Lolz!
Well, I prefer to buy newly developed semi-furnished high-end condo, so that I don't have to worry about renovation. But if I can do some touch-up such as installing nice wallpaper and slight touch of ID, that would be nice. So I would say, I am willing to spend about RM50k? Well, that's if it's for my own stay. If it's to rent out, I guess about RM10 - 20k? Not sure if that's an acceptable. I am a bit cheap skate. LOL!
I would usually aim for an unfurnished undervalued property which is lower than market price, so that I can use that extra money to nicely do up my new house with amazing interior design. So, I don't mind spending about RM100k on interior designing and renovation.
A nice simple cosy classy interior design like this would be nice. I want to come home to this everyday :)
Hmmm, I don't think I'll buy a subsale house that needs to be renovated, because in the end I will be spending so much more. I rather buy new properties, at least I know it's in good condition or at least unused. Then I just spend the money to furnish the house with like a nice sofa set, TV, etc. I think I am willing to spend about RM20 - 40k to furnish the house.
My budget for my future home will be at least 100k because i want my home to be a smart home ! make everything automate possible and running with self-code software application :)
hey @KHT, not sure it helps, check out this website, http://www.houzz.com/ popular famous interior housing design site, maybe you can get some inspiration within your budget with nice design ! Hmm, for contractor, cant help u >.<Picture credit: houzz.com :D
Personally, I would buy a house that is already properly renovated, furnished and ready to live in. Maybe if I don't like how some things are put, I might consider to do some renovation on how I would want it to be. I think that way because renovation costs a lot of money. Not every houses comes with an automate gate and a good security system (cctv camera etc), and I want to invest in these. My budget for this would be around RM 20-30k.
For me, I would prefer to buy a unit that comes fully furnished! There's a new development by Paramount Property in the Paramount Utropolis, Glenmarie. They will be launching a new tower (serviced apartment- freehold) this coming end of July and it's a fully furnished unit. The furniture can be transformed! its like a study table turned to single table which saves space a lot.
@Sophie G12 My God, that's awesomely cool! But first things first, are they actually comfortable?? the bed I mean... and do standard size mattresses fit if we want to change mattresses?? And what happens if the mechanisms spoil, who do we approach to fix them??
And on a side note... with more Mickey Mouse sized apartments these days.. I guess we're gonna need more crazy furniture like these... Imagine how claustrophobic people must feel going into these homes! @_@
And, and, do you have the prices for this place?? and the launch date?? Wouldn't mind going to kepo kepo abit! ;p
Depends if it's for own stay or to rent out. And also depends how big is the property. Own stay, people tend to spend more, since it's for our own daily comfort. So, I would say RM50k - 100k for own stay. If it's to rent out, it is also good to furnish it to provide value to renter, so that you can get a higher rental yield. So, I would say RM20k - 50k for rent out.
My housemate's friend bought a house in Setia Alam early this year. Got the house for about RM800k and spent about RM200k renovation on it. She almost cried when she got the house, reno so exp because they didn't check the condition properly. It was a 3-storey brand new terrace house with no waterproofing or something in the ceiling so the water from the 3rd storey leaked right through the roof. It was just too bad.
Just got a text message from Paramount Property. They're having a property talk by Dr Renesial Leong this coming Saturday on 22nd Aug. I called their office and got more info on the talk. The topic is why properties, why now? seems like an interesting topic to hear considering the economy now. haha. if you guys are interested, faster call to book your seats!
Everything price up, labor + material (thanks to GST to also)
After discussion with my wife we will start with focusing in master bedroom + dry kitchen + basic fundamental stuff (wiring), the rest area (Study corner + TV cabinet), we gonna do it next phase or next year.
Everything with cabinet come later =.=''
I think it would depend on how much I have budgeted for the house in the first place. Say if I have a budget of 600k but bought it at 500k, then I would allocate 100k for renovation. The smaller the gap between actual purchase price and budget price, the lesser the amount allocated then. If over budget then, save money again lah.
At first. Before we even sign the SnP. Make sure the property requires the least renovation. For example, don't count on extending the kitchen to make use of the rear yard area. Or even extending the living room towards the car porch! Please correct me if mistaken, I believe that Strata landed house does not permit any alternation to the external look of the house, including colour and ofcourse any masonry works or extension.
Speaking of which, I have a friend whom I just met a couple of weeks ago, he DIY a lot of his renovation such as building his own partition, wardrobe, etc and it only cost him RM10k. Very impressive, but not many of us have such time and know how.
Some interior design looks really good from pictures and all, but not many of us can afford that. Unless you know exactly what you want and then source for the materials yourself and get a contractor to fix it for you.
Even if it's for investment to rent it out, it's actually a good idea to furnish it so that your unit stands out. Especially with the current market slowdown, lots of owners are having difficulties in renting out or even selling their unit. So by furnishing it will have higher chance to attract tenant or buyer. Because most likely your neighbours are renting out bare unit too. So what makes your unit so special?