Pai kor, how much do u spend on yr reno ? And how to decide how much to spend so not to overspend ? Share share ..

Chief.........for rental props....the yardstick I used to determine if I should rent bare or f/f :

1. Furnishing and reno cost does not exceed 8% of prop values.

2. Incremental cost from f/f a unit can be recovered within 2 years.

@Ruben, sure just buzz me if you need help. You better quickly come and see my unit 1st...........might finalize my tenancy within this week...........

which group of tenant is in your blacklist?

I will BLACKlist those in my unwanted list no matter what price they offer me either 2.8K or 3.8K...
Better get less than getting more hassle.

Money is not the king but without money susah juga...hahahaha

Some pics taken sometime back by a fren for TS.......... not many condo's in KL has this much facilities ........ at such low maintenance fees.


http://www.propertywtf.com.my/post7228.html#p7228


Enjoy

facilities any condo have.
unless eg newer condo not much land.

but the owner unit is awesome..

Nice photography shot who is the photographer
A good photographer can turn something ugly into a beautiful shot .. well done ..
thanks for sharing Pai ..

That may not last very long... definitely not after JMB is formed

Thanks for the info above. On point 2, do you have a yardstick as well for recovery of reno cost?

PM u already to check out your unit

Hmmm... Global kor, cannot mention here, otherwise I might be charged by racist.. haha

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Added on October 20, 2011, 4:45 amSifu, nice photos, thanks. My overseas guests love the gym room very much, they said hardly see such a big gym facilities. Besides, your showroom decoration very nice too, me and my guests like it so much, well done. You should setup a reception office downstairs, hehe

This post has been edited by froglai88: Oct 20 2011, 04:46 AM

So long as approx RM0.25 think its a reasonable ask.................lets not do a YTL and start charging Rm0.38psf............

Thanks2. Wah.. ur stricter than an akauntan, depreciate yr furniture over 2 yrs. Btw, is it using 8% of purchase price or current market value ?

yes.....as mentioned previously...........if the cummulative incremental rental gained from f/f can be recovered within 2 years..........IMHO its a go........

Looking at today rental rates.........it makes sense to at least p/f or f/f TS.............as cost can be recovered within 2 years. This is assuming rentals dont increase in the next 2 years...........which is highly unlikely

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Added on October 20, 2011, 10:56 amThanks for the compliments

Yup TS's gym is really huge n awesome .............. biggest I've ever seen in a condo.........and the 4 steam room + basketball court sets its apart VS the competition

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Added on October 20, 2011, 10:56 amMust be strict else rugi wor...........8% VS today's value........

This post has been edited by Pai: Oct 20 2011, 10:56 AM

Pai kor kor, u sounded very expert in prop la. Got time for tea boh. Wanna learn sthg fr u. Especially when de next few yrs r quite uncertain even thou I stil confident in prop market.

wanna join oso...

Manutd n potenza, why not u 2 organize a teh session.......will try to attend n bring 1 or 2 taikors to join us?

Remember to let me know so I would like to join too, poor chaps like us need some gurus guidance on how to invest from scratch.

By the way Pai, is that photo of yours?

that is Tony Fernandez bro.........

.......im not that old *lol*

bro..seriously, dont u recognize that face? i think he's famous enough in malaysia..

LOL...I recognise that photo just that kidding with our taikor here.

seriously, would be interested to join any good session here so to hear more fm our taikors here on their property investment point of view. Good to learn on how people judge on the potential of the properties rather than joining the crowd or BBB mode.