wait! have you guys thought of after furnishing the units with the item list and the tenant actually dont want it to be that way...so what will you do with that? look for other tenant?

true f/f have broad appeal due to less units doing that, you wouldn't believe how many ppl are putting in couple of things and call it f/f .. keke

furthermore after the payback period it's your cashcow and perhaps 30-40% of the value still belongs to you upon sale

if looking at returns

assuming a payback period of 4 years
for 10k reno you gotta command rm200 per month above bare unit
taking rm1800 as base for unfurnish units, that would be rm2000 per month
15k = rm300 = rm2100
20k = rm400 = rm2200
25k = rm500 = rm2300

take your pick but theres kinda a psychological barrier at circa rm2200 - rm2300 for studio / small units, so reno cost gotta keep it clean at below 20k if possible, i feel

Sure no problem.

One way we can trim cost is to pool the resources.

If we can gather a few or more like minded owner who wants to furnish their units, we can get better price fr suppliers and contractors. Say 10 units owner can command better price than one alone by using bulk purchase.

How do u think? Any owners want to join group purchase. We can consider organizing one here.

Here bulk...later when renting become competing as all bulk house have same furnishing!!!
Just my tots..

we can do that

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Added on March 30, 2012, 11:02 pmNo, bulk not necessary same pattern / design, same contractor / sifu only

This post has been edited by 1ullaby: Mar 30 2012, 11:02 PM

Hehe, u make some sense too but we should look at the positive sides.

I believe less than 1% of the SOHO owners participate in this forum.

So if we form a group purchase or some sort of alliance, we hv better chances to outdo other investors in term of cost effectiveness and speed of delivery.

If the units can be reno by the same group of contractors means cost saving due to ecomonic of scale and faster delivery due to reduced mobilization and man power planning.

Having lower cost would mean better margins or he/she can choose to maintain margin at more competitve rent.

Faster delivery means the unit can be offered to the market earlier than competitors so better chances to rent out sooner.



This post has been edited by macho dog: Mar 31 2012, 12:01 AM

haha ... 1% is about right

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This post has been edited by macho dog: Mar 31 2012, 12:31 AM

i brought fully furnished unit, wonder what "furnature" will i get @@

I remember the items r quite complete. For 20K, I shd hv opted for FF oso last time. Save the hassle of reno now. U made the right choice.

This post has been edited by macho dog: Mar 31 2012, 02:16 AM

i own stay purpose, not sure if they are giving good quality and nice furniture or not .

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Added on April 1, 2012, 1:53 ammaybe i planing to sell off the fridge, TV, Air-corn 1 unit, washing machine, walldrobe and bed with frame. anyone interested ?

This post has been edited by lk_chin: Apr 1 2012, 01:53 AM

Buyuers of this SOHO When will they get the key?

seem like have to wait few months ...

what was the price range for the units when it was new?

ard RM260K if not mistaken....

i see...thanks for the reply cuz im seeing a lot of ppl selling 360-400k now. good news for ppl who bought it last time

wonder when will they release the VP

the VP will be with the keys together...estimated about june/july time..

hope it wont delay again

I went over and have a look at the place last week. seems risky to stay there. Haha the slope is... You know.