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 New house owners confusions !, WHAT TO DO ? SO CONFUSED

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bhtan
post Jun 14 2011, 10:14 AM

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QUOTE(ezonemy @ Jun 14 2011, 10:38 AM)
Hi to all. Im a new house owner. My house is 20x65 2.5sty in puchong. Well, i will get my house keys soon around 3 months time (i think) now my worries are, is it advisable to buy items as below before getting the keys? a bit scared in view of price gain and financial (dont want to fork out a big lump later) cry.gif

items which will be needed;

a) celling fans ( 8 unit)
b) fridge
c) washing machine
d) down lights (not sure how many unit) - can buy this later once the hired the plaster celling contractor
e) sofa
f) bed and matteress
g) kitchen items - hood, hob, sink n other fittings (well found LYN forumer Zheilwane, most probable will look for him on this items)
h) kitchen cabinet - noted can be booked earlier with out getting house keys rclxms.gif
Planned renovation - kitchen extension (abt 5x20), concrete table, plaster celling in hall, divide wall in car pouch (not sure about the size),grille, wiring and adding electrical points (estimated 30k for all this) sad.gif
Can i book the items listed above now n start to pay for the items in installment so i wont fork out a big sum later. so confused rclxub.gif .

I hope some of the new house owners who just done with renovation could giv some advise on this matters notworthy.gif
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The first step is to determine your budget. Nobody can advise you without knowing your total budget (unless the Rm30k stated is total and not only for renovation budget). I would say that RM30k including renovation and all other new items stated will not be enough. Do note also that the actual will be much higher than the budget. 30% is a good place to start. Mine was 70% over a then considered reasonable and realistic budget.

You need to determine what is essential (must have on Day 1) vs important but can wait vs nice to have. Fans, fridge and washing machines are essential. Sofa can be essential but also can wait if there are cheap temporary option available but that depends on individual. Hood may be can wait but that depends on your wet kitchen location (e.g facing window, etc.). Appliances should be bought as late as possible unless there is a good sale.
bhtan
post Jun 14 2011, 04:19 PM

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Then dont do the extension lor. It is better not to do it than adding your debt level just for renovation. What's the point of having a nice house when the Ah Long are chasing you for money?

BTW, you should have planned for a moving in cost when you bought a house. Of course you can aways build a tent inside your house if no budget was allocated. biggrin.gif
bhtan
post Jun 14 2011, 04:38 PM

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QUOTE(phythia79 @ Jun 14 2011, 05:31 PM)
Just a little advise...when i moved in to my aparment..i didn't do any reno (kitchen) at first as movign in itself needs $$$...I bought the necessary stuff.  After moving in for 2 years..then only i did my kitchen..when I had the $$$ again..so..sometimes..even though it's ideal to do everything at one go..but our financial situation plays an important role too. 

In fact, I'm doing my apartment..bit by bit..the next project would be my built in closet..

You don't need to keep up with the Joneses smile.gif
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Same here. I run my renovation like a project. There is Phase 1, Phase 2 and beyond. That said, there is always a temptation to let scope creeps. My Phase 1 was supposed to be back of house extension for kitchen and a new gym room. But that turn out to also include changing all the switches, aircond, doors, windows, painting for the entire house! rclxub.gif

 

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