Hi guys, actually i have allocate some a budget for my renovation project however due to the fact that i do not knnow anything about renovation which now i learn much more in the forum i found out that my budget was slightly low than the things i wanna do.. it's like around 30% higher then my budget..

my friend told me to source for loan which there is reno loan by OCBC bank given blr -0%, i'm not sure if this is a wise move.. i'm in dilema of the below...


A. Cut out some part of the work that is not so necessary and also some thing to be postone like KC or porch reno (inclde the awrning, gate and bla bla bla) and do it in later days when is financial fit (6months or so )

B. Just go take a loan, 1 time kasi all habis and move in happily however borne my self to few years of struggling paying off house installment, car installament, cc easy payment for furniture and now the reno loan

which mostly those done reno or have experience to advice if that would be a wise mmove to take a reno loan ? or does anyone really rely on reno loan ??

banyak sudah beli sendiri lol, tiles, WC, Door, Window, Grill

Ya this is what i think also, actually i have excluded fittings means i will only buy bed and ac with a fridge that's all, my tv set, sofa and the rest come later but budget still escalating like mad cow

my friend tell me, work so stress up d come back wanna c a nice and comfy house, if not come back see patching here and there lagi stress

Ya maybe porch wanna turn a side first but if house reno nice nice but porch area lagi the normal gate like want to drop like tat dunno can tahan long or not hahaha

u sure take fast cash for CC ? i think that would be the worst interest over 10%

only painting can DIY, what else can DIY ? (not furniture) reno thing how to DIY ?

yes i did source a lots of quotation, the ranging from highest to lowest is about 10k difference however i also afraid to take lowest cox scare quality problem later pening + mostly contractor terms i also dun understand then the pricing if itemized sure takde 1 is lowest for all, some is this higher but another thing lower then others

yalo i also scare suddenly ask me withdraw cash from CC

Ya i know, however i take loan from allianz they dun have this loan, then source for OCBC Reno Loan which is BLR - 0%, if i borrow from them is different la

Ya i plannign to postpone the car porch for worst situation, it would mostly save 10k + for porch (Gate, Auto Gate, Bell, Armour Cable, Porch tilling, Rebuild wall with mail box)

but 30% is more than 10k + kitchen cabinet got idea can make later ? cox some advice me that if KC come later problem will occur as contractor dunno where to set up the point (M&E works) and the piping thing.. any idea is this ? this will further save close to 10k

ya will withdraw but actually was working only for 3 years and starting pay very suck so manage to withdraw 8k only dunno can use for what purpose hahaha maybe buy aircond and fan finish d lol ah long for sure is a no no credit card u mean easy pay or cash withdrawer ? for sure i wont use cash withdrawer but plan to use easy pay for my tv, sofa and the rest..

can, once u borrow loan, ask ur lawyer to prepare u the document can last for 3 years meaning if i dun withdraw now and 3 years later only withdraw i can take more money still for other purpose as long as u tell them is to off set the bank loan they wont care d

correct

anyone care to share more advice ? if i wanna prioritize my job, then what can be delay other then the porch area ?? Kitchen cabinet can ma ?? hahaha

What the... Seriously 5k

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Added on July 3, 2011, 10:34 pmtalk to my uncle yesterday, he actually advice me to go for bank reno loan, take 10 years also nevermind as it could be pay up earlier if financialy capable that time, as per him he done his house reno, he experience doing things in stages as specially once he move in.. more hassle and unconfortable also according to him he end up paying more by doing stages renovation...

example he said he did not change all bathroom door, by times 1 years plus the wooden door bottom rosak d, then he change new plastic / alluminuim door i forget d.. but the wall surrounding the door is damage hence need to get ppl come touch up occur extra cost and then he do kitchen cabinet after a year.. so many habuk flying around the house sitted at the sofa and here there, come back everyday cough non stop, he did complete his car porch but he told me dun do car porch at later stages, as u move in when they do car porch, meaning u dun have a front door to secure your self as it make took weeks to complete hence ur door is wide open for theif and buglar

as per this thread 90% advice me not into extra loan and cut item or do on later stage, but a few friend / family tell me go ahead some even say where got ppl reno use saving cash ? cox he said after purchase house D/p + lawyer fees where got extra cash for reno, he say nowdays mostly all go for bank reno loan, is this true ? sigh pening la this thing..

This post has been edited by Kelvin5717: Jul 3 2011, 10:34 PM

HAHAHA i also dunno, so far car is cash therefore i seldom hutang ppl or bank dunno the stress level can go up to where but i did stay before at a low cost rented flat and the experience is disaster hahaha i move out after 1 month lol

rent out can earn how much ? hahaha double story tak laku 1 la the most 1k per month, my condo rental is 800 lol after minus left 200 dunno save until when...

hmm i plan to tell contractor like this.. i pay them 1k as earnest payment, then i seperated things into few stages as below;

Kitchen: complete all extension and relocating of ground floor toilet with table top and all flooring tile = then pay as per quotation itemized
Living : complete all tiling and staircase work = then pay
plumbing & eletricity : all point done = then pay
plaster ceiling : all done then pay

izzit ok to suggest like this to the contractor ?

ya hahaha i rethink few days d i think i will go with NO-SLAVERY-FOR-BANK right now hahaha i will work within my budget and also got a soft loan from my brother for extra 10k, even thou my budget is escalate to 30k therefore i will cut 20k works.. need to work on my home works

hahaha actually i think the same, but i think KC can wait kot hmm
my car battery just kaput last sunday.. extra 200 sigh

+ 1

ID = Interior Designer ? cost lagi banyak ?

ya but my wet works, electrical, plumbing, plaster, tile already exceed budget hahah that is my problem ~ now door also expensive

need to change toilet door, bi-fold alu door = RM330.00 x 5 untis
Autogate = 6k
Autogate machine = 1.5k
Safety door front = 3.8k
Safety door back = 3.5k

i going crazy with this number


hmm true will do, just that normal thinking when it involve ID it's usually 10% higher as per discusion with other lowyat members ^^

ya it's Janus brand, saw 2 of their shop 1 at mahkota cheras and 1 at puchong both same price

alu bi-fold not glass i got quot Rm330 each include installation, not sure if it's a good price or not

Hmm, my original door is for a small door, if i dun change the auto gate i shall remain it the same (1 car entrances) but when the time i need to do the autogate then i need to break the pillar and make it wider, that time at least 3 - 1 week my house takde door ? macam mana

how bout pillar ? also 1 big problem now already bleeding like monkey ~

Alarm system also cost 6k, 3k plus for 1 x dome + 2 IR, 3k plus for alarm system... by the way is this cctv require ? thought just give the normal alarm saja

Chun ! i like the feeling of "every month got new stuffs to loo ak" hahhahaa i already forgo Kitchen Cabinet, Tv Cabinet, Build in wardrobe and featured wall... but still bleeding

mana boleh dapat Rm280.00 ? tak jumpa le ? got contact / address ??