QUOTE(Kelvin5717 @ Jun 27 2011, 11:12 PM)
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 ??

In chinese there is a saying "if you don't have big head, don't wear a big hat" or something like that lar. my translation sucks. anyway, you get my point. most of the item you are doing it for the sake of luxury and not necessity. don't have enough money? skip the alarm, auto-gate, kitchen cabinet (why are u in the kitchen btw) and stuff like that. Those stuff you can always add on the next time you have spare cash. looking at your above post, i can see that you even swap your card for furniture so basically it's all "hutang". You'll be the slave for the bank for the next 10 years or so. 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 ??
You case reminds me of my friend, he bought a single storey terrace house and he doesn't have much spare cash to do renovation but he insist to go all the way to install customize shoe rack, tv cabinet, wardrobe, alarm, expensive furniture, 5 freaking aircond! (3 on the rooms, 1 at the hall, 1 at the kitchen) and etc. Ended up emptying his bank account and have to go to the extent borrowing from his mother, few times. Seriously, it's not worth doing
Moving in into a new should be fun and joyful. Not stress and sad
Jul 1 2011, 05:21 PM

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