I'm inexperience for my 1st purchase, need various views and advise from dear forumers.

My case is as below

Me n my partner just bought a new house around Denai Alam, financing 90% loan amount around 560k . My thoughts is whether to do a heavy renovation or to wait until the market price for renovation goes lower. The market is nearly at the peak at this moment for renovation cost. This is a 22X80 house, and the backyard was left quite a piece of land. I wanted to extend my kitchen but I was quoted nearly 30k just for the wet work of extension with roof tiles(not concrete). Total renovation budget is only around 80k+.

Backup budget of around 150k planned to be put into capital repayment for the loan.

Planning to get married in mid-end 2013. So will stay alone in this house after ready until married, wonder should I save the 80k up and dump total 230k (150+80) back serve the loan first and renovate/extend later.

I want to renovate, parents advise not to renovate, as only 2 person stay even after married

Should I proceed for renovation or wait? Pls advise

Can refer below Pic
1. My Backyard
2. Neighbour's Backyard Extended
3. My Kitchen
4. Neighbour's Kitchen Extended
5. Neighbour's Kitchen Extended

Kitchen extended is more than twice the size of the original.

Decided to do Wetwork first.

ANYBODY CAN RECOMMEND ME A WETWORK(only) CONTRACTOR WITH GOOD WORKMANSHIP AND PRICE??

This post has been edited by Kent3888: Feb 27 2012, 11:45 PM


Attached thumbnail(s)

Once you moved everything in and renovate there will be alot trouble isnt it?like dust,dirt

That's 1 of my concern, but I'm moving in alone, so not much things. Whole house will b quite empty though

The wetwork and kitchen cabinet n wardrobe price alone is really crazy.... almost 60k there including basic wiring

This post has been edited by Kent3888: Feb 24 2012, 01:20 AM

my suggestion is
get the foundation extention done example: Extend the kitchen, the table top, wiring ...
than slowly do the rest which will not cause more dust like kitchen cabenet before you marry.,,

I guess your indication of market price high are due to the costing are given by the contractor at that area now? Why not try ask for more quotation?
but then if looking at the area on extention (almost 10 feets or more), guess 30K is normal lol


This post has been edited by Jo_da48: Feb 24 2012, 03:59 AM

If you really want to, do the wet works for your kitchen extension, placement of concrete table, extension of water piping and the finishing for the floor.

This is the messiest and hardest to do while you're living in the house.

i believe inflation and material cost will getting higher unless there are some issues happen that will decrease the inflation and demand...consider now maybe need 60k but few years later u maybe cant get that price...anyway, i also recommend to extend kitchen first..i believe u sure regret in the future if u dont extend the kitchen..

Agree with tiensong.......but when come to inflation and demand=high demand or low demand the price of renovation never cheap or drop from year to year it will only keep raising up just the matter how many % the price raise

+1 it will only rise and wont go down.

Better make it fast rather than late...
Coz wedding already need alot of planning and sure would have some argument...
And if renovate near that time will even make more stress..


p/s: pretty gf u got there

+1. My fren house did the grille for whole double storey link house ard 3k by 4 years ago.
Now, the price for same size & material will cost ard 5k.
Price will only in increase trend.

The only thing that is most costly is cement powder and the price fluctuates..

If u really concerned about the material price then u can survey the price everyday and stock up when its low...That is if u have the time..

My only thoughts on this is not to compare with your neighbor. Family and career planning should be your reasons. Do you see a big family after your wedding? Do you see a career move within 2-5 years?

If you think that this house is enough now, will it be enough 5-10 years from now when you have 1, 2 or 3 kids?

The space provided in this 22x80 is enough for a mid-sized family. Even without extension, your basic renovations + furniture will most likely eat into the 80k already ie. kitchen cabinets, wardrobe, lighting, grills, auto gate (maybe).

For me, there is another reason why I recommend TS to extend the kitchen (if can, extend the first floor as well)...

My reason is, I thought, that will increase your property value as the built up increases...

You may survey two same house, one is normal without extend, and one is extended, see how much their market price..maybe you can treat it as investment also..I thought only...havent survey before...so, maybe i am wrong..

This post has been edited by tiensong: Feb 24 2012, 09:36 AM

Yes, it will increase the property value but do keep in mind you already put $$$ in to do the renovation too...

hahaha...yalor...have to see how many percentage price appreciation in the future...like few years back, my friend bought 300++K, now sell 600++, almost double...like that case, sure can get back all the renovation price..

first of all, prices of renovation doesn't go lower, only upwards.

yes, i agree with others, if you plan2 extend, proceed with the wetworks first, coz it's gonna be messy.

Hard to cari makan now hahaha

Advertise anywhere

Price of reno never comes down, but like everything there are cheap reno and expensive reno. If you try to go too cheap on the reno, you risk getting substandard contractors that might not even finish the job and lari half way, or those that possess inferior workmanship.

It is best advised to do the major reno first, like the hacking of tiles, plaster ceiling, concrete tabletops, aircond ducting with socket beside before you move in. Even if you do not plan on installing new A/C or doing new kitchen cabinets, you can leave the major framework around so when you have the $$ can do right away without the need of major demolition.

Once you move in already it is close to impossible to do this because major work is required and you wouldn't want to come back home everyday to major amount of waste and debris, would you??

Hi Kent,

What others said are right, reno wet work first and reno price will never come down regardless prices of house going down.

There is a big BUT. You have to look at your situation. Why would you want bigger space when you have a 22 x 80 double storey house? It could be anything around 2,000 sq feet built up areas. And msot of all there will be only two of you and near future anohter 2 babies maybe. There are ppl living in apartment with only 800sq ft, some 1,000, some 1,500 for a family. Dont look at your neighbor reno, you will be attracted to it and spend where there is no neccesity.

From a financial angle, put all your money into reducing your housing loan instead. The money for reno that you use to reduce your loan will save you huge amount of interest, it is just like an investment that money grows money though here you reduce the interest charges. If you put that money into reno (unneccessarily) this investment will not grow instead it depreciates and gone forever. The money "poof" just gone into concrete, tiles and no return. And worse you still have to service heavy interest charges at the same time.

Say, after some 10 years you think your house need a facelift and now you have more money after saving the interest and also your own savings you can move out rent a place nearby and reno. The rental will not be much for 6 mths compare to the huge amount of interest saved. Plus the cost of increased reno cost will still nothing compared to the interest saved.

The only thing that will be wasted and cannot be reused could be the kitchen cabinate. All other furniture you should not built-in but buy pieces so that you can reuse after reno or to be given away.

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Added on February 24, 2012, 2:10 pm230K @ BLR (6.6%)+ bank charge (0.5%) = 16,330 a year or 1,360 a mth saving. 10 years = 163,000. This is not taking into consideration of compounded interest. If you dont pay this sum you have to pay even more compounded interest to the bank when paying installment and this is how instalment works. For example you save rm1,360 the first month, if you put this rm1,360 in the bank you gain some rm the next month. On the 2nd month you put rm1360 + rm1360 + the interest earned last mth all into bank, one mth later you gain much more interest and then you put rm1360 x 3 and its interest earned into bank you earn much more and repeat....

This post has been edited by stevie8: Feb 24 2012, 02:18 PM

totally agree with you wet work and kitchen is the main hub for the family.

See attached worksheet the actual calculation and the amount of interest saved over 10 yrs = amount of investment, RM236K.