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> Subsale, buy renovated or basic unit

sturmabeislung
post Sep 12 2018, 10:25 AM, updated 2w ago

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Dear all,

I've currently shortlisted 2 units in the same condo and my only consideration is whether I should pay more for a fully renovated and fully furnished unit.

Basic unit
- Both toilets are in horrible state, need to completely replace all the fittings and tiles
- 6 floors lower than the other
- all 3 rooms need to replace the tiles
- no aircon in the small room
- kitchen close eyes still can use but tiles is ugly as well
- interior need to be repainted
- smaller intermediate unit
- RM70k cheaper

Fully furnished unt
- 73 sq/ft bigger, corner unit
- Fully renovated, new tiles ,but need to repaint and repair the some part of the wall as there are many lubang from previous nails
- Fully renovated toilets with new fittings and tiles
- Furnished with sofa, dining table, beds, wardrobes and aircon for all rooms, but 1 need to be replaced (hall)
- higher floor
- RM70k more than the basic unit

I understand that for every cent you borrow, you would end up paying double the amount when you fully settle the loan due to interest.

My only concern is that renovation is always a risky task as every contractor will charge you more than the initial quotation due to variation of work.

Hope to receive some input here.

Thank you.
gooberhock
post Sep 12 2018, 10:28 AM

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Personally. If I am ok with the renovated units things. I will just buy the renovated unit. To reno yourself , ultimately you will get what u want. But costs may spiral out of control.
icemanfx
post Sep 12 2018, 10:39 AM

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Do you like the renovated unit? Will you improve or renovate further?

sturmabeislung
post Sep 12 2018, 10:40 AM

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QUOTE(gooberhock @ Sep 12 2018, 10:28 AM)
Personally. If I am ok with the renovated units things. I will just buy the renovated unit. To reno yourself , ultimately you will get what u want. But costs may spiral out of control.
*
Yes, I agree with you on the cost part, and also to reno myself I need to fork out cash which I do not have for now. I also notice that renovation nowadays cost a bomb. My cousin renovated her 3 toilets in a terrace house and the quotation is more than RM21k, that is just the quotation.
Aftermaths
post Sep 12 2018, 10:41 AM

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If money is not an issue, pick the renovated unit.

Renovation takes a lot of energy:
- Time
- Probably more than 70k
sturmabeislung
post Sep 12 2018, 10:43 AM

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QUOTE(icemanfx @ Sep 12 2018, 10:39 AM)
Do you like the renovated unit? Will you improve or renovate further?
*
I'm ok with the renovated unit to be honest, the only thing I will do is to patch up some holes in the wall and repaint the entire interior. which I might DIY, That's all. But is it worth RM70k more? That one I'm considering. But ultimately it will save me time and effort and potential nightmares dealing with reno contractor,

This post has been edited by sturmabeislung: Sep 12 2018, 10:43 AM
Aftermaths
post Sep 12 2018, 10:43 AM

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QUOTE(sturmabeislung @ Sep 12 2018, 10:40 AM)
Yes, I agree with you on the cost part, and also to reno myself I need to fork out cash which I do not have for now. I also notice that renovation nowadays cost a bomb. My cousin renovated her 3 toilets in a terrace house and the quotation is more than RM21k, that is just the quotation.
*
Quotation for manpower only.

You haven't include the materials yet, will cost the same or more than manpower cost.
(See what kind of materials & design)
(If use super cheap type will cost probably half of manpower cost)

This post has been edited by Aftermaths: Sep 12 2018, 10:44 AM
cdspins
post Sep 12 2018, 10:45 AM

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70K in price difference but for the fully furnished unit, you don't need to do anything and payment is lump into loan, renovation need cash. I will definitely choose the fully furnished unit if I were you, provided the renovation is in line with my taste or at least I don't hate it and wanted to tear it down

But if you are confident to keep your renovation in less than 40k for the basic unit. Then you can consider it as you will be able to determine the tiles you like, the fittings you want and etc
sturmabeislung
post Sep 12 2018, 10:47 AM

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BTW, this is how the basic unit toilet looks like sweat.gif

Attached Image
sturmabeislung
post Sep 12 2018, 10:48 AM

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QUOTE(cdspins @ Sep 12 2018, 10:45 AM)
70K in price difference but for the fully furnished unit, you don't need to do anything and payment is lump into loan, renovation need cash. I will definitely choose the fully furnished unit if I were you, provided the renovation is in line with my taste or at least I don't hate it and wanted to tear it down

But if you are confident to keep your renovation in less than 40k for the basic unit. Then you can consider it as you will be able to determine the tiles you like, the fittings you want and etc
*
The cash part is pening a bit...
cdspins
post Sep 12 2018, 11:56 AM

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If a cash is a problem, then the best is the unit without renovation
New Klang
post Sep 12 2018, 01:32 PM

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bigger unit is 73sf more, at rm1000psf, extra is rm 73000.

Renovation is foc.


skylee18
post Sep 12 2018, 01:39 PM

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QUOTE(sturmabeislung @ Sep 12 2018, 10:25 AM)
Dear all,

I've currently shortlisted 2 units in the same condo and my only consideration is whether I should pay more for a fully renovated and fully furnished unit.

Basic unit
- Both toilets are in horrible state, need to completely replace all the fittings and tiles
- 6 floors lower than the other
- all 3 rooms need to replace the tiles
- no aircon in the small room
- kitchen close eyes still can use but tiles is ugly as well
- interior need to be repainted
- smaller intermediate unit
- RM70k cheaper

Fully furnished unt
- 73 sq/ft bigger, corner unit
- Fully renovated, new tiles ,but need to repaint and repair the some part of the wall as there are many lubang from previous nails
- Fully renovated toilets with new fittings and tiles
- Furnished with sofa, dining table, beds, wardrobes and aircon for all rooms, but 1 need to be replaced (hall)
- higher floor
- RM70k more than the basic unit

I understand that for every cent you borrow, you would end up paying double the amount when you fully settle the loan due to interest.

My only concern is that renovation is always a risky task as every contractor will charge you more than the initial quotation due to variation of work.

Hope to receive some input here.

Thank you.
*
from what you had written, obviously you had make up your mind
first, you don't have cash to play along with reno so you don't have a choice neither
not much to discuss further then....unless you have cash yet you still in dilemma
sturmabeislung
post Sep 12 2018, 01:41 PM

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QUOTE(New Klang @ Sep 12 2018, 01:32 PM)
bigger unit is 73sf more, at rm1000psf, extra is rm 73000.

Renovation is foc.
*
The above 2 properties are below RM400 per sq/ft only. biggrin.gif
k town shit
post Sep 12 2018, 01:44 PM

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go for the basic one, u reserve the chance for renting it out later, so u wont worry about the tenant going to spoil it anyway because u never spent on the renovation
spend some time to observe how other renovate their basic unit without having the cost spiral out of control.
are u so sure that the renovated unit is comfortable and convenient even after u move in all your furniture?
many house still take in renovation from time to time even they lived in, because as time passed, they will find out the interior is not convenient for their current use, they do minor touch up every 3 to 5 years
brianccg
post Sep 12 2018, 01:46 PM

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if u like the renovated unit then go ahead.

For me, i will take basic unit and re-do the ID
StarPrimo
post Sep 12 2018, 01:57 PM

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QUOTE(sturmabeislung @ Sep 12 2018, 10:25 AM)
Dear all,

I've currently shortlisted 2 units in the same condo and my only consideration is whether I should pay more for a fully renovated and fully furnished unit.

Basic unit
- Both toilets are in horrible state, need to completely replace all the fittings and tiles
- 6 floors lower than the other
- all 3 rooms need to replace the tiles
- no aircon in the small room
- kitchen close eyes still can use but tiles is ugly as well
- interior need to be repainted
- smaller intermediate unit
- RM70k cheaper

Fully furnished unt
- 73 sq/ft bigger, corner unit
- Fully renovated, new tiles ,but need to repaint and repair the some part of the wall as there are many lubang from previous nails
- Fully renovated toilets with new fittings and tiles
- Furnished with sofa, dining table, beds, wardrobes and aircon for all rooms, but 1 need to be replaced (hall)
- higher floor
- RM70k more than the basic unit

I understand that for every cent you borrow, you would end up paying double the amount when you fully settle the loan due to interest.

My only concern is that renovation is always a risky task as every contractor will charge you more than the initial quotation due to variation of work.

Hope to receive some input here.

Thank you.
*
Take the renovated unit if money is not an issue.
More hassle if do your own renovation.

AmeiN
post Sep 12 2018, 02:11 PM

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Haha! same dilemma with you early January this year.

2 units. same floor. 1 fully renovated and furnished. 1 original unit.

differences is 65K, both me and my wife like the renovation by previous owner. So we just choose the renovated unit biggrin.gif

Some pictures found on internet
» Click to show Spoiler - click again to hide... «

New Klang
post Sep 12 2018, 02:11 PM

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From: KL HCM Sin

I will use the money to renovate properly so that I get what I want
tikaram
post Sep 12 2018, 02:17 PM

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QUOTE(sturmabeislung @ Sep 12 2018, 11:25 AM)
Dear all,

I've currently shortlisted 2 units in the same condo and my only consideration is whether I should pay more for a fully renovated and fully furnished unit.

Basic unit
- Both toilets are in horrible state, need to completely replace all the fittings and tiles
- 6 floors lower than the other
- all 3 rooms need to replace the tiles
- no aircon in the small room
- kitchen close eyes still can use but tiles is ugly as well
- interior need to be repainted
- smaller intermediate unit
- RM70k cheaper

Fully furnished unt
- 73 sq/ft bigger, corner unit
- Fully renovated, new tiles ,but need to repaint and repair the some part of the wall as there are many lubang from previous nails
- Fully renovated toilets with new fittings and tiles
- Furnished with sofa, dining table, beds, wardrobes and aircon for all rooms, but 1 need to be replaced (hall)
- higher floor
- RM70k more than the basic unit

I understand that for every cent you borrow, you would end up paying double the amount when you fully settle the loan due to interest.

My only concern is that renovation is always a risky task as every contractor will charge you more than the initial quotation due to variation of work.

Hope to receive some input here.

Thank you.
*
73 sq/ft bigger, corner unit. 73 sq f x 400psf =30k. the renovated only cost 40k more.

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