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> Subsale, buy renovated or basic unit

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nexona88
post Sep 12 2018, 02:31 PM

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personally I would pick the basic unit..

reno according to my preferences & taste tongue.gif
TSsturmabeislung
post Sep 12 2018, 02:52 PM

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QUOTE(AmeiN @ Sep 12 2018, 02:11 PM)
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... «

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Which condo was that? biggrin.gif
Quang1819
post Sep 12 2018, 03:32 PM

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If you're okay with the design of renovated unit then just get that instead. Or you can renovate the unrenovated unit within the budget you can afford. It'll take time for sure but at least it's done within your own taste and favour smile.gif
danielisme
post Sep 12 2018, 03:56 PM

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Basic unit
Change to new tile design
SUSAmeiN
post Sep 12 2018, 04:06 PM

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QUOTE(sturmabeislung @ Sep 12 2018, 02:52 PM)
Which condo was that?  biggrin.gif
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not condo pun... flat only.. laugh.gif
Hofmann33
post Sep 12 2018, 04:56 PM

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Furnishing can cost you about 30k at the very least for a 2 bedroom unit that's brand new and unfrunished.

And even more than that if you plan to turn it into an Airbnb. The burden can be quite significant, so if you're not prepared to come out with something close to that, I would suggest taking the reno and furnishing provided with the better unit even though you will end up paying back more over the time frame.

Of course it is truly dependant on your individual circumstances and financial situation but for ease of getting your new unit up and ready for rental.

But if the unit is in quite a bad state and there is need for tiling works and all sorts of other repairs, it might be better.

In this situation though a do feel that 70k is quite a lot more and unless you're very comfortable, having 50k even to do the reno yourself is a hefty amount.

If you can still make a good yield on the property to cover the loan though, I see no issue in taking on the renovated fully furnished unit.

Saves you a lot of time and a lot of trouble.
ehwee
post Sep 12 2018, 10:44 PM

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QUOTE(sturmabeislung @ Sep 12 2018, 10:47 AM)
BTW, this is how the basic unit toilet looks like  sweat.gif

[attachmentid=10017629]
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How about the other renovated bathroom unit, can share images?

Look at this basic unit toilet condition, you will expect quite a good amount of cost from, existing tiles and sanitary demolition, throw away and reapply new tile and sanitary back

As these are expensive renovation works that require days of workers inputs
Yamma
post Sep 12 2018, 10:50 PM

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QUOTE(sturmabeislung @ Sep 12 2018, 01:41 PM)
The above 2 properties are below RM400 per sq/ft only.  biggrin.gif
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QUOTE(tikaram @ Sep 12 2018, 02:17 PM)
73 sq/ft bigger, corner unit. 73 sq f x 400psf =30k.  the renovated  only cost 40k more.
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indeed. reno cost only 40k.

if reno the basic unit, not much can be done.
jhuitan
post Sep 12 2018, 11:47 PM

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QUOTE(Yamma @ Sep 12 2018, 10:50 PM)
indeed. reno cost only 40k.

if reno the basic unit, not much can be done.
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From planning to finish renovation at least 4-6months time, installment+maintenances fee+rental easily can cost more 15-20k..so reno cost only 20k.. less headache with contractor, time/efforts, I prefer the one ready move in conditions
TSsturmabeislung
post Sep 13 2018, 11:45 AM

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QUOTE(ehwee @ Sep 12 2018, 10:44 PM)
How about the other renovated bathroom unit, can share images?

Look at this basic unit toilet condition, you will expect quite a good amount of cost from, existing tiles and sanitary demolition, throw away and reapply new tile and sanitary back

As these are expensive renovation works that require days of workers inputs
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brows.gif

This post has been edited by sturmabeislung: Sep 15 2018, 04:47 PM
MeToo
post Sep 13 2018, 11:49 AM

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QUOTE(sturmabeislung @ Sep 12 2018, 10:43 AM)
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,
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get a contractor to see the bare unit.

Ask him for a quotation on renovation.

Then you can roughly see if its worth 70k..
Maxccy
post Sep 13 2018, 12:00 PM

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If what u mentioned is that u have cash problem while your selection is base on the following:-

Renovated - Cost RM 70k more which can be park under your loan
Bare Unit - Cost RM 70k less which you need to fork out cash in hand to do reno/ID

Ofcos go for Renovated if no cash in hand to do any reno work or DIY work.

Because that amount incurred into your loan you will not get hurt so much...ofcos in long run you will be paying more than the selling price. But that's the world it is today..cant pay full..pay loan installment monthly then slowly work your way to get more money in future.
ehwee
post Sep 13 2018, 08:42 PM

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QUOTE(sturmabeislung @ Sep 13 2018, 11:45 AM)
Attached Image   brows.gif
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Bro, this renovated unit definitely have much better bathroom which will cause less headache to you.

If you ok with the wall tile colour and design, then it's easier just adding new plaster ceiling, downlights and may be simple mirror wall cabinet to make it feel differently.

If you actually not like the wall tile then can consider getting the bare up unit, since you going to hack the tile wat.

But if thinking to hack the tile, do make sure the contractor doing proper water proofing.

This post has been edited by ehwee: Sep 13 2018, 08:43 PM
ehwee
post Sep 13 2018, 08:45 PM

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One more thing, since the renovated unit is corner unit and 73 sq/ft bigger, will it has better house layout and better views from windows right?
Syahrim Naim
post Sep 13 2018, 10:04 PM

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For own-stay, renovated looks like it.
TSsturmabeislung
post Sep 14 2018, 08:26 PM

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QUOTE(ehwee @ Sep 13 2018, 08:45 PM)
One more thing, since the renovated unit is corner unit and 73 sq/ft bigger, will it has better house layout and better views from windows right?
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Yes definitely better view, all 3 rooms has windows looking out. Whereas the small unit the small room windows is looking at the corridor.
corleone74
post Sep 14 2018, 08:31 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.
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get the more expensive better unit

you're welcome
corleone74
post Sep 14 2018, 08:34 PM

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QUOTE(sturmabeislung @ Sep 12 2018, 10:43 AM)
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,
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but it's bigger. and higher floor. and corner unit. overall from your description its a better unit (exclude the renovation).

meaning to say, it's not the exact same layout same unit type on the same floor with same facing. then you can say yes the reno costing you extra 70k.




corleone74
post Sep 14 2018, 09:26 PM

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QUOTE(tikaram @ Sep 12 2018, 02:17 PM)
73 sq/ft bigger, corner unit. 73 sq f x 400psf =30k.  the renovated  only cost 40k more.
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naaah.

73 sft x 400 psf = 30k. ya, betul.

but .. corner unit.. no one disturb.. privacy.. window all face out.. worth at least 20k more (better facing, view, layout )

6 floor higher.. x 3k/floor = 18k.

total 68k.

owner asking extra 70k.

so owner basically pricing reno as foc.



(all this is assuming that unit not facing elevated highway, or facing refuse collection or some negative thing.)

This post has been edited by corleone74: Sep 14 2018, 09:27 PM
TSsturmabeislung
post Sep 15 2018, 02:08 PM

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Bloody hell the owner suddenly wanna increase the price. Forget about it lah.

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