bangsar?

*

This post has been edited by Vivato: Feb 13 2021, 03:29 AM

balcony no barrier at all?

Ada wang semua on.

Glass

Trying to copy western style but reality is:
- hot as fuck the concrete absorbing the heat from the sun all day
- mosquitos
- need to clean constantly due to rain, pollution

Yes.

Most PBTs will not allow you to extend a full storey.


Yes.


Yes especially if it is a pre80s house and you plan on doing any type of structural work.

Some of these houses also has asbestos in them and yeah definitely a good idea to completely empty out the house prior to commencing renovations.

My Terasek house will probably need some renovation.

I will probably need to start off with the roof tiles as the house was built late 1970s - although there is no roof leaks at the moment, i suspect it will probably leak in another few years. The only thing is i don't know whether i will be living in the house when i get back to KL as my wife prefers her condo in MK. Now a bit scared to go back to KL as Covid cases still a little high in Msia

Replacing the roof does make sense. Best to replace it with an insulated metal deck roof.

There is a big shortage of tenants for high end properties. Therefore it might make better sense to live in the best condition property till the economic situation improves.

Numbers are high but but in a place like Bangsar it is fairly safe.

When i was last went back to KL in Jan 2020, i had the exterior painted and it costed me rm4k just for the front. I was back in KL for 8 weeks then and saw my neighbour's roof being replaced so i asked the contractor for a quote for my roof and he quoted rm25k-rm30k. He indicated that it will last at least 25 years before i need to start worrying again - i am 59 now so it will last me till i am 84 if i were to live in the terrace.

I actually inspected a 2 bedder terrace (cannot remember the address - i think it was 62 Jalan Terasek) around that time and owner wanted rm1.55mil. Owner wanted to migrate to Melb to be with children. The house was well kept but minimal renovation done. I didn't have the money then as i couldn't access my super - i would have bought it now if i saw something like that again but then my friends and relatives are asking me not to move money back to Msia (unless it is for my own daily expenses). I am now in two minds what to do .

This post has been edited by Garysydney: Feb 13 2021, 05:36 AM

I would definitely refrain from sending money here unless you were planning on spending it immediately.

No hurry I suppose for you? Anyway personally with the way the world economic climate is I would certainly put off retirement unless it is a semi retirement.

Yes roofing works are not cheap and with any old houses the electrical and plumbing system would need to be updated as well.

Sometimes the purpose is to wash money one

Can't spend on actual new property cos lhdn sure pick up, but rather spend on upgrade existing house and interior

One does not wash money by making it go away.

Legal approved renovation?

I was given a very good golden handshake to retire after being in the same organisation for 30+ years. I have been hoping to retire sometime early this year so the timing was very good. Now I just need to find things to do - I probably have enough money to live off until I conk off. My wife also has her own retirement assets and we have no kids so we don't have to leave anything to anyone.

Now my goal is to find interesting things to do. I find i have become very kedukut lately because now I have to rely on passive income to live on. She keeps saying my assets will be worth more when I conk than now - I am the typical old chinaman - always very frugal and never want to buy new things.

anything like that will definitely be legally approved as otherwise dbkl would tear it down before you could even finish building it. Quite different from extending the rear of the house or renovations that alter the facade or the house.

Think that is fairly normal, the older one gets the more you start to look for a value proposition before spending away your money.

Both sets of my grandparents were mostly that way, rarely bought anything new and never threw away anything even if it could no longer be used.

These days as I am about to hit that 40 I do realise that I have become much stingier and prefer to make the money stretch a lot more than just 5 years ago even though I do earn more now than I did 5 years ago.

Alas I doubt I could completely be like my grandparents as the realities of today’s society’s and economy is nothing is made to last and everything is designed to be replaced in a much shorter life cycle.

I think we become frugal due more to insecurity more than anything else. Also Covid has made life a lot more difficult - i am worried about my future investment returns more than anything else!! Most people think with a few million ringgit upon retirement (60 years old) in investments, life is a bed of roses. I am now at that stage now and i am a bit fearful how my future years will turn out. My investments are all moderately balanced (60% risky assets and 40% less risky assets) now - i was invested 100% high risk before the pandemic and one of my superfund dropped 35% in March 2020 (luckily it was my smaller superfund as i have two superfunds). I was shitting in my pants!! I dropped everything to conservative for 2 months (both my superfunds) and lost out a lot as the market rebounded in April/May last year - big mistake on my part. I lost more than A$250 at my lowest point last year March. I have moved all my investment into a balanced position now so i am quite comfortable if there is a market crash again. I used to be very gung-ho and love taking risks before last year's market crash .

Like the placement of the grill. It make the house uncluttered.

but lost few feet to create the buffer.

Lost A$250 or A$250k?

Sorry - left out the k. Thanks. A$250k.