May 4 2021, 08:32 PM
QUOTE(DragonReine @ May 4 2021, 03:33 PM)
General recommendation is to not spend more than 10% of the property price on renovation, unless you're rich and this is going to be your forever home/holding it for at least twenty years.
Consider your cash flow also, if your budget is limited it's best to do it piece by piece instead of spending it in one go and/or taking too much debt. Again, if you're rich, this won't be an issue.
Also, if it is a newly constructed house, certain renovation might cause you to be unable to claim for defects from construction company under defect liability period.
Consider your cash flow also, if your budget is limited it's best to do it piece by piece instead of spending it in one go and/or taking too much debt. Again, if you're rich, this won't be an issue.
Also, if it is a newly constructed house, certain renovation might cause you to be unable to claim for defects from construction company under defect liability period.
QUOTE(nexona88 @ May 4 2021, 08:28 PM)
10% is generally the standard... If got $$, more also non issues...
Just that, u don't overspend...
Because many actually does that.... Many people faced this issues... Focus, buy whatever needed only...
Hi there, during this pandemic it is amazing how the price of electrical appliances and raw materials gone up. Even customized furniture price gone up, aluminum too. Unless your house is 7 digit, 10% can hardly do anything to be honest. Very basic renovation with no hacking etc. If include electrical appliances, bed etc, very hard to keep it within 10%.Just that, u don't overspend...
Because many actually does that.... Many people faced this issues... Focus, buy whatever needed only...
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