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Renovations 30+ old Sri Gombak house without CF

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Endless_tale
post Jul 5 2023, 08:36 AM

On my way
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586 posts

Joined: Jul 2015


QUOTE(kinwah123 @ Jun 25 2023, 02:40 PM)
I am planning to buy a 30+ old Sri Gombak landed property.
The previous owner can provide SPA and Geran.
But they did not get the latest CF after they renovated the house.

If you are in my shoe, will you proceed with the deal?

I have been provided with many opinion:
1. It is alright to have no CF since it will not affect the evaluation price
2. The whole taman is 30+ years and if the gov really want cari pasal, many already kena. But to date, nothing happen
3. CF is a must else don't buy
4. CF is expensive due to need find architect and runner to settle everything
5. The project happen 30+ years ago and the concept of CF for renovated is not sure exist already or not

Given this kind of scenario, does anyone know how to get a CF for the renovated property? And how much will it cost?
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When u purchased it and your end financier will need the valuation report. the valuation company will investigate and will state the CF is exist or not (confirmed have CF). normally have and everything stated in the valuation report and will show the market value during past 12 months nearby ur house area. no worry about this as long as follow the renovation guideline and get approval. everything will be fine.

This post has been edited by Endless_tale: Jul 5 2023, 08:38 AM
Endless_tale
post Jul 5 2023, 10:27 AM

On my way
****
Senior Member
586 posts

Joined: Jul 2015


QUOTE(Endless_tale @ Jul 5 2023, 09:36 AM)
this link may help u to solved your issue. As i know, a property without CF, your end financier wont even consider to give u loan and definitely the authority will kacau. https://forum.lowyat.net/topic/2032603
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