1. Usually how people pay for renovation?
Refinance? Mortgage? Withdraw from EPF?

2. How to upgrade from current house(haven't settle loan) to new house?
Buy new house > move to new house > sell old house?
Means have to pay both old and new house in that period?

This post has been edited by deadboy 164: Feb 5 2024, 11:22 PM

1. cash. 20% upon starting (deposit) and keep adding until 100% payment when works finish

2. Yes, as long as you servicing both loans have to pay both. Alternatively you can sell off your house and rent temporarily until your new house received

This post has been edited by Legozz: Feb 5 2024, 11:51 PM

i buy how with fully renovated..
donno this part

I self renovated most stuff in my rumaweep. Only had to pay cash for grille and big lorry. Everything else put on credit card.

1. Means you save money first then renovate? Did you borrow money? and how much was your reno fee?

thanks for sharing

Renovation is always in cash, if you ask for advice, everyone will tell you not to borrow money for renovation unless it’s 0 interest. That’s why you see a lot houses renovate half way stop, because cash flow problem.

Currently renovating my house, expect to spend 300k but also based on all the peoples experience. Only very minimal of people manage to keep their renovation within initial budget.

So you save 300k in cash first then only start renovation?
Thanks for sharing

I played with 0% Flexipay, 0%Balance Transfer and 0%Cash Advance. I have the cash to cover the renovation which for me is 45k. But I choose to leverage it to gain some buffer for any issues, gain interest from money market and wait for my paycheck to support my debt.
Very risky but it's still within my tolerance as I am meticulous enough to make sure that I don't pay a single cent in interest.

How do you do the built in cabinet? The carpenter charge like 50% on top of those wardrobe that you can find in sg buloh

or just buy standalone cabinet which is cheaper?

One more example is the wall mount tv rack, this is jow the shop installer will install, see all the wire dangling?

Which bank offers 0% balance transfers?

Refer to the balance transfer threads to get the info https://forum.lowyat.net/topic/3918057

1. Built in cabinet I had just 8ft to cover.
So I designed it using Ikea's online kitchen tool - I can't find the online METOD planner now in 2024 though. Maybe have to drop by the store. Installation maybe +1k more. I DIY myself.

Standalone module like ENHET is cheaper but less customisation.

2. Cable management is on user end. Zip ties/velcro strips u can use to hide the cable.

This post has been edited by ceo684: Feb 11 2024, 04:58 PM