ASKING SEAN #067 | RENOVATION COST BURNT & MALAYSIAN CULTURE

In this episode, we will answer a question regarding relocation back to the city after finding it inconvenient staying in the suburbs.  The challenge here is to sell her property at a price including the initial renovation. Unfortunately, renovation cost are not commonly recognised by banks and they cannot be added into the value of the house entirely. Also, the probability of finding a buyer that likes your renovation, and willing to buy your house at a price higher than your neighbours is really slim.  Hence, I would recommend to temporarily rent a bare unit in KL. A location that is convenient for the entire family. Then move the furniture over here, and furnish the existing home with some affordable ones. After that, rent out the terrace house at fully furnished condition.  This case highlighted several cultural belief of Malaysians towards property:  - Nasi lemak property- Individual terrace house  - Tenants that rent houses are second grade citizens  - Anyone who don't own a house before 30 are losers  Those discussions will be done in another episode=)