How did you pay for your HDB home renovation?
Im planning to purchase a 4 room resale flat and do a simple renovation, essentially the kitchen, bathrooms, build in wardrobe for the MBR and tilings.
I’ve learnt that the average renovation costs (excluding furnitures) for a 4 room resale would be ~$50k. Unless you inherited wealth from your predecessors, how on earth do you afford to pay $50k reno (especially for young adults)?
It would take me and my partner years to save that amt, considering we also have our own financial commitments.
How did you pay for your renovation? Did you apply for a reno loan, did you pay half by cash and remaining amt by an interest free reno loan, or did you pay everything by cash?
Here are what netizens think:
- depends on when you’re getting your HDB. me and my partner saved for almost 11 years in order to afford our current hdb + reno … we are both in our early 30s
- of course if you guys are getting it around 25 there will be less spare money to play around with.
- don’t be fooled with all those 100k+ reno, those people probably either high earner or their second house alrd
- It’s the carpentry that is costly. If you want to shave off abit off the reno, I would suggest to focus reno only on the essentials, which is kitchen and toilet. Maybe a wardrobe in the MBR. Spend the rest on loose furniture.
- Buying furniture, especially from IKEA, instead of floor to ceiling shelves and storage can be alot cheaper. Quality and design has gotten better over the years, but always keep ikea surfaces dry as they bloat with water damage easily.
- Live in for a few years and decide if you really need customised shelving in the living room.
- Yes to IKEA! The Billy Oxberg and Ivar series can be great for floor to ceiling shelves while looking modern. Besta series is great for tv console, shoe cabinet etc too. It’s about choosing a good combination of doors and legs. The Kyrre stools look very stylish and can be used as side tables too. It has a designer vibe to it IMO. Nordiska bedside table looks quite trendy and is so much cheaper at $99. I can’t believe bedside tables elsewhere cost $200-300