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Will exterior and interior renovation/extension of a house (renovation cost approximately RM200k-250k in 4 years back) increase the value of property?
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2 Answers

<en>David</en> <en>Wong Lai Kwong</en>
CK,
Yes it will definitely enhance the value of your house compared to a basic house. Other factors like specific location, condition economic situation etc will also influence the pricing. What is subjective is that how much will a buyer pay extra for the renovation costs put in by you 4 years ago. Sometimes 50% of the costs is used. The check and balance is to also compare with other renovated houses for sale in your locality. If you are planning to sell your house, please do call me at 019-3330573  or 03-77289108 QUANTUM real estate. Thank you. Maklumat lanjut
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  • CT
    Thanks for your advice. I'm planning to buy instead of sell :)
CK,
Extension/renovation will for sure increase the values of your property.The extent of how much it will increase the value will depend on various factor like the design,number of year it has been renovated and the quality of material used.It is very subjective but base on the infor u provided, 60% of the cost is genarally accepted. Pls felt free to call me at 012 2055447  if u need further infor. Tq Maklumat lanjut
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  • CT
    Thanks for the useful advice. If 50-60% of the cost is accepted, then it will be positive news for me. I'm now waiting for BANK to arrange a valuer to value that house.

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