Monday, December 14, 2009

In The Beginning

In 2004, we made the decision to move nearer to town.  We agreed that we would build a house although buying a ready built new house or renovating an old house were alternatives.

However buying a new house would mean we would be limited to at best a semi detached house within a tiny patch, more likely a corner terrace house.  In addition, I estimate we would be paying a premium of at least RM50,000, more like RM 100,000 due to developer profits and speculative costs.  Renovating an old house may turn out worse and the renovation costs could exceed RM 100,000.

It is our contention that building a new house on a piece of land of our choice allows us to design the house we want and also get the best value for money.

A detached house would require a plot of land at least 15 points (thats 0.15 of an acre).  Compare this with terrace house of 6 points.  We eventually secured a plot of land of 18 points.  This was on a built up lot of a housing estate which the developer sold instead of building a house on it.  This piece of land was ideal because it has already been filled, has drains, retaining walls and even an access road.  Street lighting, telephone, water and electricity is already available.  Best of all its only 10 min from the City.

However purchasing this land used up all our available funds and developing it had to wait.......

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