Monday, March 13, 2006

2. Decision to build or buy a house.

I came to Kuantan in 2003 and we rented a house in Indera Mahkota. We are still not very sure whether to build or to buy a house at that time since we are planning to settle down in Kuantan. We rented a semi detached single storey house, since i don't like double storey houses. The owner of the house bought it for RM115,000 in 2002. It is a 3 and half room house about 1500 square feet. The master bedroom is about 12 x 12 square feet in size. Quite a small house. I did a survey of the new phases in that area. The current price is around RM160,000 to RM180,000 for a slightly bigger house. Wow!!!. In Astana Golf, the bungalows with a land around 7000 to 8000 square feet with a house of around 2000 square feet costs RM300,000. If you include the cost of renovation and upgrading, the total cost can reach at least RM400,000. This needs to be done since contractors will only use low quality accessories and items. The cost of houses in Kuantan are spiralling. At this point of time, we decided to build our house in the land that we bought even thought the cost might be higher. Even today, i never regret this decision, even though i have to travel 2o minutes to work.

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