AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi Gurus I had been house hunting for the past week. I came across a block that have 2 units that I am keen on. One is an empty unit, nothing in it and no renovation at all at 13 floor. One is tastefully renovated at 11 floor. The empty unit valuation is 420k whereas the lower unit is 441k. Does renovation makes such a big valuation different?
0 •
575 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

YT Tan (陈永达)
Replied
Good morning! Yes it does. Normally floor level, house condition, facing and other factors make a part in the valuation. If you need any assistance in your property purchase, feel free to contact me. Cheers! Warmest Regards YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
0
Upvote Upvoted
Mike Lim
Replied
Afternoon, Factors likes unit's facing, area size, renovation and mainlands status are taken into consideration during valuation. A nicely renovated unit would attract more interest in potential buyers and yield better offer pricing. Since you have being hunting for the past week, I would be sure that your agent will be able to advice you well. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions