I need to decide soon whether this project can stay within HK$2,804,000. The trade-off is between reserving enough for hidden work and leaving a usable allowance for the visible renovation.
The property is a 70 m² Hong Kong country home priced at HK$8,697,000. I am allowing for a new kitchen and bathrooms, replacement flooring, decoration, electrical inspection and some energy-efficiency work. There is no planned extension, although I do not yet know whether repairs to the existing structure will be needed.
What would you inspect before setting the contingency? I can postpone finishes, but opening completed surfaces again for wiring, plumbing, damp or structural repairs would be much harder to undo. I’m particularly interested in the questions that should be put to the surveyor and contractor about moisture sources, concealed services and what their prices exclude.
The property is a 70 m² Hong Kong country home priced at HK$8,697,000. I am allowing for a new kitchen and bathrooms, replacement flooring, decoration, electrical inspection and some energy-efficiency work. There is no planned extension, although I do not yet know whether repairs to the existing structure will be needed.
What would you inspect before setting the contingency? I can postpone finishes, but opening completed surfaces again for wiring, plumbing, damp or structural repairs would be much harder to undo. I’m particularly interested in the questions that should be put to the surveyor and contractor about moisture sources, concealed services and what their prices exclude.