A friend of mine (let’s call her Rabbita) thinks that the formula from my previous post is too complicated and difficult to implement, and I agree to a certain extent. After all, like I said, it’s really subjective how much value you put into each item on the list. For example, a nearby MRT is usually a plus, but a person who goes everywhere by car might not care if there’s an MRT station near the place, or he might even think that it’s a nuisance.
Rabbita’s suggested method is to set a budget first, and make sure the price plus renovation costs fit your budget. It’s intuitive and makes budgeting sense. Most people will probably do that if they plan to buy for their own stay. After all, buying a home is usually an emotional thing and some things just can’t be quantified.
