25 June 2017

Window Shopping: Custom Made Furniture















Company


Bunk Bed


Queen Bed Frame


Foyer Table


Delivery Fee


Total


Antonio’s Quality Muebles


40,000


20,000


30,000


0


90,000


-
Mahogany & ¾ plywood


JB Woodcraft, Inc.


36,500


26,750


54,750


5,500


123,500


- Kiln
dried mahogany or gemelina wood


Jungle Vines Furnicraft


23,790


25,360


24,620


8,000


81,770


- Mahogany wood


Phoenix Home


60,000


36,000


75,000


TBA*


171,000


-
Gemelina wood


Reach Out & Build Inc.


22,500


17,800


27,800


0


68,100


- Kiln
dried hardwood & marine plywood


Urban Abode


58,800


38,700


57,500


0


155,000


- Not
specified


 





*TBA - To be advised.
**All rates quoted in Philippine pesos.

Here are the specifications I sent to all the furniture companies listed above:


The furniture companies were either referrals from friends or have been mentioned in articles from Real Living magazine.

20 June 2017

Renovation Update 18

Choi, from Reach Out & Build, informed us that the fence and carport are already done, and scheduled the turnover for June 16, Friday.

I arrive, look around, and then ask him, "So, when will you guys be finished?" His reply? "We're already finished."

Here's what "finished" looks like:


The polycarbonate roof is in two colors. There's supposed to be only one color, and that's dark brown.


Metal bars are still sticking out of the cement hollow block wall.


Trash is still present and they have yet to get rid of the excess cement from the garage floor.

Oh, when I left the house, some parts of the gate hadn't been painted and they still needed to repair the areas they damaged.

Seriously?!?! I really wonder how anyone could think that this would be acceptable? Well, apparently Choi did along with some of the workers who thought nothing of the two-toned roof.

It's been a few days and I still can't get over how skewed their definition of "finished" is. Am I angry or upset? Not yet - as long as they'll fix things. Though this will mean even more delays.

15 June 2017

Renovation Update 17

As of yesterday:


They told me that the work will be done by tomorrow, but since the rainy season has started, I'm expecting a few more delays.

10 June 2017

Renovation Update 16

Alas, Reach Out and Build definitely did not meet their end of May deadline. Here's their progress as of two weeks ago:





05 June 2017

Refinancing Saga

The good news? We got approved!

The bad news? It will cost us an additional Php 25,000+ (on top of the Php 4000 assessment fee) and the rate is not guaranteed. If the loan is released before the end of June, then we'll get the 5.5% interest rate. If not, then whatever rate they have in July will be applicable.

At 5.5%, our monthly mortgage will be Php 3399 lower for the next three years and we'll be able to pay off the fees (so to speak) within 8 months. Potentially, we'll be able to save Php 95,172 over the remaining 28 months - money that can be used for other house bills.

So, what happens if we don't make the June deadline and the new rate isn't to our liking? We have the option of cancelling and getting a refund (except for the Php 3000 handling fee).

Another concern is the amount of the loan. We applied for the loan two months ago and our remaining balance has since decreased by over Php 20,000+. BDO officer Carol said that the bank will give us a refund for the difference. Not sure how that works, but we definitely don't want to pay more than what's necessary.
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