/ People who bought in Katowice Oak teraces phase I and phase II
Margaret - you are a clever and canny lass and an investor after my own heart! If you haven't read her posts yet scroll up!! - this is a wise woman talking!
Now I've been doing some digging around in my papers to get some clarity for here so first:
Hey Elean the Mamdom eco line "cheapest option" starts at 590 PLN / m2.
This is the price for a resale fit (as it says on the website) which means no kitchen, fitted cupboards, etc. The eco for rental starts from 850 PLN but obviously the bigger your pad, the lower the price per square meter and generally
Mamdom is 1,000 to 2,000 p/sqm for the classic and lux from the quotes I have received which is what you should be looking at for Oak Terraces.
Difference in Resale and Rental fit out is at:
But I've found my quotes and bills for last year to compare with margaret's pricing of:
For a 35m sq apartment the labour costs is £2,800.00 and the material cost is £5,700.00
giving a total of £8,500.00.
Say the exchange rate is 4.5 so Margaret sorted out her own fit out for 38,250 PLN. My bill from Mamdom for a 40 sqm apartment was 35,600 PLN for materials and labour using their classic line and for rental (fitted cupboards and kitchens included) - so around the same as Margaret. Their project management fee (which has been seperately stated on each quote was) 29,000 PLN - total 1,680 PLN/m2- hold that thought.
For my 98 sqm apartment (also classic line) the materials and labour were 68,000 PLN and project management charge of 36,500 PLN - total 1,066 PLN/m2
For my 63 sqm apartment I got together with two other buyers and so we got the Mamdom multi-discount(the more of you there are, the bigger this gets). Materials and labour 43,000 PLN, project management charge 21,000 PLN - total 1,015 PLN/m2
These were all in the ballpark of other quotes but the obvious lesson is to try and get together with others and not too much difficulty there with Oak Terrace.
Now like with anything else in life if you do it yourself it will be cheaper. Margaret has the connections to organise the labour and the time to go to Poland herself and hunt down materials. You could go even cheaper and learn to tile and plumb saving you the labour costs!
I don't so I am happy to pay the likes of Mamdom to do the legwork for me. You can call me a muggins but I also employ an accountant to do my books, a cleaner to cope with the tip I call home, a mechanic to repair my car, and so on and so on. I spend the free time it creates earning doing something I know something about and having a life. From the tone of Margarets posts I suspect she is not new to the developing game so her route is more obvious.
I also pay lettings agents in the UK to manage my properties here. I could do it myself but I have better things to do than flaffing around when a washing machine goes up the swanny in one of my flats. So by paying them I am now a 'home citizen being taken to the cleaners'! Oh the service industry .. how it takes money from all us muppets!
But back to the Polish property - you don't truly 'save' all
the project fee by doing it yourself. A couple of return flights, hotels, car hire, meals, time off work or lost holiday time and your soon eating in to your 'savings'. Then there is a long term cost - these expenses cannot be deducted from your rental or resale income so you will also get a higher tax bill.
Margaret was prepared to go through the strain of driving here and there looking for materials, dealing with the god awful customer service (which I have had a brush with), managing the labour, flaffing around designing a kitchen and figuring out which colour scheme would work best for a rental market you don't know about. If you can do it, you will 'save' something.
Finally to reply to a few quotes:
everyone needs to be careful about is what exactly you are getting for your money
Yes, spot on, and god forbid it's going to be another link to guess who but this is general useful info (no really!):
But Eleanoroconner is not saying that Wroclaw Boy's prices are bad
Absolutely. They are not for Oak Terraces and the like
your suggesting the mamdom fitters are on the Mamdom payroll
That's right, Mamdom fitters are on the Mamdom payroll, not contracted out companies. Same was true of Keen Properties a year ago, not checked recently.
Eleanoroconner and Wroclaw Boy are making this an interesting thread, they battle it out and the People who bought in Katowice Oak teraces are watching as the price goes down, class.
I thought they had left the building weeks ago!!!
SeanBM: But Eleanoroconner is not saying that Wroclaw Boy's prices are bad
Absolutely. They are not for Oak Terraces and the like
But, but, but - forgot to mention this:
I would be very happy with Wroclaw Boys finish on a 1970s build or bottom end student type property. However there is one other thing to add to Margaret's comment. She said it's important to know what you are getting.
It is also important to know who you are dealing with. The outbursts from WB in this thread would make me think twice. I want to deal with a professional company, not someone who goes off the deep end at criticism.
Can you imagine the snagging? ...
"This doesn't look right"
"Your just saying that because you hate me! You don't know what your talking about! Don't ridicule my company"
Sorry WB but if this thread is anything to go by I wouldn't risk it...
It's no offence to you, and I know you are about to come back with a knife between your teeth, but if this forum is anything to go by you do what might be good work a great disservice. Ultimately where I might have used you in the future I hesitate because of your defensive, rather than constructive nature. Seen it in Poland too many times.
But as you have said in previous posts you don't want my business so no lost sleep for you there!