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Renovation Professional Fighting The COVIS-19 Recession

Renovation Professional Can Make Better Money In The Gig Economy in Post COVID-19 Recession

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Is your job in the interior design and renovation sector affected by Post COCID-19 Recession?

Renovation Sector Affected By Recession How to overcome the COVID-19 rEcession[/caption]

The sombre realisation that Singapore is entering into a technical recession which will eventually translate into job losses, salary downward revisions or companies going bust. Many interior designers, project managers who work on BTO, resale flats or commercial interiors, will soon have to look for alternative means to supplement their income as companies go on cost-cutting measures or retrenchment exercise.

At a Lost of what to do on a recession
At a Lost of what to do on a recession – Be The Interior Design and Renovation Industry Professional With Postofixe

Photo by Photobro by Pexel

Let’s look at the various concerns and options available to the interior design and renovation industry in the post-COVID-19 economy to see if it is a viable business.

Impact on Singapore Renovation and Home Furnishing Industry

The unpredictable COVID-19 situation in the coming months have impacted on how the government will manage the flow of labour in the construction and renovation industry as a whole as the safe-distancing measures and the dormitory clusters situation has severely hampered the availability of tradesmen from Malaysia and Singapore.

Major economies have gone into a tailspin which will impact our export volumes here and with the continued spread of COVID-19, Singapore economy will look grim for the short and medium terms. As such, the likelihood of many being affected will be high and spending on home renovation will be prudent with customers either delaying their renovation plans, scale down their renovation budget or eyeing cheaper alternatives.

So you may asked what the real industry situation going forward?

There are several scenarios here and one pertaining to the interior design and renovation companies that did not hedge on their finances for bad times and built a good relationship with their suppliers. These companies would probably have to wrap up their business as they have expanded their creditworthiness. Some will try to continue to rely on other suppliers to finance their business which is nearly impossible as these sub-contractors are often cash strapped and more often than not they have lost money on other bad debt situations.

The question here is how many of such companies are there within the industry? The answer is not clear as most of them are still running their company with the money given by new clients to pay off their old debts. There are of course reputable companies that have managed their finances well and would be riding through the recession with hiring freeze or cost-cutting measures.

It is now imperative that companies who are doing business with legacy business models operate with models in the new norm and reduce their reliance on traditional resources to survive the tough times.

The above dire situation will create a group of people who will eventually lose their jobs due to business closure or bankruptcy, among them are credible and creative people like interior designers and project managers.

aspiring and talented renovation designer and project manager have a better chance of striking out on their own
Aspiring and talented renovation designer and project manager now have a better chance of striking out on their own with specialised e-commerce system

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Their skillset earned through the school of hard knocks are valuable and could generate comfortable income with the acceptance of the new business model termed as the new norm which we believed will renovation companies and industry talents makes a comfortable living as the industry goes through the post-COVID-19 evolution.

The entire renovation and decorative industry is worth SGD 745 Million in 2018 with a 18% growth post-COVID-19 Online Source, https://www.statista.com/outlook/255/124/furniture-homeware/singapore

Will there be a substantial business for the industry to ride out the pandemic? The answer is an emphatic yes based as seen on HDB Key Stats report from 2019-2020;

Source online; https://www.hdb.gov.sg/cs/infoweb/doc/ar2019_keystats

The renovation business from the above-developed units mention in HDb stats 2019-2020 will come online in 2021 to 2013 and in 2020 HDB is pushing out around 16,000 flats to the general public notwithstanding private residential and commercial projects. Source online; https://www.singsaver.com.sg/blog/hdb-bto-launches-in-2020#HDBBTOPastLaunches

Evolution Of The Gig Economy Augmented By e-Commerce

There is a bright spark of hope in the horizon despite the gloom that can be viewed as a good opportunity for interior designers and project managers who intend to capitalise on the blossoming gig economy. The revolution aided with the help of specialised renovation and furniture e-commerce platform, now available through Postofixe.com, will taste success in the same manner as seen in Airbnb in the hotel industry, GRAB for point to point transportation and food delivery and Amazon for online marketplace

Let’s explore this different business model for the interior design and renovation industry and compare the two business models, one lagacy and the other the gig economy, to see how feasible it is to make a good living in the new economy.

Typical Interior Design and Renovation Processes:

Typically most interior design and renovation companies will endeavour to provide all or majority of the above processes shown on the activity chart.

However, this is a rather tedious and stressful process especially when one has to handle 2-3 projects with consecutive handover dates. It can be overbearing for both the interior designer and project manager to handle as a result they suffer career burnout over a short period of time.

Legacy Renovation Model Is Creating Undue Pressure On The YOung Aspiring Talents To The Renovation Industry
Legacy Renovation Model Is Creating Undue Pressure On The YOung Aspiring Talents To The Renovation Industry

There is an alternative process proposed by Postofixe.com where various tasks are assigned to different professionals/tradesmen who are highly competent in their respective trade to complete the tasks.

The differences here is all parties benefits in the transaction.

Each partner within the value chain makes sufficient profit/income to stay in their trade or profession which will result in higher professionalism within their trade.

A high level of trust and comraderies is built with respective partners to complete their job in a professional manner. Working collaboratively also compels them to complete their job so as not to affect other trades especially in terms of schedule and final payment.

Payment is dispensed to all suppliers upon completion and acceptance by the customers. In contrast, in the legacy model suppliers are only paid for their previous completed job to allow them to roll over their cash.

The entire process from start to finished is allocated to three or more parties with core competencies in;

  • Designers will focus on designing and attending to the needs of the customers,
  • Automating all operational paperwork online from payment, documentation, sales, manufacturing to delivery orders are managed by Postofixe,
  • Quality control, solving technical problems, managing schedules, client expectation and on-time delivery which will be handled by experienced project managers.
  • Level of stress is now manageable and responsibilities are well defined and spread out to various parties within the value chain.

Postofixe e-commerce platform makes work FUN as;

  • There are less paperwork to slow you down,
  • it is less stressful to work on any project since there is a predefine scope of works and responsibilities resulting less burnout.
  • Income is based on an individual’s level of commitment, those who work harder make more money.
  • Level of professionalism will grow as designer, manufacturers to tradesmen are treated as equals offering their best products or services to the client.
  • the contractual arrangement offers a truly win-win situation where individuals or suppliers gets the fair share of returns
  • The main financier of the projects is the client rather than sub-contractors.

Hop onto the instant benefits of Postofixe’s renovation and furnishing e-commerce where parties to the transection;

Photo by Vlada Karpovish by Pexel

  • 40 uploaded design layouts in our 3-D drawing tool for various residential units that are already available on the platform to enable designers to start selling on the fly with no downtime.
  • The works you love what you do within your expertise with plus plenty of chances to hone your skills.
  • additional income where talented interior designers are able to publish their design on a peruse basis allowing others to use them for a fee.
  • get sufficient income for project manager as he/she don’t have to worry about making ends meet with other overheads. Unlike the legacy model he/she received a fixed salary for whatever numbers of projects he works under his employment.
  • offers clients the benefits of a one-stop shopping experience with the latest home design and products at a fair market price.
  • enjoys risk free business model to develop a interior business where even customer could now accept in the post-COVID-19.

So what is holding you back to explore the possibility of creating your own destiny? Stop worrying about losing your income or the drag of an overwork and under-pay situation. Postofixe lets you makes a good income through our specialised renovation and furniture e-commerce platform.

Register here zoom meet up to explore the how the platform can help in your gig with a online demo and we will end off with Q & A session.

There are two sessions;

  1.  27th July 2020, 4pm
  2. 30th July 2020, 4pm

Put in your preferred time slot on the “Message area” we will send you a zoom meeting details as soon as possible, see you soon.

Kitchen is where hearts meet – know this before kitchen renovation

This article will try to provide resources for you to derive the right cost for a well-planned kitchen to meet your budget and needs. Let’s start with the most common offer in social media that offers kitchen at S$ 70  per square foot or some S$ 1,000 for a 10-foot run top hung and floor cabinet, which by the way do not include worktop. This is what you will get in the offer; Swing doors often with cheap laminate at less than Normal S$25 with limited colours, all inner cabinet are in white PVC covering.     Accompanied by normal hinges with soft closing effects     For the kitchen design probably you will get something like this;   Designs like this are rather dated and non-exciting       The offer gives the homeowners swings door concept which looks ordinary, for the floor cabinet the contractor will probably throw in one section of 3 drawers on the floor cabinet no more than 400mm with normal drawer tracks. For the wall cabinet, he will probably offer you swing doors cabinets with max two internal selves and 1 pull up glass door for dish dryer. This design often looks rather dated with nothing to shout about and expect some broken doors after one year or so as the hinges used are the normal quality type. The long-held saying still holds true within the renovation industry “You pay for what you get,” so if you started to ask for a better design or cabinet hardware the cost goes back to the industry standard after much time spent in the shop discussing about the design and material preference. So what should new or existing owners do to get what he or she wants like? I recommend be a smart customer by doing the following quick and interesting ways that will save you many regrets later;
  1. Research on your design preference:
2.  Determine your own budget Try our check out cart without buying with any design you pick from Postofixe kitchen designs. Steps are;
  • Go to our kitchen sample page
  • Select from 11 design kitchen design ideas
  • Register a free account
  • Make your desired changes to the size of the kitchen and modular kitchen cabinets using the drag and drop method
  • Exit to cart to see the price of the products by clicking “X” on the top right-hand corner
Tips – You can now approach the rest of the home design and budgeting without buying within the Postofixe room samples pages. This will give you a rough gauge of the budget you might need, please allow for cost in the area of flooring, demolition if you would like to change the layout of your rooms. The budget calculated will allow you to plan how you would like to finance your renovation with various renovation loans providers. 3.  Determine what you want to put into the kitchen This will also determine the additional cost you would need to spend to buy additional kitchen appliances and organiser you like to customise it to your needs.

Material that is available for kitchen cabinet

The common material used in Singapore kitchen are:
  • Plywood is the most common use by carpenters in Singapore, it is hardy and is strong to take on heavy load. However, most material grade used carries VOC (toxic used in the formation of the different layers of wood), you will smell this during the first few months of installation. Postofixe.com do offer non-toxic plywood for kitchen cabinet if requested by the client.
  • Veneer Particleboard, which is use in most IKEA cabinets will “blister” if there is a hole punctured on the surface and water gets into the board. That is the main reasons why many people will not choose IKEA kitchen.
  • MDF or high-density board which are used for spray-painted doors of cabinets while the cabinet body are using plywood.
  • Kitchen sink and tap – have become an important accent piece that adds chic look into a normal kitchen, see our article on how to how to buy sink and taps for a designer kitchen look

Hinge and drawer track options why it matters

Homeowners are faced with the option of paying more for better hinges and door closers and wondering why let’s dwell on cost of hinges to get a better understanding.   Blume is the top of the line cabinet hardware company that offers slick design with silent closing in slow motion and soft closing door effect to your kitchen doors or drawers, which would set you back S$ 800 – 1,800 which in my opinion is worth the while as you enjoy award-winning products from Austria with a lifetime warranty. As for normal hinges and drawers will not last you more than 2-3 years which you would need to change periodically, there lies the problem as this is a small job which you would need to pay someone an expensive service fee to get it done. More often human nature will just leave it as broken. I personally like to use quality hardware for worry-free use.

Common kitchen appliances

For most built-in appliance will cost slightly more due to their custom sizes however buying from local brands like TEKA, EF, Euroace, etc., can give you the value as big brands will cost a lot more. In this day and age, most appliances are manufactured by a few manufactures in China and being white-label to various brands go to your favourite store and bargain with a bulk purchase or on the lookout for special sales by various stores you might be lucky to get a good deal through their newsletter subscription. Depending on your budget do give the following consideration for various appliances like;
  • Fridge – would a single door medium-capacity be enough to store food for a young family with 2 children for one week or double doors larger better in doing the job. decide on the size before approaching any company to work on the kitchen design. Trend – buy those darker grey tone for the cool look
  • Kitchen stove, would you prefer to use a gas stove (either pipe-in for most BToo homeowners or portable gas for some resale flats owners) or an induction gas cooker. Induction might be the better option as it carries fewer worries of a gas explosion as it cooks food faster with a clean flat look. Many older folks and chef prefer gas cooker as they felt cook cooked carries the “wok hay” that taste better. Trend – buy those with a black glass plate cover
  • Oven, would I need a builtin oven which has duo function to do preheating food with microwave and conventional heating for banking on occasion when the good wife decides to do some baking? If budget is a constrain stand alone duo function oven could also do the trick. Trend – builtins are great favourites
  • Kitchen Hood – yes you would need one so that the kitchen will not be filled with oil that produces the sticky feeling after cooking. Trend – minimalist design with little frontal exposure goes well with the latest design

Kitchen systems and organisers what to look out for:

If you are a neat freak like me these drawer organiser is a must-have for a modern kitchen before you place an order with your contractor ask them about these, some they can customise and others they can buy off the shelves. Tip for utensils and dish drying trays contractors is willing to throw into their cost if you ask for it. There are myriads of organisers available to kitchen cabinet builders be sure to ask for them which is a must-have for a well-organised kitchen. Tip – always make sure the contractor buys the right weight carrying capacity track that carries the drawers for the intended content, under capacity tracks will wear out very fast needing replacement. Drawer organisers that are not ideal; There above are information that will help you organise a well-planned kitchen, if you would like more information on any part of the planning process or kitchen organisers do leave us your comments below or send your request for design support to [email protected], we will be glad to extend a helping hand.
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