Logo of Phnom Penh Post newspaper Phnom Penh Post - Homeowners get creative in flipping wooden houses for extra cash

Homeowners get creative in flipping wooden houses for extra cash

Content image - Phnom Penh Post
Homeowners are attempting to make a profit by re-selling wood from demolished houses. Moeun Nhean

Homeowners get creative in flipping wooden houses for extra cash

As materials essential for construction, such as different types of wood, continue to rise in value, savvy homeowners and businessmen are turning their attention towards demolishing and rebuilding rundown wooden houses using concrete and steel foundations while also seeking a small profit out of re-selling leftover wood.

Toul Kork resident Sa Kun told Post Property of her recent experiences in selling her own worn-down wooden house, adding that her family had also decided to tear down and rebuild another house that she had been living in for ten years.

“When we decided to rebuild the house, I had a discussion with the construction crew in order to learn the price of the various construction materials, as well as the fee for the construction crew,” she said.

“That was when the construction crew told me that a small profit can be made from flipping my wooden houses, but the amount is reliant on the quality of the wood.”

A few days after that initial conversation, Kun said a group of customers from Svay Rieng province contacted her asking to see the wooden houses she was planning to renovate into concrete houses.

“I asked the group of customers how much they were willing to pay for the houses and they answered that after the houses are torn down, a small portion of quality wood is left over.”

Kun gathered that she could potentially sell all the old wood remaining from her house for at least $1,000.

However, Chan Heng, a construction foreman, said from his observations, it was best for homeowners to sell their houses before they got rundown.

“People should sell their houses in good condition, instead of tearing them down just to scour wood for profit as construction crews tear down houses without thinking about the quality of their work,” he said.

Content image - Phnom Penh Post
Rebuilding is in the works for a dwelling in Siem Reap. Moeun Nhean

According to his own evaluation and estimation, Heng claimed that only 50 percent of good quality wood will remain after a wooden house is demolished, due to decay and damage.

Moeun Sarath, who has been working in the construction sector for the past 10 years, told Post Property that the success of flipping old wooden houses was reliant upon the type of wood that was used in the original construction.

“I know for a fact that some villagers are willing to pay up to $2,000 for a tiled house of 35 square metres in size with wood of great quality.”

“The important factor is that the construction crew is careful during the tear down process so that the majority of the wood and tiles can be harvested and fit for reuse.”

Recounting his first experience with rebuilding wooden houses, Sarath said that during the late 1990s his aunt purchased old houses from locals in the district of Oral in Kampong Speu province and then used some of the materials from the old houses to build new dwellings.

“Not many people in the area buy brand new houses from developers,” he continued.

“The reason for this trend is because we only have to pay a small amount to buy old house materials as well as buying new sets of construction materials to rebuild a house.”

Sarath said at the moment, there were a lot of people in Phnom Penh looking to buy and sell old wooden houses in a bid to gain a tidy profit.

Meanwhile, Heng Sarun, a construction worker in Siem Riep, said, “Tearing down and rebuilding old wooden homes into concrete homes is easier, less time-consuming, and more affordable than building a totally new wooden house.”

MOST VIEWED

  • Ministry requests school opening

    The Ministry of Education, Youth and Sport on Thursday said it would request a decision from Prime Minister Hun Sen to allow a small number of schools to reopen next month. Ministry spokesman Ros Soveacha said if the request is granted, higher-standard schools will reopen

  • Kingdom eyes India FTA, China deal set for August

    Cambodia is studying the possibility of establishing a bilateral free trade agreement (FTA) with India to open a new market with the second-largest regional economy. This comes as an FTA with China is scheduled to be signed next month while similar negotiations with South Korea

  • Judge lands in court after crashing into alleged thief

    Sen Sok district police on Thursday sent a Koh Kong Provincial Court judge to the Phnom Penh Municipal Court on manslaughter charges after he crashed his car into a woman riding a motorbike on Wednesday, killing her. District police chief Hour Meng Vang told The

  • Gov’t to boost Siem Reap tourism

    The Ministry of Tourism released the results of an inter-ministerial committee meeting concerning Siem Reap province’s Tourism Development Master Plan for 2020-2035 on Wednesday, revealing the government’s plan to improve the overall tourist landscape there. The meeting was attended by Minister of Tourism

  • Residents ordered to remove structures on Phnom Penh’s canal

    Phnom Penh municipal governor Khuong Sreng has ordered authorities to act against the perpetrators who built houses along the Luo 5 canal in Meanchey district. The municipal administration plans to create a committee to solve the matter. The order was given on Wednesday while Sreng led

  • ‘On the offensive’: Cambodia to load up on loans to stimulate economy

    As the dust settles on the economy, Cambodia comes to grips with what needs to be done to turn the economy around, starting with a big shopping list for credit ‘We are going on the offensive,” Vongsey Vissoth, Ministry of Economy and Finance permanent secretary

  • Government set to make up for cancelled April holiday

    The government is set to make up for a five-day Khmer New Year holiday late this month or early next month. The holiday was earlier cancelled due to the onset of Covid-19. The announcement is expected on Friday as the government is studying a range

  • Families told to register for cash handouts

    The government has called on poor families to apply to commune authorities for evaluation to receive financial support during the Covid-19 crisis. A $300 million budget has been planned for implementation within a year. Ministry of Economy and Finance secretary of state Vongsey Visoth said this

  • Crumbling prices, rent ruffle condo segment

    The prolonged decline in international arrivals to Cambodia intensified by renewed Covid-19 fears has driven down condominium sales prices and rental rates in Phnom Penh, a research report said. CBRE Cambodia, the local affiliate of US commercial real estate services and investment firm CBRE Group

  • Over $3M in traffic fines collected in two months

    Traffic police officers collected over $3 million in fines throughout the Kingdom during the past two months when officers strictly enforced the law in accordance with a May sub-decree, officials said. As incentives, law enforcement officers received between 200,000 and two million riel ($50 to $500) each. The figures