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How To Plan Your Home Renovation In 3 Quick Steps

  • Highlights

  • Determine whether you want to renovate all at once or step by step

  • Create a home renovation plan

  • Arrange for financing the renovation

  • Finance all renovation needs with a Home Improvement Loan

When you come back to the same living space every day, it is important that you are completely in love with it. A good home must be highly practical, safe as well as beautiful. If your home has started to come apart and the sight of the peeling paint on the walls, chipped wood on the furniture or the colour-drained curtains are making you gloomy, then it is time for a renovation.

Renovation is a broad term and can mean anything from changing your side tables to bringing down a couple of walls. If you are thinking of revamping your home, here are a few helpful steps to help you plan your renovation project better.

Step 1: Decide whether to renovate in one-go or bit-by-bit?

While both techniques have their own pros and cons, it is really important to determine which one suits you. Many people go for the bit-by-bit renovation as it is easy on the pocket and more practical for families that don’t want to move out because of heavy renovations.

What people often fail to realise is that most bit-by-bit renovations actually end up costing more, when compared to heavy renovations done under a budget. Another advantage of renovating in one-go is that it actually turns out to be more convenient than moving your things over a long period.

When the renovations are made in a continuous flow rather than in chunks, it reflects in the layout and design of a place. This can be attributed to the change in styles and several other factors like the weather, finances, etc.

Step 2: Plan your renovation

By making a comprehensive renovation plan, you can assess the extent of renovation your place needs. This assessment can be done manually or with the help of an interior expert. Once all the things that might need to be removed or fixed have been determined, you can move on to determining the amount of time all the required changes would take.

The last step of the renovation plan can include an estimate of the amount of money that might go in to buying new things, repairing old ones, labour costs and the amount of money that would be required to live away from home, if the need arises.

A Flexi Personal Loan from Bajaj Finserv helps you to manage your home renovation cost in a convenient and flexible way. It provides you the freedom to withdraw as and when you want to pay for an expense and repay in parts as per your income, at no extra charge. This facility gives you full control of your finances and lets you pay interest only on the amount you use and not on the entire loan limit. Here you also have the option to pay interest only EMIs with the principal payable at the end of the tenor. This loan makes it a great way to finance the cost of revamping your interiors, if you’re still figuring

Step 3: Arranging for the finances

If your renovation plan is ready with the final cost estimate and you’re falling short, a home renovation loan can prove to be a good idea. A good home renovation loan will have the following benefits:
- A good lump sum to start with your renovations
- Easy and affordable monthly installments
- Simple and hassle-free documentation
- Option to apply for individual or joint loan
- Minimal processing fee

Bajaj Finserv offers India’s fastest loans for home improvement up to Rs.25 lakh with instant approval and cash in bank in 24 hours that can be repaid in easy EMIs at low rates of interest. These loans come with pre-approved offers that let you know the amount you can get before you even apply for the personal loan. Get money in bank in 1-step verification, without the lengthy queues, forms and details. Here, everything is already done for you. You can discover your pre-approved offer here.

DISCLAIMER: The personal loan features mentioned in this article are subject to change, based on policy revisions. For the updated product details, please visit the Bajaj Finserv Personal Loan page here.


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