With the festive season fast approaching, now is the right time to plan a home renovation. Renovating a home might look easy on paper, but it is quite a challenge to accomplish. Firstly, since the costs for the same can be quite heavy, you would most probably have to resort to either a personal loan or a home renovation loan to help fund the renovation. And secondly, there are plenty of important things that you should plan and account for. Here are a few things that you should keep in mind.   

  1. Chart a proper renovation plan

Charting out a plan is the first ever step that you need to take towards the renovation of your home. Start by listing out all of the major sections of the house that you would like to renovate. Then, pick each section and make a list of all the things that you would like to renovate.

For instance, if you would like to renovate your bedroom, make a list of the things that you would like to improve, like the bed, the walls, installation of cupboards and shelves, and so on and so forth. Doing this simple exercise will help you go about the process in a much smoother way.        

  • Plan your finances

Once you’ve planned your renovations out clearly, the next logical step is to plan your finances. The easiest way to get this done is to jot down the approximate cost of renovating the different sections of your home on the plan that you’ve already drafted. This would give you a bird’s eye view of how much you would have to spend for improving each part of your home. Once you’ve done that, go through the list once again and strike out the sections that you deem are less important.

This would not only allow you to trim unimportant renovations, but would also keep you from overspending. Upon arriving at the final plan, all that you need to do next is look for and choose the right personal loan or home renovation loan to fund your home improvement. You can also make use of online personal loan EMI calculators to get a good sense of how much you would have to end up repaying as EMIs each month, before you finalize on the loan amount you would like to borrow.     

  • Get creative

Renovating a home requires quite a bit of creativity from your end. In fact, it can even help you save a lot of money on renovation. For instance, if you’re planning on accessorizing your home, you could opt for second-hand furniture and antique showpieces instead of new ones.

Not only can you get them for a much lower cost, but they have their own old-world charm that can help refresh your living space. Additionally, by opting to go the creative route, you can ultimately choose to borrow funds that are within the limits of a personal loan or home renovation loan.       


These are just a few of the important things that you need to keep in mind before choosing to renovate your home. That said, if at any point you feel overwhelmed with respect to home improvement, always make sure to enlist the help of an architect or a renovation expert.

This way, you can not only save your time and energy, but also get the job done in a professional manner. And remember to always make use of the online personal loan EMI calculators before opting for a loan to ensure that you don’t get yourself in a financial bind later.