A home renovation project can breathe new life into your living spaces, while making more room for a growing family. No wonder the home renovation sector in India, valued at $30 billion as of 2022, is expected to see a growth spurt over the next 5 years. Of course, you might be worried about how to fund a home upgrade. The good news is that you can access easy home renovation loans, with easy eligibility criteria and disbursal in as little as 72 hours. In fact, you don’t even have to apply for a huge amount. You can get such loans from ₹3 lakhs up to ₹5 crores.
Now that you’re funding problem is solved, take a look at these useful tips to upgrade your home within a budget.
- A Fresh Coat of Paint
A fresh coat of paint can immediately give a whole new look to your home. It’s like an instant upgrade. But pick the colours carefully. For smaller rooms, pick light or neutral colours. For the living or dining room, you can even choose an accent wall and give it a bold colour. You’ll be pleasantly surprised at the effect.
- Renovate the Kitchen
Did you know that a simple kitchen upgrade can enhance the resale value of your home? So, consider adding new storage space with cabinets, redoing the countertops with a durable material like granite and adding some energy-efficient appliances. This will reduce the clutter in the kitchen and give it a more spacious look. You don’t need a big kitchen to upgrade your home. A few modern touches can work wonders, such as a new sink and faucets.
- Bathroom Improvements
This is a space that often gets missed out in our home upgrade plans. Bathrooms in India tend to be small and can sometimes feel congested. You don’t need to enlarge the space to make it look bigger. All you need is to add storage space to make it more organised. Add colour with decorative tiles on the walls. Large mirrors can also be used to make the space appear larger.
- Renew Your Doors and Windows
Your front door gives the first impression of your home. Even if you don’t want to replace it with a new front door, consider giving it a fresh treatment. Did you know that choosing a light colour for your doors can make the rooms look brighter and airier? This holds true for windows. Even if you don’t want to replace the existing siding, give them a fresh coat of paint and a new set of curtains.
In fact, your windows allow light to enter the room, so consider installing larger windows if you have the budget. You could apply for a loan against property to fund such home improvement projects. Such loans are available against residential, commercial or rental properties that are fully constructed. You can apply for loan amounts ranging from ₹5 lakhs to ₹10 crores. These loans are available for both salaried and self-employed individuals.
- Create a Personal Space
Whether you need a space for a home office or just a quiet corner to practice your hobbies, a personal space can be a good idea. You don’t need it to be a large room, you can easily partition a part of an existing space using frosted glass or particle boards. Now, add personal touches to the space with wall art, your own creations or your favourite decorations. For instance, if you play the guitar, you can make a space to hang your guitar on the wall or add a small guitar replica on a side table.
To complete an amazing home upgrade project without busting your budget isn’t difficult if you plan everything well in advance. This also includes applying for a home renovation loan that requires minimal paperwork to fund your dream project.