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Tata Capital > Blog > Loan for Home > Find Out The Right Time for Your Home Extension

Loan for Home

Find Out The Right Time for Your Home Extension

Find Out The Right Time for Your Home Extension

A home extension is a useful way to add space to your home, whether it’s through a garage conversion or a two-storey extension. It increases the liveability of your space while adding another shade of personality and value to your home. To pull off a home extension without any glitches, proper planning is required, otherwise, your home renovation project can cost you a lot of money and time.

Given below are some tips to keep in mind before opting for a home extension.

Tip 1- Make Detailed Plans

The design stage is the most important one. A home extension is your opportunity of adding value to your property which is why choosing the correct architect or designer is important. A good plan is incomplete if the elements are not detailed out. The more detailed your plans are, the less the chances of things not working in your favour.

Tip 2- Get an Estimate of the Cost

The central element of your home extension is the cost of the work that will go into it. Not only the cost of the extension project, but you will also have to take into account the fact that demolished areas would require the involvement of painters, carpenters, electricians, plumbers, plasterboard experts, etc. Your home extension budget should include all these costs and also leave space for additional expenses.

Tip 3- Prepare Timelines

If you are planning to add a kitchen or a bathroom, a simple extension project can take four to six weeks and wouldn’t necessarily create any big obstacle in your day to day life. However, large extensions projects can go on for months. This is why it becomes important for you to decide on a strict timeline based on the project.

Tip 4- Know Your House

Before delving into a house extension project, know precisely what your home extension will be used for. This will help you in getting an idea of the kind of renovation you need to make to your house and how much space will it require you to follow through with your renovation plan. Mark our areas with a marker or use a measuring tape to get a better visual understanding of the space.

Home extensions, if done in a planned manner, can increase the value and charm of your space. On the other hand, if they are not planned properly, they can mean huge costs. Tata Capital’s home loans are designed to not just help you purchase your dream house but also expand your current one. Our housing loans come at attractive home loan interest rates. Whether you are looking to make a small renovation to your house or a large extension, we can help you with all your housing finance needs.

So visit us to learn about our home loan eligibility requirements and don’t let your plans of getting a home extension be deterred by financial constraints.

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