What No One Tells You About Renovating an Old Family Home

One can easily fall in love with the charm of a historic family home for its remarkable character and architecture. However, at times, even such enchanting homes demand additional love. It could be fixing the electrical wiring, replacing furniture, or adding some spacious wardrobes– anything that enhances appeal or adds to the functionality of your place.

But you must know that renovating an old family home comes with several challenges and things that no one tells you about, but this article definitely will.

Things to Know Before Renovating Your Old Family Home

For any home renovation, it is essential to plan before you start. Whether planning to renovate your old home with a professional crew or yourself, here are some of the things that you must be aware of:

Update to energy-efficient

In several cases, renovating old homes focuses on enhancing the energy efficiency of the buildings. Proper insulation, HVAC, solar panels, LED lighting, and smart home automation systems were not available in the old days. Hence, updating the efficiency of your home is a great way to enhance its functionality and aesthetics.

Install new doors and windows

When renovating an old home, replacing the windows and doors with quality upgraded ones is the major demand. You must opt more durable and functional doors and windows while considering the aesthetics.

Collaborate with professionals

Several homeowners might try to renovate their old homes, but most of them end up making bad decisions and quitting half the way. Skilled labours matter more than you think when it comes to restoring old wooden beams, flooring, and doors or replicating traditional designs.

Hidden costs can sneak up anytime

While renovating an old home, there are multiple unforeseen problems that you might be unaware of. Renovation budgets can quickly escalate due of damaged areas, foundation repairs, plumbing andrepairs . Therefore, ensure to consider all this while you plan the budget for your old home renovation.

Why Opt for a Personal Loan for Home Renovation?

Even though there are multiple ways through which you can fund your home renovation, choosing a loan comes with multiple advantages, making it attractive and preferable:

Minimal documentation

A Personal Loan comes with a simple documentation process as compared to other financing options. You only need to go through basic documentation. This includes photographs, income proof, identity proof, In addition, loan providers further simplify the documentation process for existing customers.

Instant processing

The process of applying for a Kotak Personal Loan is quick and hassle-free. Plus, the documentation is minimal. Hence, you can start your renovation as soon as possible without waiting for days for your loan application approval.

Usage flexibility

You can utilise the loan for multiple renovation activities, such as repairs, extensions, flooring, renovation, and painting. Hence, you can use the loan to fulfil diversified renovation needs.

Lower rates of interest

Banks provide low-interest Personal Loans, making the renovation process lighter on your pocket. With Kotak Mahindra Bank, you benefit from Personal Loan interest rates starting from 10.99% per annum.

Summing up

Living in your old family home is like a dream come true. However, diving into its renovation is nothing less than a nightmare if not handled smartly and professionally. Mentioned above are some of the crucial points that you must keep in mind while planning the renovation of an old building for a smooth process.

In addition, you can always apply for instant Personal Loan at Kotak Mahindra Bank to get quick financial assistance for home renovations.