Stay within your renovation budget with these important tips that help!


Renovating your home is a big decision. It involves a lot of things and calculations. Chennai is a city that has seen constant developments. Using the right kind of material and equipment to buy home in Chennai is very important. Your renovation budget is also something you must consider carefully. So, let's see the various things one must consider. 

Things that are important –

  • Time of renovation 
When you buy property in Chennai there are many things to consider. Sometimes you tend to invest in homes that are in old buildings to save cost. This is when renovation becomes key. However, time taken for renovation is a very crucial thing that can increase cost for renovation as well. That is why it is important to keep a check on the time of the renovation as well. 

  • Cost of the renovation
When you buy house in Chennai that needs renovation remember to consider that as the cost of the house too. The renovation of your home must not cost you more than six months of your income. This will help you to stick to your budget. The major mistake that one can do while renovating their house is not making a systematic budget beforehand. 

Things that are not important –

  • Doing it all at once
If you think renovating your entire house altogether is a good idea, think again! Whenever you redo your house in this manner you will not be able to keep a track of the costs and you can go overboard as well. Apartments in Chennai can be of different size, so make sure you renovate it one by one - for example try to renovate your living room and then go ahead with the other areas. 

  • Compromising on the reputation of contractors
Many a times one tries to save money by hiring cheap contractors that do the work for less. Though this might seem like a good idea at the start when you buy home in Chennai later on it can prove to be a terrible idea. Renovation is a long-term investment.

You might end up losing a lot of money by compromising on the reputation of the contractors. Keep this in mind when you buy property in Chennai that needs renovation. 

  • Going for personal loan is not always a good option
Remember this always. It is better to opt for a renovation loan or a top up loan as the percentage of interest is less. You can consider this when you purchase apartments in Chennai on home loan that need further renovation. 

When you buy house in Chennai it is important to consider various aspects. These dos and don’ts of renovation can help you to take the right decision. 

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