How to decorate your home for the festive season

Festivals are a time for celebrations, socialising, gifting, and much more. Many households also take this opportunity to buy something new or upgrade their existing possessions. Home renovation usually tops the chart, especially when you have not done it in the past few years.

Home renovation has many facets like:

1. Uhpgrading appliances
2. Adding an extension to your home
3. A fresh new coat of paint, etc.

Some might even go for a completely new look and change their home’s interiors for a more modern-looking abode.

While festive decorations are fun, they can involve a lot of money. To meet the financial requirement, you can take a personal loan, like FIRSTmoney by IDFC FIRST Bank, and decorate your home how you want.

Before delving into the financial aspect, let’s first check out how to decorate your home for the festive season.

Home décor ideas 
 

Here are some practical tips on changing the look of your home within your budget –

1. Changing the upholstery

If you are looking for a low-cost way to give a new look to your home, you can start with changing the upholstery. Besides lending a new look, the change will also upgrade your furniture.

Common ways to change the upholstery are as follows –

1. Change the sofa cover
2. Change your curtains
3. If you have a bed with fabric covering on the headboard and/or sides, change the fabric

Costs involved – The costs can start as low as a few thousand, depending on your desired changes.

2. Adding new accessories

A new wall décor, painting, a beautiful chandelier, creating a photo wall, etc. are some examples where adding simple accessories can uplift the look of your home. This incurs low costs and is extremely budget-friendly.

If you have some creativity, you can also undertake Do-It-Yourself (DIY) projects and make attractive accessories for your home décor.

Costs involved – This is, perhaps, the most cost-effective way of festive decorations. Depending on the accessories chosen, the costs might start as low as ₹100 for a single accessory. Multiple items would increase the cost, but they will still be affordable.

3. Upgrading furniture

Still own outdated or creaky furniture? It might be time to change them. Upgrade to a new sofa set, dining table, bed, wardrobe, etc. You can even add to your furniture collection if you don’t have any particular item. For instance, you can buy a new one if you don’t have a dining table. Similarly, a study table or a crockery unit can lend a new look to your home.

Costs involved – Buying furniture is costlier than changing the upholstery. The costs start from tens of thousands and can even go into lakhs depending on the type and quantity of furniture you buy.

4. Buying new appliances

With age and usage, home appliances depreciate. They also become technologically outdated, and if they stop working altogether, buying a new one might be more feasible than repairs.

You might be tempted to bring home a new flat-screen LED TV, French door refrigerators, the latest halogen microwave, a front-load washing machine, etc. Besides being technologically advanced, these appliances also lend a premium feel to your home.

Costs involved – Buying appliances can be costly. For instance, French door refrigerators cost upwards of ₹60,000. Similarly, a large-screen TV can cost in lakhs. Buying multiple appliances will increase the overall cost.

5. Home extension

Running short on space?

You can add a new room or floor to your home to extend the area. Design the new area with the latest and modern trends, and your house will undergo a makeover.

Costs involved – A home extension is an expensive option. It involves different steps, all of which cost money. Getting an architectural design executed, building sanctions and permits, construction, decoration, etc. The cost easily goes up to lakhs.

6. New interiors

How about changing the interior design of your home?

It can breathe a fresh new look with the latest trends and designs. Your home can even look and feel upgraded.

Costs involved – Interior designing also incurs lakhs of rupees as it can involve a major redecoration.

Financing festive decorations with FIRSTmoney
 

Now that you know how to decorate your home for the festive season, the next question is financial support. As discussed with each suggestion, the renovation costs can range between hundreds and lakhs. For smaller changes in home décor, you might be able to pay from your savings. But what about bigger ones? How do you fund them?

The answer is simple – through FIRSTmoney.

FIRSTmoney is a smart personal loan which provides financial support of up to ₹10 lakhs for festive decorations. Here are some of its primary benefits:

1. Instant access

With a seamless digital process, you can get your loan approved within minutes without paperwork. This gives instant access to funds, which is beneficial for urgent renovation needs.

2. Multiple loans, anytime

Enjoy the flexibility of availing additional funds without starting the loan process from scratch. Access multiple loans as and when you need funds to pay for different costs that may arise during the renovation process.

3. Low charges

The processing fee is low, and there’s no foreclosure charge. You can repay the loan whenever you want without worrying about the charges.

4. Affordable repayments

Choose a flexible repayment tenure to get affordable EMIs and repay the debt without disturbing your budget.

Eligibility criteria and application process for FIRSTmoney
 

The eligibility criteria for FIRSTmoney are –

1. You must be a salaried or self-employed individual between the ages of 21 to 60 years
2. You must have a CIBIL score of 730 or above

To apply for a FIRSTmoney personal loan, follow these simple steps -

1. Start by scanning the QR code or clicking loan from your smartphone
2. Register using your mobile number and confirm basic/personal details to check your eligibility
3. Select the loan amount of your choice and choose from flexible repayment terms
4. Link your bank account where you wish the funds to be disbursed
5. Complete the Video KYC verification process with your physical PAN card

Why wait? Get on with the decoration now without financial worries!
 

Don’t wait for the last-minute rush. Plan ahead to give the renovation ample time for the right execution. Unleash your creativity and do something out-of-the-box to give your home a personal touch.

Use the tips on how to decorate your home and pick the most suitable one. For financial support, go for FIRSTmoney. Renovate, redecorate, or upgrade; FIRSTmoney can give you funds for all your home décor needs. With instant access to loans up to ₹10 lakhs, FIRSTmoney is a good financial solution.