@crinrict I installed it, and I saw immediate improve in my laptop's over all speed and performance. And even though it helped speed up the process of loading the sims 4, inside the game I'm still facing major lag issues and bugs like:
1) dragging wall tools won't build any wall at any place in the lot.
2) eyedropper tool won't copy anything.
3) sletdgehammer tool won't delete anything (any object or wall)
4) Pressing Delete from keyboard while holding an item, won't delete it.
I was trying to delete a door and nothing was working. Neither the hammer nor a simple delete.
I guess I'm gonna have to wait for the next bug fix update because these are serious bugs and I never have faced issues to that extend before in the game. Thanks for your help anyway, my laptop is a bit faster now!