While creating the new electrum wallet, is it recommended to extend the seed phrases and memorize the extended ones only. I mean write the 12 word seed phrases on a piece of paper and remember the extend phrase, this way even if someone sees your seed phrases on the piece of paper, he or she cannot access the wallet as the extended phrases is not known. Increase in security, isn't ?
Right. If you have extended your seed phrase with a passphrase, anyone who has access to your seed phrase needs the passphrase too.
Just note that if you forget your passphrase, you won't be able to access your wallet. So, you may want to consider writing your passphrase some where separated from your seed phrase and not trusing your memory.
Secondly, i have already a seed phrase of my wallet, can i add extend the seed with custom words later or this option only available while creating wallet ?
With adding a passphrase to your seed phrase, you generate a different wallet with completely different addresses.
2nd Question:- If someone get into my PC and get the wallet file from this location (C:\Users\Umer\AppData\Roaming\Electrum\wallets), can he access my wallet (on another computer) without the seed phrase ?
If your wallet is encrypted, the thief will need the password too.