Homeowners can have all kinds of reasons for wanting to add on to their existing houses. Usually, home additions come down to the extra space. Maybe a couple realizes their family is getting too large for their current home, and yet they love their house and neighborhood and don’t want to move.
In that situation, a home addition may be the solution. An architect and contractor detail what kind of space a homeowner has to work with and then collaborate on what type of design will be possible in that space. Every house addition will be different. Additions can be for adding bedrooms, sunrooms, living space, or entirely separate structures apart from the main house.
Whatever the case for you, financing a home addition with Homeowner Funding can be just what you need to see the job through to the end. We finance any kind of addition you want, and then you pay the loan back once the work is complete.
To give you an idea of what your options are for adding onto your home, here are four types of additions to add more space to your home.
A room addition–also known as a bump-out–is one of the simplest types of home additions you can get. Room additions are just as they sound: extra space added onto a single room of a house. They generally don’t add much square footage to the overall structure, but they can still be lifesavers for families that need more dining room space, or for a couple that wants to expand the master bedroom. Room additions usually have their own roofs and must be supplied with new utility work. They also have to be inspected for local code adherence.
While finishing an existing basement is not exactly adding another structure to a house, it does create additional living space that can increase the value of your home. One nice aspect of finished basements is that they can be used as all kinds of rooms, from bedrooms to living rooms to media rooms. One consideration homeowners must make if the basement is to be used as a bedroom is that it must have window or door access to the outside in case of emergency.
The kitchen is one of the most important rooms of a house in that it is where food is prepared and families gather to socialize. As such, it is one of the rooms where an addition might make the most sense for a homeowner. At Homeowner Funding, we often see families unhappy with their existing kitchens because the rooms sacrifice sitting space for the cabinets and appliances. You can have it all with a kitchen addition from Homeowner Funding. We can finance and install your add-on space, whether for additional seating or to add more natural light with windows and glass doors.
A mudroom addition can go a long way toward adding value to your home. People see mudrooms as valuable parts of a house because they exist to keep the main house clean. Mudrooms are used to store extra or wet clothing so they don’t clutter up the general living space. A mudroom can also be where you store a washer and dryer so that they, too, can be out of the way of the high-traffic areas of the house.
Finance Your Home Addition with Homeowner Funding
At Homeowner Funding, we realize that any kind of home addition can run families into the thousands of dollars. Additions increase the resale value of a home, but paying for them upfront can be challenging.
That’s why Homeowner Funding provides options for financing a home addition. We fund your addition project and install your new work. Then, you repay the loan with our competitive interest rates. The terms are simple so you can start enjoying your addition as quickly as possible.
Contact Homeowner Funding today to learn more about our financing options!