If your home is starting to feel cramped, a home addition may be in your future. Many homeowners choose to make renovations at one point or another, but adding an entirely new room onto your house can be uniquely challenging. When planning a home addition, you will have to decide whether to build your home up or out. There are a few things to consider when making this choice. Read on to learn about different strategies for planning your home addition, and get help financing your renovation from Your Project Loan!
Ideas for Your Home Addition
Unless you already have a purpose in mind for your new addition, simply deciding to add more space to your home can leave you feeling rudderless. It is often helpful to start planning with a stated purpose for your new space. A guest bedroom, a home theater, a sunroom, and a personal study are all excellent uses for your new square footage. When you know what type of space you would like to create, you can better determine whether you should build your home up or out.
Reasons to Build Up
When building up, homeowners will add to their upper floors or add a new upper level entirely. In doing this, you will likely need to strengthen your home’s foundation. The added weight of your new rooms may be too much for your home’s current base to handle, and strengthening a foundation can add time and cost to your new addition. However, building up is an excellent solution for homes that do not have the space around them for additions. If you have a small lot or live in a crowded neighborhood, building up is likely your best option.
Reasons to Build Out
Although building out reduces the space of your yard and the area surrounding your home, it is often a preferable option for those who have the extra space. Building out ensures that your new rooms will remain accessible as you and your family members age, and you may not have to do any work on your home’s existing foundation. Whichever home addition you decide to tackle, contact Your Project Loan for information on financing your new project.
Your Project Loan Can Help
When you decide you’re ready to get to work, don’t let financing hold you back. We offer a vast array of loan services, just for you. You’ll never need to worry about paying too much out of pocket for your home improvement projects, and you can start working on your home improvements immediately. We also are partnered with the best dealers in the area, so you’ll be supported throughout your entire project.
We know that home improvement projects like these are urgent matters. This is why we offer a nearly instant loan decision once you fill out our 60-second loan inquiry! We conduct business in all 50 states* and our rates start as low as 4.5%* and terms go up to 15 years! HFS Financial can help you find financing up to $200k* for your project! What are you waiting for? See your options today!