Are New Home Additions Worth it in Woodland Hills, CA?
As a trusted and experienced mortgage lender in Woodland, CA, Nuline Funding has observed a growing trend in homeowners looking to expand their living space by investing in new home additions.
Living in Woodland Hills means you get by picturesque sceneries, enjoy a mild climate, and are close to the city, making it a desirable neighborhood in the greater Los Angeles area.
Home additions can add significant value to a property, making it an excellent investment for homeowners.
Let’s look at the top reasons you should proceed with your home addition plans in Woodland Hills.
What are the benefits of new home additions in Woodland Hills, CA?
Are you still on the fence about whether or not to add that new room, expand your kitchen, or build a guest house on your property in Woodland Hills?
You may be wondering if the investment is worth it. Here’s a list of the benefits that make new home additions worth the cost.
Increase your property value.
One of the top benefits of a home addition is the potential to increase the value of your property.
When you add square footage to your home, you create more livable space to attract potential buyers.
This is advantageous if you plan to sell your home soon, especially in a hot real estate market like Woodland Hills.
A home addition can give you the leverage you need over other sellers.
If your neighbors add new rooms or update their kitchens, you may have difficulty selling your home if you don’t keep up with the trend.
Need financing? A home equity loan in Woodland Hills may be a good option. Get in touch with one of our loan officers to learn more.
Give you more living space.
As your family grows, you may feel cramped in your current home. A new home addition can provide much-needed space for the whole family.
A new bedroom, a bigger living room, and a new bathroom can make your home feel spacious and comfortable.
Allows for customization
Another benefit of home additions is the ability to customize your living space according to your taste and preference. You may have bought your home as is and would want to create a space that matches your lifestyle.
A new home addition gives you the freedom to adjust to the new normal.
Working from home is a trend right now after the pandemic, and adding a new home office can be beneficial, primarily if you work from home.
Save money on moving.
Everyone knows that moving can be stressful and costly. By starting a home addition project, you can avoid the hassle and expense of finding a new home, packing your stuff, and moving everything to the new location.
Instead, you stay in your current Woodland Hills home and create all the space you need.
This new project works mainly if you have grown fond of neighbors and your children are enrolled in local schools and love studying there.
Increase energy efficiency.
If you live in an older home, you can increase your energy efficiency by upgrading your home’s insulation and buying the latest and more efficient HVAC system, saving you thousands of dollars on energy bills over time.
You can also add environmentally friendly features to your new home addition project like solar panels which not only reduce your energy costs further but also lowers your carbon footprint.
Improve Quality of Life
Ultimately, homeowners in Woodland Hills who have made new additions to their property have experienced a significant improvement in their quality of life.
By creating and customizing more living space, you also improve your home’s energy efficiency saving money that can be used for other purposes.
Overall, these additions can positively impact your mental and emotional well-being, which can also improve relationships within the family.
When you invest in home additions, you’re investing in your quality of life
Get in touch with a mortgage broker in Woodland Hills, to help finance your new home addition plans. We are a call or message away.
Are you looking to finance your new home addition project in Woodland Hills, CA?
In Woodland Hills, homeowners can maximize their property’s value by expanding the living room, upgrading the kitchen, or building a guest house in the backyard.
Home additions work well in Woodland Hills since there is strong demand for housing in the area.
Office workers love the proximity of Woodland to downtown Los Angeles.
We understand that not everyone can pay for a new home addition design in cash.
You don't need to look further if you want to finance your new home addition project.
At Nuline Funding, we offer a variety of loan products, including a cash-out refi in Woodland Hills, that can help you finance your home addition plans.
Call or message us, and we’ll happily assist you with all your financing needs.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.