Finding a home improvement loan to build an ADU is easier than you think. HFS Financial is able to help you find the personal loan for your needs quickly. In fact, our 60-second inquiry form can show financing options for home improvement projects. Turn your extra yard space into a place for family and friends, a teen hangout, a home gym, an office, or a money-making apartment space. Start your ADU project today.
What Is a Personal Loan?
This type of loan is one where you are not required to put up your personal assets to get the financing you need.
Many loans actually need to be secured. Think of other personal loans like student loans vs. secured loans like a mortgage. This is similar to a car loan, where the vehicle is on the line. If you default on the loan, the car is repossessed to reimburse the bank. But with a personal loan, none of your assets are at risk.
HFS Financial connects to the best personal loans to assist people with building an ADU on their primary property without jeopardizing their home or something else equally vital.
How Much Does It Cost to Build an ADU?
As you are planning to build an ADU, it is essential to know how much it costs to build one. Knowing how much you need upfront helps in the loan application process. The cost of building an ADU can vary anywhere from $50,000 to $300,000, depending on how big it is, what kind of materials you use, and how you furnish it.
HFS Financial is more than happy to help you get an ADU loan that fits what you need. Check out our 60-second inquiry form to get started on your ADU loan process.
Is It Worth It to Build an ADU Using a Personal Loan?
Many people wonder if building an ADU is worth the investment. We are here to say that it absolutely can be. To begin with, adding a structure like an ADU will add value to your home, giving you more significant financial benefits.
On top of that, ADUs can be used as rental property or space to start a business that can bring you and your family more financial freedom. It can also be used for things like a personal gym, hangout room, or family gathering spot. There are many ways an ADU can be used that make it well worth your time and money.
ADUs are an excellent addition to anyone’s primary property and have a wide variety of uses that really make it worthwhile.
At HFS Financial, we would love to help you get started in the process of getting an ADU loan and building an addition to your property. It is a move that many people have made and are loving. Visit us online or give us a call at 1-800-254-9560 if you have any questions about the loan process. We are here to help you in any way that we can. “You Dream It, We Finance It.”