Can you add home addition costs to a mortgage?

• <div><p>You can’t add home addition costs to an existing mortgage, but you can include them in a new mortgage if you take out a rehab loan. Rehab loans—FHA-backed 203k loans and conventional rehab loans—are for more than the value of a property, and the excess is meant to cover the cost of a renovation or home addition.</p></div>

Do shipping container homes hold value?

• <div><p>Yes, shipping container homes have a very high resale value if they’ve been well maintained over the years. You can resell this home similar to how you’d resell any home. The value depends on the market and the condition. As a bonus, you can transport many container homes depending on the design, which makes them easier to sell if the local market is challenging. </p></div>

Is it more affordable to gut a house than build a new home?

• <div><p>Whether it’s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it’s usually less expensive to renovate a home than to build new construction. </p><p>Most homeowners pay between <b>$100,000 and $200,000</b> for demolition and remodeling costs, whereas the average <a href="https://www.angi.com/articles/how-much-does-it-cost-build-house.htm">cost to build a new home</a> is between <b>$139,000 and $531,300</b>. </p></div>

Does building up or building out provide more ROI?

• <div><p>Since building up tends to provide useful bedrooms and other extra spaces without the need to do a lot of foundation work and cut into your yard, second stories tend to have better ROI—up to 65%—than other kinds of additions. But ROI will depend on the type of rooms you are planning and what your current house has. It’s not a very reliable way to judge the success or failure of a project, so consider other factors as well. </p></div>

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Last update on December 06, 2025

Reviewed in January 2025
Jonathan Hobbs and his team did a great job and we will be calling on them for any home building repair and renovation needs for sure.
Hobbs Home Improvements, LLC
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Reviewed in December 2024
One of the most driven young men Iâ ve come across. I hired him to remove an old 12x20 shed and he was in and out before i arrived home from work. Within the following weeks be returned to lay stone around my home and build a fire pit where the shed used to be. When it comes to landscaping or...
Jamars landscaping
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Reviewed in April 2020
We are in the process of trying to resolve issues during the build. Buyer beware. Check out other builders before you choose K Hovanian.
K HOVNANIAN HOMES
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Reviewed in May 2017
With Garland New Homes (formerly Garland Griffin Homes), the customer is always wrong! The builder didn't earn his fee as the "general contractor". He wasn't worth the premium he charged me per square foot and he didn't deliver the quality he promised. His project manager and suppliers partially...
GARLAND GRIFFIN HOMES
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Reviewed in February 2016
FLEE !!!!! Worst experience ever. My street was somewhat finished - some lots still to go and Not one of us on our street had Insulation overhead. The Drywall tape is literally not connected to the wall for about a 8 foot run. And when the guy came out to look at it he told me ( NOT TO PAINT...
KOPF BUILDERS INC
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Reviewed in November 2014
They did very well. They were at my home for 6 hours. After the job was done, they vacuumed. We had paid extra to have them move the furniture back in place. They gave us the warranty and care information. They had to build up an area in between the master bath and master bedroom for levelling.
LOCATION CARPET CO
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Reviewed in October 2012
I can't say enough great things about Riley Home Builders. Scott and his team were incredible to work with...from the quote, to the planning, to the actual construction to the completion. He was responsive, kept us informed in every step, professional, thorough and neat. We had in mind an...
Riley Builders
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Reviewed in July 2012
Jim Hill, owner, worked with us throughout the process on the design and building of our new structure. His attention to detail was remarkable and both he and his work crew were on the job every day assuring that things went well. They were on time, on budget, and remarkably professional. We...
Brandon James Building Inc
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Reviewed in October 2011
All the projects are beautiful and beyond our expectations because of their help, access to resources and their professional team. Wish they were building homes; we would hire them and start from scratch without a worry. They are valuable partners in all our projects whether it is repair or...
The Beard Group Ltd
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Reviewed in January 2011
Borowske Builders did a fabulous job on our addition and patio. The new room looks as if it has always been part of the house. We were very happy with quality of work done. From start to finish the work was done in a very professional and timely matter. Don and his crew and subcontractors were...
Borowske Builders Inc
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Thomas & Sons Construction

Thomas & Sons Construction

The Falls Home Improvement LLC

The Falls Home Improvement LLC

J Burns Roofing

J Burns Roofing

T-N-R Electric & Construction, LLC

T-N-R Electric & Construction, LLC

P.R.L. Construction LLC

P.R.L. Construction LLC

Homes by Cape Cod

Homes by Cape Cod

The Coral Company

The Coral Company

All In Construction

All In Construction

New Image Design Group LLC

New Image Design Group LLC

Retro Construction

Retro Construction

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