Get Home Ready for the School Year: Renovation Loans for Family Spaces

As summer winds down and the new school year approaches, many families are shifting gears. Beyond stocking up on school supplies and new clothes, have you considered if your home is truly ready for the academic demands and evolving needs of your family? For families seeking to optimize their living environment, Southern Trust Mortgage offers family-friendly mortgage renovation solutions designed to help. From dedicated study spaces to accommodating growing children, your home's functionality can significantly impact a successful school year.  

What do you do if your current home doesn't quite meet your family’s evolving needs for the school year? 

While some may consider beginning house hunting again for a home that checks all the boxes. Others may choose to take out a renovation loan to turn their current house into the home of their dreams.  

Renovation Loans offer creative mortgage solutions to transform your current house, or even a fixer-upper purchase into the ultimate family-friendly learning environment. These loans are designed to finance improvements that enhance functionality, comfort, and ultimately, academic success. 

Here’s a list of home additions and upgrades that not only increase property value but also directly encourage academic growth and improve overall family well-being: 

Dedicated Study Spaces: Making Home(work) Happen: 

The kitchen table might have worked for a while, but as children get older and academic demands increase, they often need a quiet, more organized study area. A dedicated study space minimizes distractions, improves focus, and fosters independent learning, making homework less of a chore 

Solution: Easily build a custom study space, designated focus area in an existing room or consider converting an unused closet into a study nook with a renovation loan. These small additions can make a huge difference in productivity for your student.  

You can expect to see a 71% Return in Investment (ROI) by repurposing a space that was previously not used or not finished. (NAR) 

Accommodating Growth: Adding Bedrooms or Additional Space 

Kids grow, and sometimes, so does the need for more personal space. If your children are sharing rooms and craving their own territory, or if you're planning for future family expansion, an extra bedroom might be on your radar. This is key for privacy, sleep, and overall harmony during the busy school year. 

Solution: Build an extra bedroom addition or reconfigure existing layouts to work better for your family's evolving needs, creating comfortable and private retreats for everyone. 

If your home is adding a third bedroom, you can expect to see an ROI between 80% and 100%, but if your home already has three or more bedrooms, adding an additional room will result in ROI falling between 60% and 70%. (Angi) 

Improving Family Common Areas: Where Connection Happens 

The school year often comes with busy schedules, extracurriculars, and varying energy levels. Comfortable, well thought-out common areas that separate schoolwork from social spaces can create a calm place to unwind, connect, and bond together after a long day.  

Solution: Upgrade your family room to be more inviting and spacious, or explore creating an open-concept living space for better flow and connection. Doing a kitchen remodel could also be a great alternative, resulting in the greatest possible ROI and a space for family and friends to gather after a long day.  

With a minor kitchen remodel, you can expect to see a 60% Return on Investment. (NAR) 

Ready to determine your next steps to a school-year ready home?  

Investing in your home isn’t just about property value; it’s also about investing in your family’s comfort, productivity, and academic success. Whether you're dreaming of a dedicated study nook, adding an extra bedroom, or simply want to optimize your living spaces for the busy school year, Southern Trust’s renovation loans can turn those dreams into reality. 

Contact your favorite WSRE REALTOR® to get you in touch with a Southern Trust Mortgage loan officer today to determine your home financing options!