A garden room is an excellent addition to any home. It’s a space that you can use for pretty much anything from an office to a guest bedroom, a playroom, or a gym. Garden rooms are available in a wide range of sizes which means that you should be able to find the ideal outbuilding no matter what your garden looks like, your requirements for the garden room, and your allocated budget.

Now adding a garden office or a general use garden room will obviously affect your pockets. There’s no doubt about that. And not everybody will have that sum of money sitting in their bank account! There are, however, various ways to fund your new room in the garden from paying for it outright or by spreading the cost over time, making the impact on your finances less dramatic.

If you fancy creating more space with a garden room but are wondering how to finance this type of outbuilding, then read on; we will explore some of the options in this blog.

Savings

If you have savings available, then you have the option of purchasing your new garden room outright. The benefit of this is that you won’t pay out any interest on your purchase. Of course, not everyone has savings, but if this is the case then don’t worry as there are still alternative options available to you.

Finance

One option to help you purchase a garden room is to get financing. Finance usually entails the lender paying an initial sum, and then the rest of the cost is spread in monthly repayments for a period of around 3/5 years. A bit like buying a car really!

As a leading garden room provider Super Spaces has partnered with Kandoo Finance to bring you financing options across all our garden rooms on our website. Finance is available subject to passing the credit checks. You can apply via this link – Garden Room Finance.

Acceptance is subject to status; APR will vary depending on individual circumstances.

Personal Loan

A personal loan is another way to obtain the financing needed to purchase a garden room. Personal loans can either be unsecured or secured against assets such as your home. Secured loans are a lower risk for the provider and usually have a lower APR; they are secured against assets such as your home.

An unsecured loan is a popular choice because it isn’t secured against your home or assets. You can shop around online with comparison sites to find the best rates of interest for you. This will depend on your credit score. People with a higher credit score will secure better APR rates than those with lower scores. This is because they are a lower risk to the lender.

Rent Out Your Garden Room

Initially, you would have to purchase the garden room using the above methods, but to recover this investment back over time you could rent out your garden room. If your garden room is a spare living quarters that you have had built, then you could allow people to stay in via a website like AirBnB or rent it our privately yourself. Another option would be if the garden room was being used as an office or studio to rent out the garden building to a small business owner or someone who needs a garden office. This could provide an affordable solution for someone needing a garden office to work from and provide you with a bit of regular income.

Tips for getting your credit application accepted

Any form of finance will need to be approved by a lender in our case it would be Kandoo Finance. This means you will be credit-checked using data from your credit report. Below we have listed some ways to help you improve your chances of being accepted.

  • Check your credit report yourself first. This is now free to do online. Make sure you check the three main companies Equifax, Experian, and Trans Union, as scores may differ.
  • The report will show you any errors, so make sure you fix them before your application is made.
  • Always ensure your payments are up-to-date.
  • Hard credit checks show up on a credit report, so if you know you’ll be applying for a loan, try not to apply for other forms of credit for a while first.
  • If you have had problems with debt in the past or bankruptcy, try and find specialist providers. Your APR will likely be higher.

As you can see, there are many ways to pay for the purchase of a garden room. Before committing it is always advisable to conduct your own research into finance available to you, the interest costs, the total repayable amount and to ensure the payments are affordable. Financing a garden room is the same as financing any other large purchase such as a car. Weigh up all of your options and make the right choice for you.

Contact Super Spaces

Located in Rye, Super Spaces offer a professional and bespoke garden room service throughout Sussex and Kent that caters to your personal requirements and individual business needs. We will work with you to create a bespoke garden room retreat that is just right for your personal needs and your garden.

Whatever you need the space for, we have the garden building solution for you. Super Spaces offer our range of fully insulated garden studio rooms throughout Sussex and Kent and the surrounding areas.

Our garden room experts are always on hand and happy to help you select the right garden room or garden building that suits all tastes and requirements. Each of our garden buildings are created with you and your family in mind.

Contact us today on 01825 872847 to find out how Super Spaces can transform your mental health and personal life by supercharging your garden space to meet your needs.

Or why not come and visit our garden studio showroom located in Rye Harbour, East Sussex – Super Spaces Showroom

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