What's your thoughts on using purchased binding or making a mock binding by turning the backing to the front?
If you don't secure the top edges of the mock binding you will have a sleeve for hanging.
For some unknown reason, I have to make my own binding...I've yet to use purchased binding or have binding applied by a binding machine. I'm stuck on that ole "hard way or no way" of doing things. I have thought about the mock binding method....my Mom did all her quilts that way but then you don't have a double fold binding.
How about making two fabric bindings for reversible quilts?
Here's one more link for machine applying bindings and a hanging sleeve at the same time.