Aside from being an ideal way to acquire extra space without necessarily losing any garden space, loft conversions are known to significantly enhance the value of your property. Converting your loft will cost you approximately between £25,000 to £60,000 upward. On average, an attic extension is likely to increase your property’s value by around 20%.
Many homeowners tend to prefer having extensions because they’re also a cost-effective home improvement solution. However, the affordability is dependant on several factors such as the roof extension types, amount of work to be done, and duration of the project among other factors.
The value a loft conversion adds to your property is influenced by several factors. From the location of your property to the loft conversion design you choose, these factors will have a significant impact on how much value is added. Highlighted below are some of those factors:
If you’re looking to make the most of your underutilised loft space, there are several loft conversion types that you can opt for. Each extension type is known to increase the value of your home by a certain percentage.
For instance, a dormer attic conversion will add more value to your property compared to a Velux extension. You should also note that a Velux is cheaper to construct, unlike a dormer loft.
Where your property is located in the UK will determine how valuable it will be after having an attic extension. For instance, property values in the South is more compared to the North.
You’ll also notice that converting your attic in the North will cost you less than what it would if your home was in the South. Therefore, a loft conversion can add more value if your property was located in the South where land is at a premium than the North.
With London being the capital, property there is also at a premium and you are likely to add a significant value to your home with a loft conversion.
Most of the time, your needs dictate the design that you’ll choose for your attic extension. The different designs you can choose from for your loft space include the following:
Among these, there are those designs that are deemed to add more value compare to others. An en suite bedroom is one of them. Any potential buyer would prefer this because of the living space and the bathroom.
If the house is still in good condition, you shouldn’t have to worry about its value depreciating a lot. You should ensure that you maintain your property in good condition especially if you intend to attract any potential buyers.
You can always have a complete renovation or refurbishment of the entire house together with a conversion to give it a new home feel. If your property has a garden, you can do some landscaping maintenance too. The good thing with loft conversions is you do not lose any garden space.
As highlighted earlier there are several loft conversion design ideas that you can choose for your house. We shall have a look at some of those design ideas and how much value they’re likely to add to your home.
Having a loft conversion is not an easy task for anyone involved; from the homeowner, the team of builders, to the designers. To ensure that there’s a seamless attic conversion, some of the essential things to be considered include the following:
Does loft conversion add value to your home? The answer is a big yes! As highlighted below, there are other ways you can significantly improve your property’s value. These are:
There are plenty of things that you can do to add more value to your property. From the above, you can see that having a loft conversion is an ideal investment that you don’t need to think twice about. After all, the return on investment is something that is really worth it.
Loft conversions are the best option if you want to make the most of your loft spaces, improve your home’s value, or even acquire extra space. This is something that can be achieved easily with a qualified and reliable team of builders. If you wish to discuss any of your loft project ideas, reach out to get the professional guidance you need from one of our loft conversion experts. Let our team help you improve your property’s value.