How A Loft Conversion Adds Value To Your Property?
This is an article about loft conversions and how they can add value to your property. Loft conversions are a great way of adding extra space to your home without extending outwards. Depending on the type of conversion you want, it can be quite disruptive to your daily lives as it can take longer than expected and cost more than planned. However, if you want to make the most of any space in your property, then a loft conversion is definitely worth investing in.
Depending on where you live in the UK, a loft conversion can add anything from 10-20% of value onto your property. For example, in London, a typical loft conversion can add around £30,000-£50,000 of value onto your property. This is largely due to the fact that there is not much land in London and properties are built upwards as opposed to outwards.
In other areas of the country such as Manchester or Leeds for example, a loft conversion can add around £15,000-£25,000 of value onto your property. This is due to the fact that there is more land available and therefore properties are typically built outwards rather than upwards.
We’ve put together some reasons why a loft conversion can add value to your property:
The most obvious benefit of loft conversion is the extra space it creates in your property. Whether you are looking to create an extra bathroom, bedroom or living area, a loft conversion gives you the space to do so.
An extra bedroom means you can turn your family home into a five-bedroom house, which will be attractive to families with children or those looking for a house share. Alternatively, making use of your loft space for a bathroom or living area can help increase the value of your property significantly.
More storage space
A loft conversion offers more than just additional rooms — it provides you with plenty more storage space too! Whether you are planning on adding an en-suite bathroom or a new living area, there is also plenty of room for storage under the eaves of your roof. If you plan to leave some of the attic space as storage rather than transforming it into rooms, it could still increase the value of your property
The cost is less than other extensions
When you compare the cost of loft conversions to other extensions, such as conservatories and sunrooms, converting your loft is much more cost effective. It’s also easier and quicker for builders to complete.
You won’t lose any garden space
A common worry for many homeowners who want to extend their property is losing garden space. Loft conversions don’t take up any additional floor space or garden area so it’s perfect if you want to extend your property but keep your garden the same size.
They are straightforward projects
Loft conversions are relatively easy compared to other extensions because they don’t involve building foundations or moving sewer pipes. It may take longer but it will be much simpler and cheaper than constructing a ground floor extension. Find more about loft conversions here.
