March 25, 2019

Do Loft Conversions Add Value to Your House?

Do Loft Conversions Add Value to Your House

When you are thinking about making major home renovations, there is a lot to consider. One of the top questions you should ask is whether a renovation will add value to your house. One common renovation is loft conversions. With the assistance of Kst Building Services Ltd, a company of builders in London, we will see how loft conversions affect your home’s value. This will help you to decide whether to do a loft conversion on your home.

What Is a Loft Conversion?

A loft conversion includes creating a functional room out of an attic or loft. An unused space can become very useful with a loft conversion. This process includes every step of making the space functional.

What Can You Turn a Loft or Attic Into?

As mentioned, a loft conversion changes a loft or attic into a usable space. You have many different options to choose from. Here are some of the possibilities:

  • Bedroom
  • Office
  • Gym
  • Storage space
  • Playroom
  • Guest room

You may come up with your own ideas as well. You could add a bathroom, especially if the space is becoming a bedroom. Find out what you need in your home. If it makes sense, why not add it?

How Do You Know If Your Loft Can Be Converted?

Not all lofts can be converted. One of the first steps you take should be to figure out if you can convert it. There are several determining factors to consider.

According to Homebuilding and Renovating, you should think about a few main factors. First, you should make sure that the height of your ceiling is tall enough. Next, look at the roof pitch and structure. Finally, you need to look for obstacles that may make the project difficult. This may include chimney stacks, water tanks, and more.

Be sure to figure this out before getting started. If this all checks out, you can begin the project.

Do Loft Conversions Add Value to Your House?

This is a common concern that people have when thinking about loft conversions. The answer is yes, loft conversions do add value to your home. According to a study, loft extensions increased the value by 24.5% throughout London. This study analyzed more than 1000 properties in London. These homes were two or three bedrooms.

A £300,000 home could rise to a £373,170 home after a loft conversion. The conversion seems worth it with that great of an increase.

Do You Need Planning Permission for a Loft Conversion?

Some home renovations need planning permission. With loft conversions, you don’t have to worry about this. It’s not normally required for loft conversion projects.

According to Planning Portal, you do need permission in some cases. This is true if you are extending or altering the roof. This isn’t common in most loft conversions. Still, you should be aware of it and get permission if needed.

How Much Do Loft Conversions Cost?

You can expect to pay £15,000 for a loft conversion. This is for the most affordable options. If you want more done to the loft, you will be paying more. This is a reasonable expense for what you get though. Some factors will affect the cost. This includes the roof structure, the space, and how the staircase will be installed.

For the most accurate estimate, you should speak with a professional. They can give you the information on an estimate. They can also guide you in the right direction if you have questions.

What Are the Benefits of a Loft Conversion?

There are many reasons to consider a loft conversion. The increased home value is a big benefit. Here are some of the other benefits of loft conversions:

  • You will have more space.
  • You will get more use out of an unused room.
  • You may be able to avoid moving. This applies if you add an extra bedroom or another room you need instead of moving.
  • You will get a room with a view.

How Much Work Is a Loft Conversion?

A loft conversion can seem like a lot of work. In reality, it isn’t that bad. You likely will not do this entirely on your own. Plus, the benefits usually outweigh the workload.

When you begin a loft conversion, you will likely hire a team of professionals. Look for experienced professionals who have done this before. This will help the project to go smoothly.

You will probably want to hire architects, builders, and managers to lead the project. You may not even need to put any work in.

Conclusion

If you are thinking about a loft conversion, make sure you do your research. The increased home value is a nice benefit to an already great renovation. This is a good way to enjoy your home more. Then, you will make a little more money when it comes time to sell your home. There are other reasons to get a loft conversion too. Consider the conversion before making your final decision.

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