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TIP: To find out a great deal more about Loft Conversions and to Compare Costs for a Loft Conversion anywhere in the UK Click Here
Loft Conversions - Do They Add Value?
With the dramatic increase in house prices it’s no surprise that people aren’t able to afford upgrading to bigger, more suitable homes. A lot of families are finding themselves in situations where they need more living space as their families are growing. As a solution, people are starting to build upwards- converting lofts into suitable areas for habitation. It’s a significantly cheaper solution than moving homes. It’s not just expanding families that are exploring the loft conversion route, but also developers, in hope to add value to a property.
So, will a loft conversion add value to a property?
Loft conversions are one of the most useful ways to add value, with extra space coming high on the wish list of potential buyers. Loft conversions have the potential to add value by a large amount, but at the same time homeowners could be throwing money away if they get it wrong. Various factors come into play that determines whether a conversion will add value. The best way to grip onto a conclusion is by getting in touch with a few local estate agents to find out whether the conversion will benefit financially. The value will often depend on other houses in the area and whether they have a loft conversion or not. Additionally, over-developing the wrong property can be a costly mistake in terms of adding value.
How much will a loft conversion cost?
The pricing structure can vary drastically, depending on location and the complexity of the work. Basic conversions can start at around £10,000. This rises to £25,000 – £40,000 for a more complete conversion, perhaps with ensuite bathroom and with a dormer window, which changes the shape of a room considerably and maximises its living potential.
Types of loft conversions
There are three main types of loft conversions:
- Rooflight/Velux - This option involves converting the existing space and adding roof lights flush to the roof. It’s the least disruptive method. This option is generally adequate for those contemplating the smaller loft conversion, generally for a single bedroom; study etc
- Dormer - If the existing loft space is not large enough to accommodate the proposed conversion, a dormer extension can be a good option. It creates extra headroom.
- Mansard - This type of conversion is popular with inner London local authorities. The roof space is extended to the rear and sometimes to the front – usually they have brick sides and vertical windows.
Again, it might be worth discussing these options with your estate agent to determine which would add most value.
Loft Conversions Supermarket
To find out a great deal more about Loft Conversions and to Compare Costs for a Loft Conversion anywhere in the UK we reccommend that you visit:
http://loftconversionsupermarket.com
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