A loft conversion can increase your home’s value up to an average of 20%. That’s one of the advantages of investing in this type of home renovation project. Going through the process of converting your loft not only adds financial value to your home – it creates an extra living space as well.
Whether you’re thinking of creating an attic room or turning the loft into an extra bedroom, there are many design options and possibilities when considering a loft conversion. From choosing the right windows to design features like lighting and decor – you can turn the attic into another level of the home and unlock the potential of extra comfort and spaces.
When planning a loft conversion it’s important to know how much value it can add to your property. Read on to learn more about the financial benefits of a loft conversion and how to make the most of this renovation project for your home.
Calculating Value Increase
A loft conversion could increase the value of a property up to 20%, depending on the size of the loft, the amount of work that needs to be done, and the type of conversion. Factors like location and any planning permission needed may also affect this figure. It’s important to always get in touch with a surveyor to help you get an approximation of the monetary value a loft conversion could add to your property.
Your surveyor may also give you an idea of what the average cost of a loft conversion is and how this relates to the projected increase in your home’s value.
Costs of a Loft Conversion
It usually costs around £30,000 to do a full loft conversion – though this amount may vary according to the size of the loft space and the type of conversion. If you hire a professional company to do the job for you it will cost a bit more as they will have to charge for labor and their services, but if you’re feeling confident and want to take on the project yourself, you might be able to make some savings.
Cost doesn’t just come down to the material or labor you spend on the conversion, it also comes down to the design and the type of layout you choose. If you want to go for a luxurious design, it will be more expensive than a standard conversion. You may even be able to save money by repurposing existing furniture and objects instead of buying new ones.
Remember that investing in a loft conversion has a lot of benefits – aside from just increasing the value of your home, it can give you extra space or a place for guests to stay when they come to visit. It may also open up new possibilities like adding an office area, a reading nook, or a relaxation spot to your home.
Things To Keep In Mind
- The value a loft conversion adds to your property may depend on the size and scope of the project.
- It’s important to talk to a surveyor to get an approximation of how much more your home could be worth after the conversion.
- A loft conversion could add 20% to the value of your home, but this amount might vary according to different factors.
- Investing in a loft conversion is not just a financial decision, it also adds more living space and comfort to your home.
Conclusion
Considering the amount of money and planning that goes into a loft conversion, it can be a great investment for any homeowner. Not only does it add extra value to your home, it also adds comfort, extra living space, and greater appeal to prospective buyers. It’s important to consider all the costs, talk to a surveyor, and weigh up the potential value when planning to do a loft conversion.