Will my new loft conversion designs add value to my house?
Creating an additional space is always beneficial when it comes to adding real value to the property. Every house owner, when thinking for extra square feet, they also think to add additional cost to their project.
However, if you own a home in the capital, your property values may be significantly higher than other areas.
DO INCREASE MY ACCOMMODATION REALLY ADDS VALUE?
The answer is - YES!!!
On average, a typical extension can add up to £100,000 + value at your home. Because not all conversion types and houses are equal, the value can differ depending on the location, transportation, size and as our graph shows.
However, there are ways three primary ways which give you additional space while increasing the value of your property are:
Though, as per a Nationwide report, these three major types of conversion can add a value of up to £74,000 to a property., there are many areas that need proper consideration when you go for a loft conversion, for an excellent selling point when renting or selling a property.
A perfectly well loft conversion can add 20-30% value in your existing house. However, it can be an overwhelming process for most, who have not gone through any significant work before.
Don't worry!! Nothing is here to be despair. You can find a lot of experienced builders who can help you in understanding the procedure. Also, here we are sharing a few useful tips to maximize your property value.
First, go through with your loft structure before moving ahead with any designing idea. It will help you understand whether the planning has any profitable return.
As an example, a kitchen extension usefully enhances existing domestic facilities and adds value; it does not provide any additional space. Here opting for a loft conversion offers far more potential to increase the space.
Plus, check that your existing loft should have a proper headroom for a simple roof window addition. Be sure the area is safe as converting the loft should have enough head roof. However, it may require planning permission and can take a long time. Hence prepare yourself in advance, as planning applications add significant cost to your project, which comes off as a remarkable profit at the end.
Though we are nor asking you to become a conversion expert, understanding the difference and type of conversion can be helpful for you. Each conversion has their own advantages, and knowing about them will help you to choose the right one to fulfil your requirements.
Dormer loft conversions
If your space is a bit restricted, dormer loft conversion would be an ideal choice for you. It is also known as a simple flat roof dormer and generally requires no dramatic changes but can appear unsightly from the outside. Coordinate with your architecture to get the designing ideas to make it more attractive.
Pros of Dormer loft conversion
This is an ideal conversion type for end of terrace and detached homes with a vertical wall to form a new gable end. It is becoming an increasingly popular option across London.
Pros of Hip-to-Gable conversion type
It adds additional space and is constructed by raising the party wall which involves replacing the roof slopes with steeper sloping sides. Although it is suitable for all types of houses, it is the best option for terraced houses.
Considered as the cheapest conversion type, do not alter or expand the existing space at all. It requires less structural work for installation than others.
Pros of Roof Light loft conversion
Convert your garage
Like as a loft conversion, you can add new rooms in your garage which can be done without any planning permission and add great value in your property.
Update your kitchen
Even a small makeover in your kitchens such as fixtures and fitting can impact on your house.
Renovate your rooms
Renovating your house as new trends such as -an open living area can give your home a makeover by opening up your living and kitchen areas.
Many house owners find themselves in difficulty to choose between loft conversion or moving. Here we are sharing a few points which can help you to understand why loft conversion is preferable as an alternative to moving home.
Pros of Loft conversion
Space is space no matter what you create on it. However, converting and remodelling your existing property within the planning regulatory can give you additional space.
It also determines the value, and as a loft tends to add a whole new room such as bedroom, study room, kitchen, it can turn your two-bedroom home into a three-bedroom which ultimately increases the value. It is a considerable investment & potentially increases a home's value by around 21%.
It is easier to understand it as:
Building a loft conversion offers you a plethora of incredible benefits and improves both the aesthetics and value of your home.