Adding Value With A Loft Conversion

A loft conversion is the biggest type of extension you can carry out on your home. It can cost from £2,000 for a basic loft conversion to a breathtaking £30,000 for a large loft conversion. So before you start, you’ll want to know: does a loft conversion add value?

Loft Conversions Do Add Value

The good news is that a loft conversion can add from 15% to 20% on to the price of your home, depending on the type of loft conversion you choose. If you’ve had a large loft extension, with extra rooms and an en-suite, you could be adding extensively to the price of your home.
Find a local loft conversion specialist and ask them for advice. A good loft conversion firm will make sure you get the best value from your new loft.

Getting It Right

For a loft conversion to add value to your property, it will have to have a stable staircase that leads up to the loft. You can only view the loft as an extra room if you have this in place, and if it’s an integral part of the house. You should also make sure that the room is fully functional - so there should be electricity and electrical sockets. Your loft won’t add any value to your home if it’s just a temporary shell or it hasn’t been built into the original property. Make sure that your loft conversion is structurally sound and that it has permanent walls.
The price you pay for your loft conversion will determine how much of a return you get from your money, and you’ll only start seeing your return after about five years. If you sell your home straight away, you may only get the same return on your loft as the price you paid for it - so make use of your extension and enjoy it while you’re living there. If the cost of your loft conversion was mainly spent on structural work, then you’ll get less return for your loft when you come to sell your home.

Location Matters

How much a loft conversion adds to your home also depends on where you live. The greatest gain is typically in London - but a loft conversion will cost more in southern England too.

So when you’re considering getting a loft conversion, think of it as an investment in your home. Remember, a good loft conversion can add up to £100,000 to the price of your home so you’ll want to get it done properly.

Finding A Loft Conversion Specialist

Call in a loft conversion specialist and they’ll be able to advise you which loft conversion will suit your property, and how much value your extension will add to your home. Make sure you get a couple of quotes from different tradesmen so you can compare prices.