Wondering whether a loft conversion is worth the investment? This blog will explore the costs, benefits and how you can add value to your home with a loft conversion.
Loft conversions are becoming increasingly popular to add an extra room (or rooms) to your home. Not only do the loft conversion in London and other places provide you with additional living space, but they also add value to your property. According to the Nationwide Building Society, a loft conversion can increase the value of your home by up to 20%.
If you're considering an attic conversion, there are some things you need to take into account, including:
Loft Conversion Cost
The cost of a loft conversion will vary on the size and complexity of the project.
A typical conversion will cost anywhere from £20,000-£30,000. However, if you're planning on adding an ensuite bathroom or other high-end finishes, you can expect to pay closer to £40,000.
While this may seem like a lot of money upfront, it's important to remember that a loft conversion can add value to your home.
Check Whether Your Home Is Suitable For A Conversion
Another essential factor to consider is whether or not your home is suitable for a loft conversion.
You'll need to check with your local planning authority to see if you need planning permission for your proposed change.
In some cases, planning permission may not be necessary, but it's best to check with your local authority.
You'll also need to consider the height of your ceilings and whether or not you can add a staircase to access the loft. Generally speaking, you will need at least 2.2m of headroom for a conversion to be feasible.
Select The Right Loft Conversion Style
1) Dormer loft conversion
This conversion is the most popular, as it is relatively easy to install and adds a great deal of extra space. A dormer loft conversion involves extending the roof outwards, creating additional headroom and space.
2) Mansard Attic Conversion
This is more complex than a dormer attic conversion and requires extensive alterations to the roof. This conversion is ideal for homes with lower-pitched roofs, as it can create a different storey within the existing roof space.
3) Velux Attic Conversion
This simpler option involves adding windows or skylights to your existing roof. This type of conversion doesn't include any structural changes and is ideal if you're looking for a low-cost option.
Maximise Space and Add Value to Your Home
Once you've decided on the type of loft conversion best suited to your needs, it's time to start planning how to maximise the space and add value to your home. A few tips to consider:
Adding an ensuite bathroom or walk-in closet
Installing energy-efficient windows, insulation and lighting fixtures
Investing in high-quality flooring and finishes that match your existing décor
Painting walls with light colours to help create a sense of space
Remember, considering quality over quantity is essential when adding value to your home. Investing in high-quality materials and finishes will add more value than simply cramming in extra space.
Overall, a loft conversion can be an excellent way to increase the size and value of your home. If undertaken carefully and with consideration for the above tips, you can be sure of a successful and rewarding result.
Tips for Adding Value to Your Home
Once you've determined that your property is suitable for an attic conversion, do this:
1) Upgrade finishes such as flooring and lighting
Installing high-end fixtures and fittings will add value to your home and make the space feel more luxurious.
2) Fit insulation
Insulating your loft will make the room more energy efficient and even help reduce heating costs.
3) Add a bathroom or wet room
An ensuite in your loft conversion can add value to your home and make it more attractive to potential buyers.
4) Create an additional living space
Attic conversions are a great way to add an extra living area, such as a home office or playroom.
By following these tips, you can ensure that your loft conversion will be a valuable investment both now and in the future.