Will a loft conversion add value to my house?
In short, yes. By adding more livable space with a loft conversion you will add value to your home. How much you add will depend on a few factors including the value of the m2 in your area and the quality of the finish.
Homeowners are always looking for ways to add value to their property. A loft conversion is frequently mentioned as the most effective technique to do just that.
But we get many customers asking “how will a loft conversion add value to my house?”
According to recent research conducted by the Nationwide Building Society, a loft conversion may raise the value of your home by 20%. That’s an additional £80,000 if you’re looking at a house valued at £400,000.
Why will a loft conversion add value to my house?
- It doesn’t require planning permission (in most cases).
- It’s typically less expensive than moving a house or building an extension.
- The value increase is often greater than the cost of the conversion itself.
It’s the most effective approach to increasing the size and value of your property.
Below we explain how a loft conversion actually adds value to your house.
A loft conversion will add value to your house by creating more space
A loft conversion is a great way to add usable space to your home and increase its value. You can add extra bedrooms, a home office, or even a playroom for your kids by converting an unused loft into a livable space.
How an extra bedroom affects the value of your property will depend on the area you live in. This table from Rightmove will give you an idea.
You will have to adhere to specific building regulations in order for your house to be upgraded from a 3-bedroom house to a 4-bedroom house for example.
We have the experience to ensure that you will not have any problems with building control.
A loft conversion is cheaper than a house extension
A loft conversion is a great way to add usable space to your home without breaking the bank. A typical loft conversion will cost less than a house extension, and it can be completed in a fraction of the time.
If you’re looking to add value to your property for less a loft conversion is the way to go. Not only will you add value to your home, but you’ll also get to enjoy the extra space for years to come.
Most loft conversions don’t require an expensive planning permission
In the United Kingdom, it is typically much easier to convert your loft into a livable space if you don’t need to go through the process of getting planning permission. This can save you a lot of time and money.
In most cases, you will only need to apply for building regulations approval, which is a much simpler process. There are a few exceptions to this rule, so it’s always best to check with your local planning authority before starting any work.
However, in general, you won’t need to go through the hassle of getting planning permission for a loft conversion.
Read our UK loft conversion planning permission guide for more details.
If you’re considering a loft conversion, there are a few things you need to keep in mind
First, make sure your loft is suitable for conversion. It needs to have enough headroom and be structurally sound.
Secondly, think about what you want to use the space for. An extra bedroom or bathroom will add the most value to your property.
Thirdly, get quotes from a few different loft conversion companies to make sure you’re hiring a company that understands your vision and can advise you on the best way to achieve it.
A loft conversion is a great way to increase the value of your home. With the correct planning and execution, it can be a cost-effective way to add extra space and value to your property.
A loft conversion is a great way to add value to your home without breaking the bank. In many cases, it’s cheaper than a house extension and can be completed in a fraction of the time. This makes it an attractive option for homeowners looking to increase the size and value of their property. If you’re considering a loft conversion, we recommend talking to a professional to get an accurate estimate of the cost and time required. With a little planning and effort, you can add significant value to your home with a loft conversion.
Check how much here.