Do Loft Conversions Add Value to Your Home?
If you’re looking to add value to your home, the best way is to increase the square footage by adding space. When doing this, many homeowners opt for a rear extension. However, where planning permission can’t be sought, or if you’re looking to extend multiple parts of your property, a loft conversion works well.
Loft conversions add value to your home, and they don’t require planning permission, which makes them a popular choice for extending. The one drawback is whether a loft conversion is actually possible.
The shape and pitch of your roof will largely determine, a) whether or not it can be done, and b) at what cost. Some roofs are more complex than others and converting the loft comes at a much higher price.
What is the best roof for a loft conversion?
The easiest loft conversions are those in properties that with a gable wall; two roof sections sloping in opposite directions, separated by a gable wall each end. This is the most common type of roof in the UK – good news if you own a property in this category.
Gable end walls are much better at supporting new beams and purlins when you come to extend making the project much cheaper.
Houses with intersecting pitched roofs or hipped roofs are more challenging to convert because of the need for load bearing walls. Trussed rafter roofs can also be difficult because they have lower pitches, meaning less space. These conversions generally come at a higher cost.
A good way to initially check whether you might have space for a loft conversion is to stand in the centre of the loft at its highest point. If you have more than 7ft of space above you, you can start making enquiries. The next step is to speak to a local architect who can draw up plans in line with what you want.
How much value can I add to my property with a loft extension?
According to the Federation of Master Builders, a loft conversion can increase the value of your property by as much as 15%. Nationwide Building Society believe this to be more like 20%. If you consider that the cost of a loft conversion can vary from £20,000 to £60,000, it’s clear to see that you can add some serious value to your home and easily recoup that cost when you come to sell your property.
Generally, loft extensions can be completed a lot more quickly than an extension and cost a lot less. Combined with the fact that no planning permission is required loft conversions are a great choice for adding space if your property allows for it. Get in touch with your local architect and discuss your plans to get the ball rolling.
For more information on loft conversions, get in touch with Bluelime Projects. We have consultants across London and the South East. So call us today on 01322 515 923 for further information on how we can help.