What Value Will a Loft Conversion Add to My Property?

Over the years, homeowners have decided rather than moving to a bigger home and starting again, they have decided to expand their current property, providing they have the appropriate planning permissions in place and consider re-enforced flooring.

If space is restricted at the side, front, or back of the property or you don’t want to lose any of your garden/parking space, there is always the option to convert your loft to make an additional living space or bedroom facility.

Depending on the size of the loft, you could extend your bedroom accommodation to add either one or two bedrooms with a bathroom too. This will certainly add value to your property when you come to sell it, particularly as you’ve not taken any additional floor space area off the main property as more and more homes have more than two to three cars and like to keep as much space for parking as possible.

It is essential the correct planning permission is sought before you convert your loft and ensure the architect plans are also approved before work commences.

The additional space you have created in your loft will impact the value of the property and it is advisable you seek to gain an indication of how much value will be added to the property before you commence any work.  For example, if it will cost you £10,000 to create the additional space, there is very little profit and you don’t really need the space, is it really cost effective to do?