Have you ever wondered how much potential is locked up in your loft? How, if you converted it, you might very cost-effectively increase the square footage and the resale value of your home? Or how, if you’re looking for more space to accommodate a growing family, it could be a fantastic, far cheaper alternative to buying a bigger house?
Quality-wise, a loft conversion can offer all sorts of possibilities. It can be the solution for areas in which your home is currently lacking. An extra bedroom, if your family home is cramped. If you don’t have a very big lounge, consider transforming the loft into a den for your teenage kids or an extra living room for larger family gatherings. Or you might want that extra space to accommodate a study or a gym.
Whether staying put or selling on, you can create a truly bright space with light wall colours and an open-plan design. You can increase the natural light in the room by adding a dormer window too. There are even dormer windows on the market that can be transformed into a balcony.
Be aware that various factors come into play which determine whether a conversion will add value. Contact and consult a few local estate agents to find out whether the conversion will benefit you financially. The value will often depend on other houses in the area and whether they have a loft conversion or not. Additionally, over-developing the wrong property can be a costly mistake in terms of adding value.
The structure of your loft, planning permission and building regulations all come into play as considerations for determining the value of a conversion. If you’re local, be assured that we at Cobern are builders in Swindon with a solid reputation in building loft conversions. Call us for a full consultation.
Money-wise, a loft conversion can add up to 20% to the value of your home. That’s an increase of up to £40,000 on a £200,000 house. Pricing can vary drastically, depending on location and the complexity of the work, but basic conversions can start at around £10,000. This rises to £25,000 – £40,000 for a more complete conversion, perhaps with ensuite bathroom and with a dormer window.
All in all, a loft conversion is a considerably cheaper solution for adding space than digging down into a basement. With tasteful decoration, thoughtful design and a universal feel, you can easily make your loft conversion pay for itself.