What are the benefits of loft conversions?
Everyone knows a loft conversion is designed to give you more space, but there are a whole host of additional benefits you may not have considered. As well as increasing the amount of useable space in your property, a loft conversion can enhance your home in a variety of other ways too.
Adding value to your property
A loft conversion is one of the quickest and most cost-effective ways to increase the value of your home. By adding an extra bedroom, you could increase the property’s value by an average of 10%. If you include a bathroom in your loft conversion, you can even boost the value by around 20%, which is certainly a considerable amount.
In many cases, the cost of a loft conversion is dwarfed by the value it adds to your home. By investing in your property in this way, you can gain the extra space while you’re living in the property and potentially recoup your costs, and more, when you come to sell.
Furthermore, a loft conversion can add more value than a single storey extension. In terms of bedrooms, upstairs rooms are generally more sought-after. While a downstairs bedroom can increase the value of your home, potential buyers tend to view upstairs bedrooms more favourably.
In order to obtain an upstairs bedroom via a standard extension, you’d need to commit to having at least a two-storey extension added. This would significantly increase the cost of building works and is likely to be far more expensive than a loft conversion. By opting for an upward extension, you can maximise the value added to your home and stay within your construction budget.
Avoiding the cost of moving
Moving house can be stressful, expensive and time-consuming but you may feel compelled to find a new property if you don’t have enough space in your existing home. Regardless of the actual price of a new property, you can expect to spend in excess of £5,000 on moving costs alone. With fees for structural surveys, stamp duty and other administrative costs to cover, you need to have a considerable budget to make it feasible.
Whilst the cost of moving house can be difficult to manage, the stress associated with moving to a new property shouldn’t be overlooked either. You may need to move to a different area in order to find a larger property within your budget and this can mean changing jobs, starting at a new school and being isolated from your support network.
In addition to this, you’ll need to consider the practical aspects of moving to a new home. Even if you try to undertake the move yourself, you may need to factor the costs of storage, van hire and time off work into your budget.
If you’re only considering buying a new property because you need the extra space, a loft conversion can be a fantastic alternative to moving. With the opportunity to significantly increase the square footage of your property, you can gain a considerable amount of space simply by extending upwards.
With no need to pay for expensive surveys and no tax liability to consider, investing in your home can be a stress-free and cost-effective way to get the extra space you need, without the upheaval that comes with moving to a new location.
Retain your outdoor space
Extending a property can have many benefits, but a standard extension will reduce the amount of space around your home. If you add an extension to the rear of the property, for example, you will lose a significant amount of your garden or yard. Whilst a side extension may provide some additional internal space, this could limit access from the road or driveway to the back of the property. On a day-to-day basis, having limited access to your back garden from the front of your house can be tricky, so this may not be the best solution.
With a loft conversion, however, you can retain your existing outdoor space and still access the additional internal space you need. In fact, when you opt for a loft conversion, you won’t need to limit your plans or reduce the size due to concerns over taking up too much outside space. Giving you the best of both worlds, a loft conversion enables you to enhance your property whilst retaining your garden, driveways and side access.
Circumventing the need for planning permission
Most standard extensions require planning permission, so this is something you’ll need to factor into your plans if you want to add a single or two-storey extension to the property. In contrast, loft conversions don’t always require planning permission in order for work to commence. Although some types of upward extensions will require approval from the Local Authority, Velux loft conversions and many types of dormer conversions can be carried out without the need to obtain planning permission. This can reduce the planning stage of your project and enable you to proceed with a loft conversion more quickly than you could with a standard extension.
In addition to this, a loft conversion will give you a great view from your property and ensure you can enjoy the local landscape. In comparison, a single storey extension may only give you a view of your next neighbour’s wall or garden fence.
Furthermore, you can rely on a loft conversion to give you the privacy you require. Whilst standard extensions are overlooked by neighbours, an upward extension isn’t typically overlooked by anyone. Whether you plan on using your loft conversion as an extra bedroom, a home office or a gym, you’ll have peace of mind that you’ll have all the privacy you need.
With so many benefits associated with loft conversions, it’s not surprising they’re one of the most popular ways to enhance a property. If you want to learn more about converting your loft, why not get in touch with us? Simply contact the team at Construction HQ and we’ll be happy to provide all the information you need.