How Much Value Does a Loft Conversion Add?

A loft conversion is among the many home improvement projects that you can decide to have on your property. Whether you want to have a loft conversion for the purposes of gaining some extra space or to improve the value of your property, there are several designs that you can opt for. Regardless of how costly the loft conversion may seem, if done well, it is a suitable investment because it guarantees you value for your money.

On average, an extension is likely to improve the value of your property by at least 20%. Of course, there are several factors that are likely to impact this value. For instance, if you’re in an area like London where homes are highly-priced, then the value-added shall be significant.

According to a nationwide special report, homeowners that add a loft conversion or extension incorporating a double bedroom and a bathroom can add about 20% to the value of a three bedroom, one bathroom house.

roof light conversion

Roof Light Conversion

flat roof dormer

Flat Roof Dormer

Mansard roof extension

Mansard Roof Extension

Choosing the right loft conversion types to add value to your property

Loft conversions are a great way to make the most of your underutilised loft space. There are also several types that you can choose from depending on the type of property you have. From attic conversions to bedrooms, office, bathroom, playroom to a movie room, you can never run out of options. Also, with a suitable loft conversion guide it will be easier for you to decide a suitable option for your property. 
Highlighted below are some of the common loft conversion types that are likely to add value to your property.

  • Dormer loft conversion. A dormer loft conversion is one common option for most homeowners. It is especially suitable for homes with sloped roofs because a flat roof is constructed protruding from the sloping side thus creating additional space.
  • Velux or rooflight conversion. This happens to be the cheapest type of loft conversion because it involves very little work. It involves minimal disruptions to the existing structure and also takes the least time to be completed.
  • Mansard loft conversion. This is generally the most costly loft conversion type but it’s also known to add the most value especially when converted to an extra bedroom en-suite.
  • Hip to gable loft conversion. With a hip to gable loft conversion, it means you’re creating a vertical gable wall by extending the hip side of your home outward.
house with a hip to gable extension and a dormer loft conversion
Whatever design you choose for your home will ultimately dictate how much you’re going to spend on the project. The cost of an attic conversion shouldn't be more than the value it’s likely to add hence the need to evaluate every aspect of the project in detail. The amount of work involved is yet another thing that will significantly impact the cost and also duration for your project. You need to consult with a loft conversion specialist for professional guidance so that you can make informed decisions regarding your project.
For this you’ll need to be diligent when choosing the right person to work with. Remember if a loft conversion is done poorly it might cost you more in the long run! This is something you’d want to steer away from. 

Important things to consider when building a loft conversion project

Just like any other construction project, having a loft conversion does need thorough planning before commencing. This way, you’ll be able to avoid any unplanned expenses or problems while the project is underway. Some of the essential things you need to consider include the following:

  • Your budget. Whatever design you choose should be within your financial reach. The good thing with having a loft conversion is that you don’t need to break the bank for the best option.
  • Viability of your project. Establishing whether your property is viable for a loft convert before embarking on any thorough planning is essential.
  • Choosing the right builder. As mentioned earlier, a poorly built loft can end up costing you more than it should. Thus, bringing about the need to work with a qualified building company in London.
  • Planning permission and party wall agreement. You need to establish whether your project falls under permitted development or if you’ll require planning permission. Also, a party wall agreement might be necessary especially if your home is bordering a shared wall. All costs incurred during this process need to be factored in to the overall cost of the project.
  • Type of building. Whether it’s detached, semi-detached or terraced, the type of building will help you decide on a design that best suits your property. 
  • Adherence to building regulations. All homes should be constructed adhering to the safe living standards.
bedroom in a dormer loft conversion

There are other factors that you’ll have to put into consideration before commencing on your project but these are just a few of those. The other factors can include the size of your property, type of roofing, and adherence to building regulations among many others. When it comes to adding value to your home, there are several factors which will influence the property value. Some of these factors are as highlighted below:

  • Location of the property.
  • Availability of mortgage finances and the interest rates
  • Security levels in the area
  • Air and noise pollution in the area
  • State of the economy and issues affecting the nation.
  • Access to basic amenities and infrastructure
  • Culture of the neighbourhood
  • Structural defects and poor maintenance of the property
These are just some of the factors that are likely to influence the value of your property. Some of these can scare away any potential new buyers. So whatever design you choose to work with, you should ensure that you do not devalue your property in the process. Thorough planning and working with the right contractor are one way to go about it.
Always remember, a suitable project is one where the overall cost of the project doesn’t exceed the anticipated ROI (Return on investment).

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