Does Loft Conversion Add Value to The Property?

With property prices rising at a staggering rate, it has become almost impossible for families belonging to the moderate or low income groups to shift to a bigger and more suitable home. However, with increasing family size the need of extra space is felt by a many of us. As a solution to this problem, many families are considering to covert the lofts into living space. Along with providing extra living space, loft conversions help homeowners save money, since this is much cheaper than moving into a new house.

According to housing experts, a loft conversion can increase the value of your property by 20 percent; as compared to 4.9 percent for adding extra bathroom and 10 percent for adding extra floor space. Moreover, the chief economist at Nationwide Building Society reveals that homebuyers are willing to pay more for extra living or useable space, since this provides better quality accommodation. He also adds that location of the property remains the key factor when determining property values, but other additional factors such as loft conversions, etc. also add to the value. 

Why are loft conversions easier?

Loft conversions are considered to be a better way of adding extra space to your home since it requires lesser investment and labour to turn it into a full-fledged living or bedroom. Adding an extra room would require you to take permissions from the local authorities, hiring architects to design the new room and contractors who would build the room; whereas for a loft conversion, you would only require hiring an interior designer who would help you utilise the available space and turn it into a useable space. No permissions or architects are required for loft conversions, so you can save time, energy as well as money. Even if the loft require a bit of repair work, the interior designer would be able to take care of it.

Hire a Fitted Furniture Designer for Loft Conversion

Lofts usually have several awkward angles and weirdly shaped walls; so it might become difficult for you to accommodate ready-made furniture. So it is always best to get the furniture custom-made for the loft space. A fitted furniture designer would help you use every corner of the loft and create furniture that will enhance the aesthetics of the room, as well as maximise the storage space. 

Right from the bed to the wardrobes, chest of drawers to bed-side tables, you need everything made-to-order, so that they fit in perfectly within the available space. Lofts can be converted into living rooms, bedrooms, children’s play area or even a study; so depending upon what kind of conversion you are planning; you must choose appropriate furniture. 

By converting your loft, you can sell your home for a better price and consider shifting to a bigger and better home with quite some money in hand. A loft conversion not only increases the value of your home, but it also offers new opportunities to the homeowners. So if you need extra space, think of converting an available space into a useable space instead of adding extra space to your home. 

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