Many homeowners plan to sell their homes in the future so that they can get an even better home. Of course, additions to the home can also increase its value in the future. That is why you might be wondering if a loft conversion in Twickenham can add value to your property.
It is possible, but it depends on the type of loft conversion you have done. So, if you are wondering about this, you have come to the right place. Here is what you need to know.
Does A Loft Conversion Add Value To Property?
Several studies have been done to determine if a loft conversion will add value to your property. For example, a study by Abbey Lofts showed that your loft conversion would add a value between 20 and 25% to the property if you create an ensuite bedroom. On the other hand, Nationwide found that this would only add a value of 21% to your property.
However, this will also depend on what you already have in the house. For example, if your house is incredibly spacious with multiple bedrooms, then this type of loft conversion will not add value to your property. It is also important to take into account the cost of a loft conversion before you decide to get it done on your property.
What To Keep In Mind Before Opting For A Loft Conversion
It is always good to keep some things in mind before you opt for a loft conversion. These include:
1. Is It A Good Way To Extend Property?
Before you move on to a loft conversion, you must answer this question. That is because there are many options open to you to extend your property in numerous ways. You can talk to your local estate agent about how much value the loft conversion you need will add to your property.
2. Planning Permission
We recommend that you check the website of your local borough and their planning page. That is because you will need planning permission in some regions and for some types of loft conversion.
3. Talk To More Than One Contractor
It is always good to take estimates and quotes from different contractors before you make an informed decision. That is because you don’t have to pay a high price for a conversion when there are other options available. You must conduct thorough research and find the perfect contractor for your loft conversion needs.
Final Thoughts
That was your complete guide to understanding if a loft conversion will add value to your property. It can add value to your property, but this depends on what you already have in the home and what you want to do with the loft conversion. It is also important to weigh the costs and added value before you decide to get a loft conversion.
We recommend that you do research and find the perfect contractor in your area. It will guarantee that you add value to your home in no time.
About The Author
Michelle Joe
Michelle Joe is a blogger by choice. She loves to discover the world around her. She likes to share her discoveries, experiences, and express herself through her blogs. You can find her on twitter
