Loft conversion has now become a popular and a major home improvement most home owners are implementing. This has also been regarded as the most convenient and cost effective way to increase living space in your home. The value of a house in most cases is determined the amount of space it has.
How a Loft conversion adds value to your property by 20%
There are many reasons as to why this type of extension is appealing to potential buyers; extra space and mostly additional rooms will always top the list for people who are on house hunting. This means that when done well, the extension can be an attractive feature. The designed space created by the conversion can add character to the house. Loft conversions that have sky light windows and are specious are the best for an office. A home buyer who wants a study room will be willing to pay extra just for the office or study.
It is important to understand that loft conversion can add value to your property only if it is done by a professional and correctly. Home owners who wish to undertake this project are advised to first do their research to make sure they will definitely recoup the money invested in the project and hopefully get some extra.
Things to consider
If you wish to boost the value of your home by 20 percent, you need to first consider the type of conversion and the location of the home. You should also know who will carry out the project and what type of houses are in the neighbourhood. For instance, loft conversion in big cities will surely increase the value of the property substantially. This is because space is highly sought after in crowded areas and the competition for them is strong.
You may also need to have a good idea of the most practical type of room you want the extension to make. The most appealing rooms to buyers are extra bedrooms, playrooms and offices than bathrooms.
The key aspect of trying to increase the value of the property is to do it as cost effective as possible. However, this doesn’t mean that you should strive at using the least amount of money to the extension. You may end up having a shoddy extension done and this may not boost the value of your home by 20 percent. Ideally, the work is best done by a professional who will ensure that the project is done reliably, runs smoothly and makes the most of the available space. However, if you really want to save cost with DIY, you can try it with the interior decorating once the basic construction is done.
The last thing you need to do is ask yourself how much you are likely to gain after the loft conversion. You should not set unrealistic price simply because you spent much on the project. The best way to go about setting the price is by consulting estate agents in your area and inquire about the value of similar houses in the area.