A loft conversion is a great way to add value to any home, but there are also drawbacks that you should consider before starting work, according to loft conversion experts.
The most obvious one is the inconvenience of having the top of your house virtually removed while the conversion is being carried out.
Converting a loft is not a cheap option. Obviously the cost of the work will depend on the size of the conversion and how elaborate the final extra area is.
Prices vary from around £10,000 for a small basic conversion up to £40,000 for a loft with a bath room installed. These are just rule of the thumb prices and a more detailed estimate from a specialist loft conversion builder will give a more accurate price.
The value of a house should be taken into consideration before any decision is made. A small terrace house valued at £160,000 would not recover a cost of a £40,000 loft conversion, where as a modest conversion of say £15,000 would show a profit of around £17,000 if the values increased by twenty percent. Obviously a £40,000 loft conversion would produce a very healthy increase in value on a house worth £350,000.
You must take expert advice
So the answer to the question “would a loft conversion be the best way to add value to your house?” is yes. As long as you take all the advice the experts will give you, and do not over spend on the budget you set yourself.