Do Attic Conversions Add Value

A loft conversion can provide some much needed extra space for a growing family and really add value to your home.

Do attic conversions add value.

If you can afford to face the hassle and the costs there is no better way to add space and value to your home. For instance if your home is valued at 150 000 you won t want to spend above 15 of that or 22 500. But how much does an attic conversion cost. Now not all loft conversions are created equal.

Gilbert says that while most attics can technically be converted under current building regulations 95 per cent of the work he has done falls into the more popular and cheaper option. If you re looking at a house valued at 200 000 that s an increase of up to 40 000. It s a great way to add value and space to your property and far less faff than moving. If you have been using an attic for storage you will have to find somewhere else to put your clutter.

Recent research carried out by the nationwide building society has stated that a loft conversion could add up to 20 to the value of your home. There s variety of price factors from the type of attic conversion construction how complex your design is the structural work required as well as planning and professional fees. Yes especially when you compare to the value of a finished basement which will appraise for about 30 less in value than above ground space. Homeowners in the uk could add up to 100 000 to the value of their home by converting their loft if they open up 24 square metres of new space in their property.

They will certainly add more value to your property and may be the best option for your family. If you have the space already in the loft i e the height between the bottom of the ridge timber and the top of the ceiling joist is 2 2m or greater then converting it into a room simply involves adding a staircase skylights insulation and often reinforcing the floor along with final fitting and decoration. High above ground level your finished attic space will be more valuable in the eyes of the appraiser explains berg who was an appraiser for 14 years before he became a real estate agent. Kevin fitzpatrick 27th october 2011 09 46.

Do loft conversions add value to a house. The benefits of a loft conversion recent research carried out by the nationwide building society has shown that by converting a loft space your house value can increase by as much as 20. Having worked in the loft conversion industry for over 20 years and designed and built hundreds i completely believe that a conversion not only gives you a beautiful new space usually the best room in your home but also adds real value.