Benefits of a Loft Conversion
Many home owners choose to convert their loft space for a variety of reasons and purposes. From increasing space and storage to adding value and functionality, a loft conversion might be the best home improvement you ever undertake!
Increased Living Space
Converting your loft into a usable space is a great way to add to your living area without the upheaval of moving house.
Whether you need an extra bedroom for your growing family, or maybe just a guest room, a loft conversion could provide the solution. You can design your loft conversion to suit your specific needs.
Increased House Value
A loft conversion is probably the biggest and best investment in your home you could make. Experts suggest that the average value added by a loft conversion is around £20,000 with an average return on investment of 200%!
By comparison, most extensions only add around £16,000 and are a lot more costly to complete.
You may choose to adapt your loft conversion into self-contained living quarters to allow you rent it out or take on a lodger. If financial benefits are your major concern, this is a really smart way to maximise your return on investment. Not only will the loft conversion add substantial value to your property when you decide to sell, you’ll be able to turn it into a regular income in the meantime!
However, taking on a lodger is a big step and you’ll need to think carefully about taking on the additional responsibility. Ensure you do your research so you know what you’re letting yourself in for.
You Don’t Need Planning Permission
Anyone who has ever decided to extend their property will be familiar with seeking planning permission from the council and all of the time and effort that goes into it. However, planning permission is not usually necessary for loft conversions as they tend to have little effect on your neighbours.
This is what’s known as Permitted Development Allowance. It’s applicable to most houses but there are exceptions (such as flats or maisonettes). If you’re not sure whether Permitted Development Allowance will apply to your property, contact your local authority for clarification.
A New View
If you live in a built-up area, the chances are that the view from your windows consists mainly of other houses. Choosing to install a window in your loft conversion may give have a dramatically improved view from high up. If you live in a rural area, having a window high up in the house can give you an ideal vantage point to enjoy the natural beauty around your home.
The potential benefits of loft conversions are endless. You can build your own ideas and needs into your design to ensure your loft space suits the intended purpose. The first step is to get your ideas down on paper and talk things through with a designer who will be able to advise you on the next steps.