#loftconversionwimbledon

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Does a Loft Conversion Increase the Value of Your House?

If your primary motivation for embarking on a home improvement project this year is to eventually sell at a high price, you'll want to discover the best ways to add value to your home by adding, remodelling, or renovating one or more areas. If the return on your investment is your primary priority, however, not all home upgrades are made equal. Some, while appealing to you as the present owner, may do more harm than good to the value of your home.

When it comes to funding a major home project, most of us have limited money, and the choice is usually between making a few cosmetic adjustments here and there or going for one significant improvement - usually an extension to the existing liveable area. Which one should you choose? The one home improvement that will increase the value of your home the most. According to expert builders in Wimbledon, you should go with the latter remodelling concept, because the one home modification that will almost certainly make a significant difference to the value of your property is an attic - or loft - conversion. 

Does loft conversion add value to a house?

According to experts, creating 'the perfect self-contained sleeping space' in your attic - that is, a bedroom with an ensuite - will likely result in a maximum value add-on of 20-25%. And this will only work in areas where larger, family homes are 'in short supply.' If you already reside in an area where huge, multi-bedroom homes are plentiful, a loft conversion is unlikely to increase the value of your home.

‘You'll have to think about how you can incorporate more storage space into your home to compensate for the storage space you're losing,' he says. If you intend to stay in your house for an extended period, a loft conversion may not be practical.

Loft conversions in Wimbledon are seeing a revival, in part because homeowners are increasingly employing them as home offices. A home office, formerly considered a niche option, is now one of the most in-demand property amenities, with demand in London alone increasing from 8% to 27% by 2020, according to Benham & Reeves.

Although turning your loft into a home office will not add as much value as an ensuite bedroom - 10% vs. 20% - it will also be at the lower end of the normal loft conversion cost, making it well worth the investment.

The extra value of your loft conversion will be determined by several factors. Every home has a price limit (the maximum amount that it can realistically sell for given the location and type of property). For example, if you own a three-bedroom property worth £300,000 and the maximum price for a four-bedroom home in your neighbourhood is £320,000, adding anything other than the most basic of loft conversions will likely result in little or no increase in value. Similarly, if you only have two bedrooms and most other houses in your neighbourhood have three or more, a loft conversion may be necessary to make your home more appealing to potential buyers. 

Standing in the center of your loft, between the ridge and the ceiling joists, measure the headroom to see if a loft conversion is feasible in your property. A loft conversion should be achievable if you have at least 8ft of room, but you can get away with as little as 7ft.

Consult builders in Wimbledon or loft conversion specialists to see if your loft is a good candidate for conversion. After determining suitability, you should hire an architect or building surveyor to generate drawings and designs for you.

Lindpro has 19 years of experience working in the building industry and producing luxury renovation results in Wimbledon and surrounding areas. We have a customer centred approach to our building work and support our clients throughout the whole process. With our help, your Wimbledon home will be what dreams are made of.