Loft conversions present a difficulty that all homeowners will eventually have to deal with. As your family expands, the once spacious home may now feel inadequate. You have to wonder if it’s the correct time to cash out and move on.
No matter how badly you need more space for entertaining, it can be discouraging to consider the cost of moving. Costs like stamp duty, legal expenses, survey costs, and more can easily add up to thousands of pounds, all of which are non-refundable.
The emotional investment you have in your home and the prospect of changing schools for your children are other important considerations.
How can one maximise the value of their home without incurring the hassle of a relocation project? Adding more space is the obvious solution. That’s structural flexibility at its finest, and it’ll let you put in just the right amount of extra space. However, many of us simply cannot afford the additional time or effort required to extend our stays.
Rather than looking down, where your feet have been treading for so long, you should turn your gaze skyward, into the loft. Your loft might be suitable for conversion, depending on a number of criteria. This includes the shape and height of the roof, as well as the viability of a stairway. Loft conversions in Surrey offer several advantages over additions. It wouldn’t reduce the area of the garden and is less likely to need planning approval. The time and money required to complete the task can usually be reduced. Yes, it is possible that this will increase the value of your home slightly.
Could adding a loft make the house more valuable?
Incorporating a double bedroom and bathroom into a loft conversion can increase the value of a three-bedroom, one-bathroom home by as much as 22 percent, according to a study by Nationwide.
Loft conversion Specialist in Surrey can be expensive, so you shouldn’t assume that the resale value of your home will cover the renovation. Second, you’ll need to investigate thoroughly the properties in the area. Take a look at the ceiling cost of homes on comparable streets.
Evaluate the price tag, the square footage increase, and the current market value of your home in relation to this information. Is there a good chance you’ll be able to return your investment and even increase the value of the property? Buying a larger house may be the most cost-effective option.