How much value could a loft room add to your London home?

A lot of properties grow in value over the years, but it goes without saying that most of us would all too gladly welcome an extra £5,000 if it was tacked on to the sale price of our home. The good news for buyers is that recent reports suggest house prices are on their way up in the UK, while a growing number of people are managing to secure a mortgage and complete property transactions.

But for a lot of homeowners, this still isn’t enough and they’re looking for ways to not only boost the value of their home, but improve the quality of life and the way they utilise the space inside. And how can they do this? Well, with a loft conversion.

The great thing about loft conversions is that they are very versatile. Providing the structure of your London property allows for the conversion, you can let your imagination run wild and turn your loft into anything from a bathroom or bedroom to a games room or even a gym.

Of course, the work required to do a loft conversion London will cost a lot of money and chances are no matter how much you budget for in advance, costs will gradually creep up and the final price will be even more than you expected. There’s also the time and effort involved in this type of project to consider – it’s not something that can be completed in a weekend.

So, is a loft conversion actually worth it and how much money could it add to the value of your London home?

The answer, is yes. Loft conversions are one of the best ways to add value to a home as they are creating more space – obviously bigger houses are worth more than smaller ones. There are many different options when it comes to choosing a design for your loft conversion and it will require a great deal of planning and preparation before you can commence work on the project. There are plenty of resources online that provide guidance when it comes to working out costs.

A good way to get an idea of how much money you can expect to make from your loft conversion is to chat to local estate agents and get their predications given the current housing market and after looking at the value of properties with similar changes. This should give you a much better idea of how the value of the house will change.

Another thing to think about is the quality of the work that’s done – obviously the better this is, the more value will be added. Converting a loft isn’t something you can scrimp and save on – you need to invest in this part of your home if you want it to pay you back further down the line.

Before you start, read some tips online. Everything from the building firm you use to the finishing materials and planning regulations in your local area can influence how much the conversion is worth. You also need to ensure the conversion feels like part of the house rather than an extra room you’ve just tacked on at a later date. This is something that will appeal to buyers and they should be under the impression that the house was built this way, instead of immediately noticing that the loft room doesn’t match the rest of the property.

Of course, it is impossible to predict exactly how much value a loft conversion will add to a London home, as property prices are constantly changing as the market experiences highs and lows. But it’s pretty safe to say that as long as you invest time and money into the conversion, you will be rewarded.