Although the cost of getting a loft conversion can be prohibitive, the cost and hassle of buying a new property as opposed to a loft conversion, which will give you the extra room you need and allow you to stay in your home, can make a loft conversion a very attractive option.
It can cost anywhere from around £17,000 to £40,000 to have a loft conversion built. It depends on what kind of loft conversion you have built. If you’re really going for it with a complex loft conversion that requires lots of planning then you could end up paying at the top end of the scale. But a modest loft conversion with a bedroom and en-suite, for example, might cost you around £17k.
Whichever type of loft conversion you decide to have, remember that it could add as much as 20% on to the price of your home. The average figure is £20,000 but depending on what type of extension you have, it could range from £15,000 to £30,000.
There are all sorts of reasons to have a loft conversion. A loft conversion can be used for extra space for a growing family, for example. Or you could use the space as an office or just as a quiet retreat where you can escape from family life for a while. Your loft, away from the traffic below, with views of your surrounding area can make for the perfect area to relax.
Loft conversions are usually used as an extra bedroom, but you could also use the space as a room to rent out – so you can really make getting a loft conversion pay off.
Some people use their loft conversion as a play room for the children, so that their toys are not scattered around the rest of the home. A loft can be converted easily into a magical space for kids to play while you get some quiet time downstairs.
Or you could use the area as a gym. There are so many uses for a loft conversion, it’s just a case of making the most of the space. Careful planning can ensure that your loft conversion brings you all the benefits you want and can ensure that the money is well spent.
Planning Your Loft Conversion
Planning a loft conversion will ensure that you don’t spend more money on your extension than you’ll gain in the long run. There are other things to consider too, such as whether you’ll need planning permission. You’ll have to find out whether your property is subject to any building restrictions. If you live in a designated area of outstanding natural beauty, you live in a flat or a listed building or if you live in a conservation area.
You’ll also have to check that any building work is carried out to the building regulations, which will ensure that your property maintains structurally sound and that you’re in line with building standards for electricity and insulation.
When you’ve finished planning and found a good tradesman who you’re confident can carry out the work competently, get everything down in writing – the estimated price, the length of time it will take and the start date. You should budget for a little more than you’ll end up paying, as complications can make the price of your extension rise unexpectedly. This can happen and it’s not the fault of the tradesman.
Make sure that your loft conversion is well built in the first place so that it pays for itself over the years, rather than costing you money on repairs in the future. A well built extension should add value to your home.
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