How much value does loft conversion add to a property?
Updated: Apr 26
When there is a need for extra space why not convert your loft? Well, the process is simple and makes sense. Most home owners would prefer to stay and not move from their home, if you have a loft that is not used you are most likely to be able to convert it and have a bedroom with en-suite.
Loft conversions come in many types and sizes dependent on property type, most popular loft conversions are dormer lofts, hip to gable lofts, mansard lofts or L shaped lofts. Find out more here on type of loft conversions >
Robert Gardner, chief economist at Nationwide, said home buyers were prepared to pay more for extra usable space, as this was often associated with better quality accommodation.
He said: “Homeowners who add a loft conversion or extension incorporating a double bedroom and a bathroom can add more than 20% to the value of a three-bedroom, one-bathroom house.”
A home extension or loft conversion could increase a property’s worth by about 22%, or £42,700. Meanwhile, adding a decent-sized extra bedroom has the potential to boost the value of a home by 11%, or £22,100.
Gardner said: “Location remains key to house values, but other factors such as the size of the property, including the number of bedrooms it offers, are also important to home buyers.
Although a loft conversion can make excellent sense and greatly increase the value of a property, it will involve a sizeable investment of time and money, so should not be undertaken lightly.
Here are the tips on loft conversion planning permission and regulation rules click here
What is the cost of the loft conversion and house extension?
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More related types of loft conversions and everything you need to know about them:
Dormer loft conversion
The most popular and most talked about type of loft is "Dormer Loft Conversion". So what is a dormer loft conversion? is it right for your home?
Hip to gable loft conversion
A Hip to Gable loft conversion is very popular on semi-detached & detached properties with sloping roofs, which is essentially a roof with a sloping side in addition to the slopes at the front and back.
Mansard loft conversion
A mansard loft conversion, named after the 17th-century French Architect Francois Mansard, is situated to the rear of the property. This type of conversion has a flat roof, with the back wall sloping inwards at an angle of 72 degrees.
L shaped loft conversion
An L shaped loft conversion is absolutely ideal for period properties with a back addition as you can also extend up the top of the back addition to get loads more space.