Loft Conversions Add a Fifth to Property Values
Loft conversions are one of the best ways to make your home more spacious – an intelligently-designed conversion can add as much as 30% more living space to your home without extending the footprint of your house.
As with all home improvements, conversions also increase the value and sale-ability of your home. A study by Nationwide actually found that they increase the value of your home more than extensions, kitchen renovations, or bathroom refurbishments.
The survey found that loft conversions yielded an estimated increase of 21% in value. This is more than increasing floor area by 10%, adding an extra bedroom, or adding an extra bathroom which all added 5%, 11%, and 5% respectively.
Loft conversions are most commonly added to the home as an alternative to moving house – many of our London clients are happily settled in their area and do not want to go through the upheaval of moving house (or the costs of stamp duty and related expenses).
Many others have tried to move but found it difficult to find a home that fits their requirements; Rightmove recently reported that the supply of new homes for buyers in London was ‘ridiculously tight’.
If you would like to find an alternative to moving or would like to improve your home, get in touch. Avian works across London to build high quality, beautiful loft and basement conversions as well as kitchen extensions. Our experienced team offer free consultations to go through the options and find the best way to improve your home.