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Loft Conversion value for money

Do loft conversions add sufficient value to cover the cost? My four bedroomed house was built in 2007 and the work would include a stairway plus 2 rooms with the option to have either dorma windows or velux. No plumbing required and I envisage electric panel heaters. The total added gross internal living area is estimated at 600 SF.

Asked on May 22 2014, Home Improvement in UK | Report content

Answers (2)

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  • There is no certain answer to this. Are people not buying your house or similar because it is too small. How big will the extra rooms be. How are prices in the area.Do you need the extra room or are you planning this as an investment. If you need the room then the cost is justified if it is cheaper, all things considered, than moving to a larger property. As an investment it probably isn't such a good idea.

    Answered on May 22 2014, Report content
  • A recent article in the telegraph suggested that the average loft conversion added 20% additional value to the average property. This would seem to be in line with my own anecdotal experience. 600sf is a huge amount of additional living space. Some modern developers make 2 bed flats with G.I.A (gross internal area) less than that. It sounds like an easy win to me. If you are ever interested in taking on a refurb project for this reason. Please check out our website which has the UK's largest database of repossession and refurbishment properties.

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    Answered on Sep 6 2014, Report content

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