(IMAGE BUCKLEY LOFT CONVERSIONS LTD CANNOCK – STAFFORDSHIRE)
A bedroom come sitting area is a fantastic solution to give that desirable living, bedroom space and privacy, with the inclusion of an En-suite bathroom, hands up there will be a scrabble.
Location, location, location – will always be the key determination of a property’s value and desirability, but we all know that space matters!! This not only applies to the number of bedrooms in a property, but buyers are also focusing on the square meterage of the property, as their children stay at home longer.
We know more families in England and Wales had adult children living with them in Census 2021, compared with a decade earlier. Most people were living with their parents, as children are staying in the family home and despite the Pandemic this seems to be a continuing trend, rather than a result. This is largely due to the average UK house cost in 2023 hitting a staggering £285,000, (ONS Dec 2023). Large deposits, high interest mortgage costs, coupled with the increasing shortage of rental properties and premium rental costs.
Nationwide research highlighted an additional 10 pc of space should increase value by 5pc. If a two-bedroom semi-detached house becomes a three-bedroom property, it could be worth up to 17 pc more.
With this in mind, with the increased benefit of a loft conversion that provides, anther double bedroom and bathroom!! This will not only bring enormous benefits to your family lifestyle and wellbeing; it could potentially boost your property’s value by 20%
A loft conversion could just be the simple solution you are looking for to give you all that much needed space, which could be so life enhancing. With a light spacious Loft Conversion whatever your families age, it will give you the space and flexibility to decided how you choose to live.
HOW MUCH VALUE YOU COULD ADD TO YOUR PROPERTY
| RENOVATION
|
ESTIMATED POTENTIAL COST | ADDED VALUE % | ADDED VALUE £*** |
| LOFT CONVERSION
|
£40,000 | 20% | £56,938 |
| EXTENSION APPROX 20SQM
|
£48,000 | 20% | £56,938 |
| GARAGE CONVERSION
|
£15,000 | 10% | £28,469 |
| GARDEN ROOM/OFFICE
|
£10,000 | 7.5% | £21,352 |
| KITCHEN UPGRADE
|
£10,550 | 5.5% | £15,658 |
| UTILITY ROOM
|
£8,730 | 5% | £14,235 |
| SOLAR PANELS
|
£7,000 | 4% | £11,388 |
| ALL OVER DECORATION
|
£3,200 | 3.1% | £8,825 |
| BATHROOM UPGRADE
|
£5,000 | 2.6% | £7,402 |
| BOILER CENTRAL/HEATING UPGRADE
|
£3,850 | 1.9% | £5,409 |
| EV CHARGING POINT
|
£1,150 | 1.7% | £4,840 |
| LANDSCAPED GARDEN
|
£3,950 | 1.5% | £4,270 |
*** Added value (£) based on the added percentage value applied to the current average UK house price of £284,691 (Source: OPEN PROPERTY GROUP)
(IMAGE BUCKLEY LOFT CONVERSIONS LTD CANNOCK – STAFFORDSHIRE)
With an investment in a loft conversion and these reassuring statistics, it makes a sensible alternative to moving. Not to mention all those additional costs, Solicitors, Stamp Duty and refurbishment costs, and the dreaded stress, packing and disruption.
If your house is too small for your growing family and you have a property in a sort after school catchment area. An excellent proposition is a loft conversion, as your home will already be attracting a premium. Even would be parents being prepared to pay an additional £26K to buy a property within a catchment area of a top performing school, so making a sound investment, coupled with the above statistics.
For more information on the different types of loft conversions, including Velux Roof light loft Conversions, Bungalow Loft Conversions and Dormer loft Conversions in Birmingham Sutton Coldfield and the surrounding arears of the West Midlands and Staffordshire: – Just click on the links.
For inspiration visit our gallery to view the numerous Loft Conversions we have constructed.
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