There is a high demand for loft conversions in London at the moment, and this is hardly a surprise when you look at some of the estimates for how much value this type of work can add to your property.
A Guardian article from earlier in the year quoted figures from Nationwide which suggest that a loft conversion can increase your property’s value by 22%, and an extra bathroom can add 5%. But why is this seen as such a good investment?
A well executed loft conversion will give your home an extra room without increasing the footprint (total covered area) of the house. In a city like London, where space is particularly valuable, being able to conjure a new room is an impressive trick. Unlike an extension, you are not infringing on space elsewhere by converting a loft. You don’t have to choose between a bigger home or a smaller garden. If you are converting a loft into a bedroom in a home that already has three bedrooms, you are increasing the number of bedrooms by 33%, without losing any space. Obviously that will make a big difference when this home goes on the market.
A conversion can vastly improve the overall usability of your home. An area that might have previously been storage space suddenly becomes much more functional, whether you use it as an office, extra living room, gym, or anything else you can think of. This type of added value is very practical and will benefit you and your family as much more than just a financial investment.
There is normally a certain amount of similarity between houses on most streets, and a loft conversion can give you an advantage over the competition. If it doesn’t change the shape or size of your home you probably won’t need planning permission either, cutting out part of the process that can potentially cause hold ups. If your property could do with upgrades to its plumbing, heating or electrical system, a conversion like this can be a great opportunity to make sure your home has all the benefits of modern technological improvements in these areas. Again, this can save you money in the long run by increasing energy efficiency.
You need a company you can trust to complete such an important conversion, and at TIG Excell we can do all the work described above in-house, saving you money and ensuring your vision is executed successfully. Get in touch with us today to find out more!