How a Loft Conversion Can Be an Investment for Owners and Investors
A house is one of the main investments for a family. It is a big step towards the financial goals of an individual. You might not be able to live in one house for the entire lifetime due to a lot of reasons. This is why it is important to ensure that your house earns good returns when it is sold. Many of you might think of things that can increase the value of your home like adding a bathroom, improving the driveway or increasing the flooring. While these changes can add about 5-11% extra value, loft conversions in Bromley can add a much higher value to your property.
How much value can a loft conversion add?
According to researches, adding a bathroom can add 5% value and increasing the flooring can add 10-11% value. But, a good quality loft conversion can add 20-25% value to your house. Even if it sounds too good to be true, there is plenty of evidence to support the statement. This means about a fifth of the rise in the value of the property which should be amazing for any house owner or investor.
How much will a loft conversion cost me?
According to loft conversion companies, the costs can vary anywhere between 15,000 pounds to 50,000 pounds. Considering the value it adds to the house, this is a very good amount to be paid. You should never compromise on the quality as cheap work is easily spotted and it might lower your rates. The main factors affecting the cost are generally the structure of the roof, the type of house and the type of conversion. If you are considering adding a dormer, it will hike up the price while a simple conversion will be easier on the pocket. Existing space and the need for alterations can also affect the costs.
How can a loft conversion be used?
The possibilities are endless when it comes to utilising the space after the loft conversions. Loft conversion specialists in London has an opinion that converting the loft into an extra bedroom with a bathroom is one of the best ways of investment. But, if your house lacks other facilities, you can accommodate that in your loft as well. Use it as a kid’s bedroom, a study, and library or convert it into an office for the best work from home experience. The versatile nature of these conversions allows the inclusion of so many options.
What are the hassles it will cause?
As with any other building or renovation work, you will have to dedicate some time and effort into a loft conversion. But, it might seem like a piece of cake if you go to the right company. You can choose Loft Life London, which is a loft conversion in Bromley to take the burden of your shoulders. You can customise your loft conversion and accommodate all your needs without having to worry about substantial quality in the materials as well as in the quality of work.