When you sell a property you will want to make as much profit as possible from your sale. With this in mind, there is a good chance that you will want to know ways to maximise your profit.
It is thought that a loft conversion can add as much as 20% to the overall value of your property; meaning that it is a popular option for homeowners. Loft conversions can significantly boost property value, as they provide additional, versatile living spaces without the need to expand the property’s footprint. Not only this, but when compared to side or back extensions, it is lower in cost and lower in hassle too.
Before we can look at how loft extensions can increase the value we should look at the different versions of loft conversions that you can choose from.
The Types of Loft Conversions
There are 3 main types of loft conversions that you can choose from. Dormer, Hip to Gable and Mansard.
Dormer
If you opt for a Dormer conversion, then a vertical wall will be built from the bottom of the sloping roof. After this, a flat roof is built to meet the vertical wall. This means that you gain the maximum amount of headroom and planning permission is not always needed. Unsurprisingly, Dormer are the most popular loft conversion type.
Hip to Gable
If you have a small existing space with a hipped (or sloped) roof, then you may want to consider a Hip to Gable conversion. Since you may be working with a small space, make sure to maximize every usable space in your loft with clever storage and strategic colour schemes. The sloped aspect of the roof is changed to a flat gable end. This particular type of conversion is suitable for a range of property types, however, it may require planning permission.
Mansard
If you have a larger budget then you may be able to consider a Mansard loft conversion. This has a flat roof and a back wall that slopes inwards, built at the rear of your property. There is a need to change the structure of your property, therefore this will require planning permission and construction work too.
How Does a Loft Conversion Increase Property Value?
So now you know which type of loft conversion you can consider, you may want to know how it can increase the value of your property.
Ultimately, a loft conversion adds more space to your home. This could be for an additional bedroom, allowing you to sell the property having a larger number of bedrooms. Not only a bedroom, a loft conversion could be sold as a study space, a home office or perhaps even a beautifully finished nursery.
No matter what you decide to do with your loft conversion; one thing is for sure. If you create a high-quality space then you will be rewarded when it comes to selling and moving on.