08 Feb Will A Loft Conversion Increase The Value Of My North London Home?
Often cited among the top ten ways to add value to your home, a loft conversion could be an incredibly cost effective of increasing the square footage and the resale value of your North London home.
A typical loft conversion costs around £500-600/m² compared to around twice this for an extension. In terms of adding value, it is likely to be a very good investment providing it adds more accommodation than it takes away remember you need to make room for a full staircase and this will take up existing space.
Work on converting an attic costs from around £25,000 – although on average a dormer loft conversion with a double bedroom and en-suite bathroom is more likely to be in the region of £40-50k – and takes about six to 12 weeks to complete. This configuration is the most popular option and, according to Nationwide Building Society, it could add an estimated 21% to the value of your home.
Check first of all that the roofspace can be converted cost effectively. There needs to be plenty of headroom and the roof structure needs to be built either using attic trusses or cut roof timbers. If you see a web of thin timbers, then you have a modern fink truss roof which is more expensive to convert in this case you need a specialist contractor and need to weigh up the benefits with the costs more carefully. Header tanks can be moved and if you upgrade to a mains pressure, sealed system, can be eliminated altogether.
Loft conversions must comply with the latest building regulations and this means adding a lot of insulation (around 100mm of urethane) between the roof timbers, and also underneath the trusses (around 45mm of urethane) this will reduce the headroom further. The Building Regulations also require an enclosed means of escape which means adding firedoors on closers to all habitable rooms leading onto the halls and staircase.
Natural light can be brought in either via dormer windows or rooflights. A loft conversion does not require planning permission as it uses existing volume however, creating dormer windows may need planning if they face a highway (typically the front of a property) and so it is always worth checking with the planners.
The key to a successful roof extension lies in plenty of planning and lots of imagination. Bear in mind there will be a fair amount of disruption, too. Removing the roof will involve a loss of heat, lots of dust and copious scaffolding. Existing floor joists may have to be strengthened in order to bear the new load. But thorough research will pay off.
Converting the loft is a popular and relatively low-cost method of increasing the floor area of your existing property. The extra space can be used to form additional rooms, to enlarge property and converted into flats, or just the need for more storage space!
The space should be a flexible one, too. A contemporary roof extension can accommodate any number of options – including studies, playrooms, master suites, self-contained areas for grown-up children or luxurious chill-out areas with access to a generous terrace. Extending the roof is only half the story though. Decor plays a vital part – a fluid scheme will effortlessly merge the new addition with original features.
Houze Builders allow for the increase of living space in a building without altering the shape of the building. It utilises space that normally remains unused. A loft conversion is usually the most cost-effective method of increasing the useable floor area of a property.
A good quality loft conversion will enhance both the usefulness and the value of a property, providing the project has been properly designed. Houze Builders specialises in high quality work and strong collaborative partnerships with architects, clients and craftsmen. We are committed to maintaining our high standards across all budget levels and schedules. We will help you understand what you can achieve from a loft conversion and plan and design with your budget in mind.
We also provide plumbing, electrical, interior decoration services, helping you fully transform your loft into a great living space.