17 Mar Costing and planning your loft conversion: essential tips
If you’re looking to add more space and value to your home, then a loft conversion is the ideal solution to your needs. Not only do loft conversions make homes that bit more spacious – ideal if you’ve got a young family – but as they make such a great selling point, they’ll also add more value than any other home improvement. But before you press ahead with your loft conversion, you need to make sure it’s properly planned and costed. Here are some key areas to think about.
How much does a loft conversion cost?
The exact cost of your loft conversion will depend on the layout of your property, the size of the loft space and the type of loft conversion you’re choosing to have carried out. You can expect your loft conversion to cost you in excess of £20,000 and perhaps as much as £50,000. This might well sound like a lot of money – and it is – but it’s important to remember that you are highly likely to recoup this investment and more when you consider the value it adds to your house.
Working out whether it’s worth it
Given the amount of money your loft conversion will cost you, it is of course very important to think carefully about whether it’s a worthwhile investment. It’s worth looking at the value of other homes in your area which have converted loft spaces in order to find out whether you’re likely to recoup the money you’ve put into the work. Of course, if you want to have your loft converted purely for the additional space it gives you at home, then the value it adds to your home is a less important consideration. However, the Nationwide study referred to earlier found that on average, loft conversions add more than a fifth to house prices.
What about regulations?
One good thing about loft conversion work is that it generally doesn’t require planning permission, as in most cases this work is classed as permitted development. It is worth asking a loft conversion specialist whether this is definitely true in your particular case, though. Your chosen loft conversion firm will give you a clear idea of what you will and won’t be able to do.
You should also be aware that your converted loft must comply with the relevant building regulations – this is a separate matter from planning permission. These include accessibility (including easy escape in the event of fire), electrical safety and insulation. Your loft conversion firm will guide you through this process, so that the project complies with the appropriate regulations right from the outset and you’re thereby spared any unnecessary hassle further along the line.