Increasing Property Value with Loft Conversions in Walthamstow

Are you a homeowner with plenty of extra space looking to increase the value of your home but have no idea what is best for your house? Like most other homeowners, you may be thinking about the value your improvement will add to your house along with the added square footage. Continue reading to learn whether and how much value a loft conversion in Walthamstow can add to your house. 

Does a home value increase with a loft conversion?

By opening up 24 square metres of additional space in their home, homeowners in the UK might increase the value of their property by up to £100,000 or more by converting their loft. There is no denying that not every loft conversion has the same effect. The value your conversion adds will vary depending on where your property is located as well. North East homes might gain up to £38,000 in value, while a home with the same amount of area in the South East could fetch about £98,000. 

It's important to remember that depending on the South East's transport connections to London, this value may drop. Your property returns increase as your capital connections get stronger. Unsurprisingly, London has had the maximum increase in property value in the last few years. Since space is limited in the capital, adding a bedroom with an ensuite bathroom to your home in a high-priced neighbourhood might increase its value by an astounding £200,000.

Here is everything you should know about converting lofts. 

You must determine the steepness of your pitched roof in order to make sure you have adequate headroom. An architect can provide you with advice on whether or not your project will have the necessary height. To maximise the heights, you might also think about lowering the ceiling or adding a flight of stairs to the newly designed loft floor. If you don't already have one, you'll need to figure out how much room a staircase to your loft will take up on the lower level. 

Loft conversions may not require planning permission if they fall within your authorised development rights. Having an architect on board will guarantee that you fulfil eligibility standards and provide guidance on how to maximise the possibilities of your loft extension. 

Should you choose a loft conversion or addition? 

Space is space when it comes to adding value, no matter where you happen to create it. But if you're remodelling your house within the bounds of your allowed development rights, a loft conversion will allow you to add more space. This is due to the fact that building to the side or back limits how far you can stretch. The content that you're producing with your extension also determines its value. Typically, a loft conversion adds a completely new room—a bedroom, study, or ensuite. While many increase the size of already-existing functional sections, like a kitchen or dining area, by adding side or rear additions.

Other methods to increase your home's worth

Convert your garage to add more space to your house; similar to a loft conversion, this can be done without obtaining planning approval.

Since open-plan living is popular right now, take advantage of this trend by demolishing some barriers and expanding your living and kitchen spaces. 

Even a small change in your kitchen, like new fixtures and fittings, can add value to your house without having to spend too much. 

Increase your property value with Richway. 

Are you curious about the potential increase in the value of your property that a loft conversion can bring about? Richway is here to help in every way possible. Contact us today for all your services related to loft conversions or house extensions in Walthamstow.