The world of loft extensions is a confusing one. It can seem as if there are so many options and even more questions. This guide aims to answer some of those questions and provide you with some useful information about loft extensions so you can make an informed decision.
Loft extensions come in all shapes and sizes, but the most popular choice is a single storey extension. You’ve probably heard that they have a negative effect on the value of your home, but this isn’t always the case. In fact, they can actually increase your property value if done right. This article will walk you through everything you need to know about loft extensions.
PROS AND CONS OF LOFT EXTENSIONS
Loft extensions are a popular choice because they’re quick and easy to install. Additions like this will give your home more space, but they can also be costly.
If you choose to install a single storey extension, it will cost you about £4,000-£10,000. The overall cost of loft extensions depends on the size of the extension and the materials used. However, if you hire an architect to design your extension for you, costs will be higher than average.
Additionally, loft extensions can increase your property value depending on how large or unique it is. For example, if you live in an urban area with many other loft extensions, adding one may not do much to change your property value. But if you live in a suburban area where there are few loft conversions available for sale or rent, then installing one may increase your property value by as much as 12%.
TYPES OF LOFT EXTENSION
The most popular type of loft extension is a single storey extension. There’s also the possibility of adding more than one storey if you need more space. The best thing to do is speak to your architect or builder about what’s best for your home.
Loft extensions are usually attached to the existing roof of your property, but it may go up higher. It’s important that you ensure you have enough height in your property before considering an extension. You will also want to decide whether you want an open plan loft or one with traditional rooms.
It’s important to be aware that loft extensions can decrease the value of your home if not done correctly. Loft extensions should always match the style and quality of the original house, so make sure they are well planned out before building them.
YOUR LOFT EXTENSION IN NUMBERS
The average cost for loft extensions is £24,500. Loft extensions can increase the value of your home by £35,000 if done right. Did you know that the average size of a loft extension is 90m2? Loft extensions are an investment in your property and can provide you with an excellent return.
A loft extension could be the perfect way to create more space at home without having to move or renovate. You may not have considered this before but it’s worth exploring what possibilities there are for your property!
FINANCIAL IMPLICATIONS FOR A LOFT EXTENSION
There are some financial implications that come with a loft extension. You need to consider the costs of the extension and then any associated legal and building fees. These fees vary depending on where you live, but it’s important to get an accurate estimate of these costs before starting the process.
A loft extension will affect your property value, even if you’ve done it correctly. This is because new homes in modern developments are often built with extensions already accounted for, and this new space will be taken into account when determining your home’s worth. Older properties can also see their value increase by up to 25% after adding a loft extension.
The decision to go ahead with a loft conversion should be made carefully and based on all available information; just because many people have negative views about them doesn’t mean they are bad for everyone or always bad for everyone. The worst thing you can do is just assume that you know all there is to know about loft conversions.
A loft extension is a great way for homeowners to get more living space and make the most of their home. However, before you get too excited you’ll need to be sure you have the budget for this project. Keep in mind that a loft extension is a major investment and you will need to plan it out carefully to be sure that you have the necessary funds.