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Does loft conversions really increase the value to your property

(5 Posts)
Luv2chat2U Sun 08-May-16 14:03:16

Hi has anyone had loft conversion done, and does it make a major difference to the value of your home...is it better to just move... A lot of money has gone into renovating our home and we thought if we add a loft conversion it would increase the value even more.......but we do plan on moving ..... (Querie is on behalf parents)

Drquin Sun 08-May-16 14:20:49

In theory it should add value, but it depends on specifics.

If it was a wee one- bed roomed bungalow, that you've extended to be a 3-bed but no extra living space ..... Then converting loft to add another 2 bedrooms, I'd suggest "added value" is limited, if you've got 5 bedrooms but only one bath / one living space.
There's a lot of logic to the "ceiling price" for any particular street / area ..... Folk looking for (and having the budget for) a 5-bed house in your area probably aren't looking to live in a street surrounded by 1-bed bungalows. Hence, ceiling price.

But done well, in keeping with the area, fixtures / finishes relative to the property and adding relative amounts of space, yes it would normally add value.

namechangedtoday15 Sun 08-May-16 23:04:21

They do here provided as Drquin says, the house remains balanced and it's done properly (with sufficient head height).

I also agree that there is a ceiling price - if you have already added value by renovating then there may be less scope for pushing up the value.

Luv2chat2U Tue 10-May-16 17:45:29

Thank you both for your response, very helpful

murphyslaws Tue 10-May-16 17:50:14

Depends on property's.

But going from 2 bed to a 3 bed yes it would and be more sellable

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