Thinking about a loft conversion? You’re not alone. Each year hundreds of Londoners take the plunge and convert their attic into extra living space.
But is it worth it? As with everything, the cost of a London loft conversion has been going up in the last few years. So that means, if you’re on a tight budget, you may be worried about getting your money’s worth.
Well, we at R. Cabins have a word of advice for you – if you’re treating your loft conversion as an investment then you’re doing it wrong.
Unless you’re a property developer, the main driving factor behind your loft conversion should be to create a living space you love. View any potential financial benefit as a plus, but don’t make it your main reason for getting the work done.
Why? Well, if you get a loft conversion in the hope of quickly being able to sell your home on and recoup the profit on your house, you might be in for a nasty surprise. Especially if you’re stretching your budget to get the work completed.
Selling a house takes time, and if the cost of the loft conversion takes its toll on you financially, then you could end up in a very precarious position.
So take a sensible approach to things. Focus on the benefits that a loft conversion will have for your home, not the chance of making a few extra pounds.
What other home improvement options are available?
You may also be considering alternatives to a loft conversion – such as an extension, or even a basement conversion.
Although extensions and basement conversions are good ways to add extra space, we’d always advise people to opt for a loft conversion first, if possible and if it will meet your needs.
Why? Well, loft conversions tend to be cheaper than both basement conversions and extensions, meaning you won’t have to spend as much to get the extra space you need.
Loft conversions generally involve less disruptions as well. With both basement conversions and extensions, you can expect a large area of your property to be converted into a building site. And in extreme cases, you may even need to move out for a short period of time.
With a loft conversion, there’ll be some disruption, but if you’ve hired a reputable firm, then this should be kept to a minimum.
Finally, there’s the amount of red tape you’ll face. A standard loft conversion won’t involve much in the way of paperwork, but if you want an extension or a basement conversion, then you’re likely to face the prospect of applying for planning permission.
Overall, loft conversions are more straightforward.
If you are considering a loft conversion, then our message would be “go for it!”. As long as you know you can afford it, then it’s an excellent way to add extra living space to your home.
And once you’ve got your conversion, you may be able to sell your home on for more than you would have been able to previously.
Alternatively, you can always look into other home improvement projects to make your existing house even better.