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How loft conversions and basement conversions can add value to your property

Posted by Matt Munns on September 4, 2017
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Many homeowners are at the whim of the economy when it comes to determining the price – and value – of their home, and often find that they could use extra space, and the added value that goes with it. Fortunately, older houses are perfect for a conversion, be it in the loft or the basement. With strict Victorian-style floor plans, one of the best – and only – ways to add space to homes of this age is to go vertical. So how can you do it?

Improve rather than move

A well-designed loft or basement conversion can add significant value to a property – but they also change how you live in your home (adding a personal value as well as monetary). People’s needs change, and if your house can accommodate those changes without moving AND adding value, so much the better. The old adage “improve over move” stands well, especially with today’s house prices. Storage and space is one of, if not the major point of interest for buyers – and without it, buyers will be put off and it can decrease the value in your property.

Check this can be done cost effectively

Converting your loft could be easier than creating or converting a basement, even in terraced houses. If you’re converting your loft, the typical conversion will cost around £500m2, which adds up pretty good investment (compare this to an extension of around £1000m2). Make sure you have enough headroom – the usable part of the roof should be greater than 2.2m high. If your roof is too sloping, you have a bulky water tank to hide, or you find you have to “raise the roof” or change the roof structure to accommodate space, then it may be better to look for a basement conversion to be more wallet-friendly.

They can be set bespoke for your needs

If you’re feeling as though your living room is cramped, you can turn your loft or basement into a ‘den’ or TV room. If you want to add another bedroom without extending your house, your conversion can be a new habitable space. Anything your home is lacking, a conversion can cover this – it doesn’t always mean that your loft has to become a new bedroom.

Conversions can unveil old-world charm

Some of the best houses to convert are pre-1960s houses – although some homeowners may find their property is more like 1860s! This age of house is perfect for extending as they don’t fare well with structural changes of horizontal extensions, yet loft or basement conversions are relatively simple and allow old trusses, wooden beams, wooden lintels, old brick or stone walls, and the house’s natural materials to be on show, all the time. This adds value through aesthetic without you even really having to try hard, which is perfect!

Ask the experts

If you’re wondering where to start with a loft or basement conversion, contact the experienced technical team at iSell today, who will be able to talk you through every step of the process.

 

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