Many people are realizing that building a professional loft conversion is a lot better than moving home if all you need is one extra room. In an area like London where the housing market is constantly changing, so you could be taking a big financial risk if you decide to move home just for one more room in the current climate. (With the additional costs of stamp duty, increased mortgages, conveyencing fees and paying removal companies it can really be expensive|Not forgetting all of the usual moving costs such as a bigger mortgage, stamp duty, normal removal expenses and solicitors fees it can really mount up|Then there are the costs which are always associated with moving home such as removals, the cost of hiring a solicitor, higher mortgage payments and stamp duty}.
But you really need another room so what can you do? A loft conversion is a very good idea as it will meet your requirements for that other room and it will add value to your precious home. A leading high street building society – the Alliance and Leicester – discovered that a well planned and built loft conversion can see the value of your property soar by as much as £40,000.This also means of course that you don’t have to move house and you can save a considerable amount.
In 2008, the planning laws were changed and this resulted in a huge increase in the number of loft conversions. The law changed to “permitted development” when it comes to loft conversions which means that most conversions will not require local government planning permission. This should not be confused with building regulations as these still need to be adhered to as the conversion will be used for additional living space.
When considering a loft conversion price will obviously be a factor. But you need to be careful here as an inferior conversion will not add value to your home and may even decrease it. Estate agents view conversions with temporary staircases as adding very little value so ensure that you use a quality company who will advise on permanent staircases. Think about the future and the jump in value you will see when it is time to sell and pay for the highest quality loft conversion that you can get now.
Loft conversions have lots of advantages over traditional extensions so what are they? The advantages are numerous. Most houses, regardless of style, will be suitable for a loft conversion. A loft conversion should be much less expensive than a traditional extension plus you won’t have to give up any of your nice garden space. Most home extensions will require planning permission which can take months whereas a loft conversion will probably not. Time required to plan and build a quality loft conversion should be significantly less than that required to plan and build an extension which is a major advantage when you consider that you won’t have parties of construction workers cluttering up your home for what seems like a lifetime .
You can go a step further with your loft conversion and help the environment by installing solar panels to generate electricity, heat your water or both. This will also reduce your electricity bill. Incentives are available from the government for householders who install solar panels for the generation of electricity and water incentives are on the way.
The final price that you can expect to pay for your loft conversion depends on the structural requirements for the flooring, the size and shape of your loft, whether or not water tanks need to be moved and a whole host of other factors. Whatever the final price it should always be a good investment.
There are many advantages to choosing a loft conversion if a quality solution is sought. To find out more about quality loft conversions visit this link loft conversions London.
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