Loft conversions are a type of home improvement many people seem to overlook. Transforming your empty, unused loft into something functional is a great use of space. Although it does tend to take some capital to revamp a loft, it is a cheaper and more convenient choice for people who need an extra room but cannot afford to move out or add an extension. Instead of letting your loft gather dust, here are four advantages to adding a conversion to your home.
Increase the Value of Your Home
Whether you are looking to abandon ship for a new home or you simply want to boost the value of your property, converting your loft into an additional room is a smart choice. Depending on the type of conversion you go for, transforming your loft may be costly. On the other hand, an extension is often much more expensive and can end up costing you a small fortune. A loft conversion often proves to be a good return on investment, with some conversions increasing the value of a property by about 20 percent. Not to mention, you don’t usually need planning permission to convert your loft. It is also a great way for sellers to attract potential home buyers due to the practical use of dead space.
Gain Extra Space
Some households simply need a bit of extra space to stow away bits and bobs. From seasonal clothing to bulky sports equipment, miscellaneous items around the house can make a space feel incredibly crowded. Besides storage, your new room can be used for many other purposes, such as a walk-in wardrobe, home office, or a recreational room.
Boost Your Income
Homeowners who want to boost their income can transform their loft into a spare bedroom and rent it out. Simply making the loft habitable doesn’t have to cost a lot of money. Once the foundations are laid, you just need to furnish it with a bed, a desk, and a wardrobe. People residing in populated cities, such as London or Manchester, will benefit from this idea the most. Spare bedrooms in these types of areas are snapped up quickly by students, young professionals, and other people looking for lodging. Room Club is an online property platform for people looking to relocate. Visit roomclub.com for more information about renting out a spare room.
Accommodate Your Growing Family
Households who are expecting new additions, or have plans to grow their family, need to reside in a property that can comfortably accommodate everyone. Unfortunately, many people try to get on the property ladder as soon as possible and find themselves short of a room down the line. Moving to a bigger property might be the first solution they think of, but this option is often too expensive for many people. Getting your home back on the market and searching for a new place is a lengthy process too. Giving the loft a makeover and turning it into another bedroom is a far cheaper option that is less hassle than buying a new home.