Research Suggests Loft Conversion Increases Property Value by 20%

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According to research published by Nationwide, a loft conversion will increase the value of a typical UK property by 20 per cent. Best value home improvements differ considerably, both in type and value, depending on region and style of property. If a loft conversion is done to comply with building regulations and is well finished, it will always add value to any home.

Homeowners planning improvements to their homes this summer to specifically increase the value of their property could be missing out on the most valuable additions. At a time of year when many are planning to improve the value and desirability of their homes, it is important that consumers recognise exactly which DIY and renovation projects will add the most equity to their property.

According to research published by Nationwide, a loft conversion will increase the value of a typical UK property by 20 per cent.

Best value home improvements differ considerably, both in type and value, depending on region and style of property. If a loft conversion is done to comply with building regulations and is well finished, it will always add value to any home.

A converted loft is the best way for most homeowners to add value to their property while increasing the amount of living space, according to research. Experts agree that loft conversions can boost the value of virtually any home by at least 15 per cent.

Specialist building firm Luxus Lofts say that among house buyers in the UK, converted loft areas are now more desirable than conservatories to provide extra space.

This type of renovation can give a house real appeal to potential buyers while ensuring that the sellers climb a few more rungs on the property ladder - and it can all be done without the need to move house or spend lots of money on a major extension.

Dave Preston, MD of Luxus Lofts, said:

"Homeowners planning improvements to their homes this summer to specifically increase the value of their property could be missing out on the most valuable additions. At a time of year when many are planning to improve the value and desirability of their homes, it is important that consumers recognise exactly which DIY and renovation projects will add the most equity to their property."

In many cases, householders almost automatically opt for a new kitchen or bathroom. Although these are valuable additions to any home, research findings show that it is more important to consider improvements that will ultimately increase a property's living area.

The average UK homeowner could improve the value of their house by as much as 20 per cent with a first class loft conversion. The addition of a new kitchen and bathroom, which most homeowners think would do most to boost the value of their property, actually adds only about 10 per cent.

In the more metropolitan and densely populated areas of London and the South East, loft conversions on average offer the best potential increase to a property's value, adding as much as £44,500.

About Luxus Lofts
A specialist loft conversion company based in Manchester, England with many years of experience. Lukus know that by converting loft space into useful living space you can add thousands to the value of your home.

http://www.luxuslofts.co.uk

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