9
Oct
Loft conversions 'send value through the roof'
A well executed loft conversion will always add value to a
property, it has been claimed.
According to a spokesperson for Econoloft, loft conversions are so
desirable to buyers that they are more sought after than
conservatories.
He said: "Providing it has been done to comply with building
regulations and it is a nice conversion, it will always add value
to the property.
"With house prices in the south, for the price of moving you can
have a loft conversion and you are one rung up the ladder without
having to move the children, change schools or disrupt the
household.
"When you do come to move you have a more expensive property to
sell."
However, homeowners should be wary of employing cowboy builders,
since a "cobbled together" conversion "will detract value from the
property," the spokesman warned.
Research published by the Nationwide building society in May 2006
stated that, adding a loft conversion to a property can typically
add 20.9 per cent to the value of a property.
