Do loft conversions add value to your house? A significant reason why a homeowner would want to improve specific areas of their house is because they want to sell the property. However, numerous other reasons exist as to why you may want to conduct improvement projects to add the most value to your horn. There are a ton of ways for one to add value to a house. From increasing space to accommodate more people to enhancing the general look to increase appeal, value addition is an enriching experience regardless of why you are doing it. A loft conversion is one of the many ways people consider home improvement projects.
But will a loft conversion cost really add value to your home, or is it money gone down the drain? Read on to find out;
Does an extra bedroom add value?
Many homeowners turn lofts into study rooms, prayer rooms, playrooms, etc. But did you know that a loft is an excellent space for an extra bedroom? Research shows that an extra bedroom raises the value of a property by up to 20 percent.
Compared to the amount of money spent making adjustments to your home, you will get your investments back two-fold or more by converting your empty loft space into an extra bedroom.
What adds the most value to a house?
There are limitless options to choose from when deciding to upgrade your horn. But how sure are you that your chosen options add value to your property? Here are some sure options guaranteed to add value to your house;
If you are looking for a project that will not cost too much, cause too much disruption around the house or take too long to finish, a loft conversion is your best bet. Not only is converting a loft easy, but it is also an efficient means to fetch more money when you decide to sell. Read more: loft conversion cost and conversion cost.
Lofts make space for extra rooms, which most people demand when buying houses. This means that once you decide to move into another bedroom and sell the house, you have offers coming your way almost instantly. A loft conversion is undoubtedly a worthy investment with immense power to add value to your home.
Adding a loft conversion can also be a great way to increase your living space. This closes the gap between your current needs and what you may need in future. Converting your loft can also be an excellent solution for those who avoid moving houses altogether.
Electricity and plumbing
Before doing exterior projects such as repainting walls, redoing the floors or decorating the rooms, it is advisable to first look at the plumbing and wiring of the house. This way, you avoid suffering the inconvenience of undoing all the work previously done because you ignored the underlying problems.
If several years have passed before any electrical updates or plumbing maintenance have been done, this should be your starting point. What happens when updating your plumbing and electricals?
- Replacing the fuse box with a new one
- Installing a new and modern residual circuit device ROD for enhanced safety
- Rewiring the house wherever necessary
- Increasing the number of sockets and switches
- Installing new fans and lighting fixtures
- Look out for any noisy pipes that need fixing
- Replace old worn-out pipes with new ones
- Buy new faucets that function better and do not leak
- Install modern boilers to provide hot water on demand
The above are sure ways to have buyers scrambling to make offers that you’ll definitely find very lucrative.
Fix Structural deformities to add the most value
Are you considering redecorating the living room or redesigning your bathroom or kitchen? Well, hold it. Take a step back and inspect the condition of the structure of your house first. Fixing structural issues can cost as much value as an arm and a leg.
Before you spend money on less urgent matters, how about starting with the most critical project? Examples of structural projects include;
- Rebuilding weak walls that are cracked or look curved instead of straight
- Replacing rotten wooden beams
- Fixing a leak in the roof or a roof that appears to be sagging
- Repairing damage caused by insect invasions inside the walls or roof
- Replacing broken, worn out or missing roofing tiles
- Redoing a floor or slab that has collapsed
When working on the above structural projects, make sure you focus less on the money you must spend. Instead, look at it as a small price to pay compared to the return on investment you are set to fetch once you sell the property.
Work on the nitty gritty
While some flaws may seem like a waste of time and money, take a second and look closely. In combination, working on small projects together significantly affects the bottom line by adding the value of your house.
The good thing about such projects is that you can either use a professional’s help or do it yourself. These are small projects that can be done quickly and will not cost you much. Such projects include;
- Repaint any walls where the paint appears to be peeling off
- Replace dysfunctional door latches with new ones
- Grease or fix windows that are stuck or squeak when you open
- If the taps are dripping even when tightly turned off, replace them
- Are the sealants in your bathroom sinks or kitchen sinks mouldy?
- Fix them. Fix or replace loose, cracked or broken tiles
- If you can smell the sewer, it must be checked and fixed. If your ceiling appears strong but needs to be rejuvenated, get it repainted or maintained
Remodel before you add
The thought of building or working on a new space other than your main house is exciting. But would it make sense to put large amounts of money and effort into a new structure despite your current one needing attention?
If your aim is to add value to your house, think of improving high-traffic areas such as the kitchen, the living room, the washrooms, and the bathrooms. Thereafter, you can take up other projects. How best would you improve your current space, though? Here are a few ideas;
Tear down the wall dividing the roof space between the kitchen and the dining area. You can tear it completely or tear it halfway. The goal is to join the space between the dining area and the kitchen for enhanced functionality.
Add or remove walls throughout the house to achieve a different yet appealing look. Choose to have a few large rooms instead of many small ones. This way, your home will appear much larger than it actually is.
Rethink the number of rooms you need
Do you really need a three-bedroom house? How much space do you need for guests or family? Maybe you’d be better served with a two-bedroom home with extra space for an office, den, library, guest bedroom, etc.
Or maybe an extra bedroom can really add more space to your home, and the additional space for your family members or guests can be a game changer. So, one really nice change you can make is to rethink the number of rooms you need and develop a creative solution that can maximize space.
Don’t forget about decorations!
If you want to make the most significant impact per cent, create some added value on your loft or house by adding some decorative pieces that can tie the look of your house together. Whether it’s a large vase on the centre table, adding some plants or unique wall hangings, these small additions can make all the difference in creating an inviting environment for everyone who visits your home.
Even if you don’t add a whole new room or don’t enter into heavy structural work, you might find that decorations add a lot of “wow factor” to your home. Have fun with this, and don’t be afraid to be adventurous with your choices!
In any case, be sure to find a professional to handle all improvement projects in your horn. A shoddy job is less appealing and may cost one a lot as buyers will be reluctant to invest in the house. In the case of a loft conversion, for instance, you must ensure that the loft room’s design, finishing, and structure are done correctly.
- Are loft conversions worth it?
- How long does it take to convert a loft?
- Do loft conversions add value to your house?
- Minimum loft height for conversion
- Bungalow loft conversion
- Semi-detached loft conversion
- types of loft conversion
- loft conversion cost
- DIY loft conversion set-by-step guide
- Storage ideas for loft conversions