Estate agent warns over loft conversions
Estate agent warns over loft conversions
Loft conversions can be a cost-effective way of adding value to a home, but to do so they need to be done properly.
Haart estate agents is warning homeowners that they could end up losing thousands of pounds if they attempt a loft conversion without undertaking the necessary research.
The value a conversion will add, the amount of available space and whether you have correct planning permission are all factors that need to be taken into account.
"Converting a loft is becoming a lot more popular to help homeowners step up the property ladder," said Haart managing director Russell Jervis.
"If a loft conversion is carried out properly it can certainly add to the value of a property. However it is important that homeowners follow some simple guidelines otherwise they could simply be pouring a lot of money down the drain."
Now, not everyone who converts their loft into a more usable space is intent on increasing the value of their home, but those who are would be wise to pay heed to the following advice:
Potential - Carefully assess the space to ascertain whether a conversion is worthwhile. Is there enough room to stand? Will it be a comfortable, useable space?
Planning permission - Planning rules vary by area, so contact your local authority to check whether you need permission. Obtaining permission on its own may increase the attractiveness of your property to a potential buyer.
Not for DIYers - Loft conversions are worth doing properly. They need to be finished off to a professional standard and bad loft conversions could even reduce the value of a property.
Shop around - Obtain at least three quotes before opting for a builder. Ask to see similar lofts they have built.
Create a living space - Loft conversions must not end up as a glorified storage room. To be classed as a living space, such as an extra bedroom, loft conversions must have a proper staircase, windows and meet fire and building regulations.
Consider a bathroom - If you are increasing your property to four or five bedrooms, consider adding a shower en-suite because people will expect two bathrooms in a house this size.
Quality of finish - Builders will only install standard finishes unless instructed to do otherwise. Ensure that the additional room is in keeping with the rest of the property.
Submitted by charles jeffrey on Tuesday 21st September 2010