How to Increase the Value of Your Home With Loft Conversions

Housing-Market / UK Housing Mar 28, 2014 - 10:34 AM GMT

Percentage added to the value of ones home is typically 125% to 200% of costs incurred. Typically £30k spent can convert into as much as a £60k increase in value.

If your loft is of at least 2.3 metres in height (centrally) then a loft conversion is one of the easiest ways to add both space and value to your home that can typically yield twice the amount spent. The cost to convert a loft into a layout of 2 bedrooms and 1 bathroom would typically cost £30,000 to £40,000 for a standard dormer window conversion, therefore adding approx £60k to £80k to the value of ones home.

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4. Loft Conversions

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Usually planning permission is not required if -

The dormers do not extend beyond the plain of the existing roof.
Add less than 40 cubic metres space to terraced and 50 cubic metres to semi and detached properties.

Before loft dormer conversion:

After loft dormer conversion:

Note front dormer windows will require planning permission.

Loft conversion extreme:

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Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, stocks, housing market and interest rates. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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