Q We are planning a hip-to-gable loft conversion (which will price us about £55,000) to give us a different bedroom and bathroom. The property is at the moment valued at £325,000. We prepare to transfer out of the region in four years’ time for faculty catchment area uses.
Do you think the £55,000 investment decision will be repaid in that time or – to put it another way – is it acceptable to believe that the cost of the added bedroom and rest room will insert the similar total to the price of the house? The dwelling is at this time a 3-bed room 1930s semi.
GB
A If Nationwide is to be believed, in a report from 2020, a loft conversion incorporating a double bed room and bathroom can include about 20% to the price of a 3-bed, 1 lavatory household. But there is no assure and a great deal relies upon on where in the state the home is. But if the conversion is performed terribly, it may have a detrimental impact on the price of a residence. The guidance site homebuilding.co.british isles states hip-to-gable conversions “have a strong visual impact on a property’s kerb attraction and – unless completed effectively – can from time to time surface terribly bulky”. This is significantly the case exactly where one particular of a pair of semi-detached houses is converted – normally ensuing in an uncomfortable and imbalanced visual appearance (unless of course they are equally converted in tandem).
You may possibly want to have a chat with your neighbours just before going ahead with any functions, as well as looking at very similar initiatives to make positive you are pleased with how your property is going to glance if you get a conversion done.
If you want to include a bedroom and lavatory for the reason that it is less costly than going to a even bigger house, I can see the position of getting the conversion done. But if it is just to add price, then I would talk to an estate agent just before parting with any income. But that’s partly due to the fact I really do not get pleasure from the disruption (and dust) from finding the builders in.