At KB Mortgage Services, we love nothing more than tips and advice surrounding property. So we asked Paul Wherton, of designers and innovators Roof Windows 4 You, to tell us more about the benefits of a loft conversion; and how having one could improve your home.
It’s a shame to see existing space go to waste. With a loft conversion, you’re making the most of what’s already available to you and capitalising on the potential of your property.
Here are just some of the reasons why people choose to have a loft conversion:
1. Create extra space
The UK has some of the smallest living spaces in Europe, so every square metre counts. If you find yourself in need of some extra space, converting your loft is a convenient and cost-effective option. Plus, a loft conversion is significantly cheaper and less disruptive than adding an extension, which requires planning permission – and can take years to complete.
Building up – rather than out – also means there’s no loss of outside space and you’re not required to sacrifice any of your garden or encroach on your neighbours.
Valuable space in your loft that is wasted on dusty boxes can be turned into an extra room with carpet, walls, and innovative storage solutions – perfect for increasing space. Whether you use your loft to accommodate a new family member or as an extra area for guests, loft conversions are designed to be stylish, comfortable, and efficiently maximise storage space.
Plus, who said loft conversions are just for bedrooms and storage? A new loft is a blank page: why not get creative by turning it into a play room, games den, or home cinema.
2. Make the most of natural light
Loft rooms are blessed with plenty of natural light due to the height, positioning and angle of their windows. As well as boasting the most superior views in the house, the natural light that they provide scientifically makes people happier. That’s largely because exposure to sunlight provides vitamin D, which boosts our sight, sleep cycles, and productivity.
Plus, indoor plants that feed on sunlight help improve the quality of the air we breathe. All that extra heat saves energy too — good for the planet and for reducing your bills.
3. Make money off your property
Structural alterations such as loft and basement conversions are one of three ways to add value to your property, alongside full renovations and interior design. Though they can be costly, loft conversions are a small expense when compared to the value added to your property, which can be up to 20% – so it’s likely that you’ll get a return on investment!
If you don’t necessarily need the space and are just in it for the financial rewards, you can make the most of your loft conversion without having to sell your home by renting it out to a lodger — some nice extra income, plus up to £7,500 a year of it could be tax-free. For something more short term, you can even offer it as a place to stay on Airbnb. Just be sure to check with your loan provider that there are no mortgage restrictions on having a lodger or Airbnb!
These are just some of the ways that loft conversions can benefit your property. Cheaper than extensions, loft conversions increase the space available in your home, add plenty of natural light, and increase property value.
If you’re thinking of buying a home with loft-conversion potential, then get in touch today for a no-obligation mortgage advice consultation:
It’s always recommended that you seek professional advice before undertaking any structural alterations on your property.
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