Why Loft Conversion?
As property prices continue to struggle in many parts of the UK, the number of people staying put and converting their lofts into an extra room is on the increase, research shows.
Research suggests a rise in vendors pulling their property off the market to spend money on improvements. "People are making the most of the space they have because of the costs of moving and a loft conversion can be an asset to a home,"
And it's estimated that a loft conversion can add 10% to a property's value, even when prices are wobbling.
What are the most common loft designs?
Here are just a few design ideas for maximising on the space in the roof.
A full loft conversion in the traditional sense would mean installing a master or guest bedroom with en-suite bath or shower room. That would arguably give the best return on the investment, and would be at the higher end of the budget.
As many more people are now working from home, an increasingly popular loft design is the home office, fully kitted out with cabinets, storage and wiring for all telecoms. If you're creating this kind of space in your loft, you may wish to include design features such as desk-high electrical sockets.
Turning your loft into a playroom or teenage den might be a way of accommodating the children, and with more grown-up children staying at home for longer, this could be an invaluable use of the space.
Even a simply boarding out the attic space and installing a good access point, a robust loft ladder and lighting to create a basic storage space can make your property more appealing when you come to sell. Every house should at least finish their loft in this way, before thinking about moving. It makes the property more saleable, as almost everyone who moves does so because they need more space.
What will it cost?
Loft conversions usually cost is £20,000-£30,000 mark. This is what it would cost to employ a specialist loft conversion company us OTRC. Costs can be drastically reduced by doing some of the work yourself.
Much of course depends on the type of conversion. For example, a basic storage solution can often be done in just a day or two and there are some specialist loft conversion companies who will, for around £1000, install joists, a new hatch, lighting and a loft ladder in just 24 hours. Even this kind of conversion can be worthwhile if you are planning to sell your property. Having more accessible storage space available means having more useable space - and space sells houses.
But for a full-scale and well-built loft conversion, the cost usually falls somewhere between £14,000 and £40,000.
The following is a guide to the costs you could expect to pay depending on the size of the project (note - figures are estimates which don't take into account regional variations but still provide a useful guide).
- Small loft conversion to include joists, two roof lights and stairs. Insulated and plaster-boarded, second electrical fix. £15,000-£17,000
- Medium loft conversion to include joists, two roof lights and stairs. Insulated and plaster boarded, second electrical fix. £18,000-£24,000
- Large loft conversion to include joists, two roof lights and stairs. Insulated and plaster boarded, second electrical fix. £25,000-£40,000
- Storage loft conversion to include flooring, lighting and loft ladder £700-£1000
Other estimated loft conversion prices:
- Loft stairs (manufactured and fitted) £500-£800 for a traditional straight flight or spiral £1000-£2000
- Roof lights (supplied and fitted) £500-£750
- Dormer (built and glazed) £4000-£6000
- Loft plans drawn up by an architect or other professional to be submitted as part of a building regulations application £400-£1500 (dependent on the complexity of the project)