Loft conversion can add 20.9% value

Posted 2007-12-12

In May 2006, Nationwide, a financial services provider, conducted a study which showed a 20.9% boost in the price of a home after a loft conversion.

Before putting a house on the market for sale, individuals should consider that loft conversions can add to the value of a dwelling, thereby usually substantiating the redevelopment and the expense involved. 

The loft conversion specialists at Econoloft stated that the renovations now present much more of a “wow factor” for potential buyers than adding a conservatory. 

An Econoloft spokesperson stated, “For the price of moving you can have a loft conversion and you are one rung up the ladder. When you do come to move you have a more expensive property to sell.”

However, either type of addition could be funded through a homeowner loan, and used as reinvestment funds in order realize a greater return, upon the sale of Real Estate property.

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