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When its impossible to build out and create more space sideways, why can’t you look upwards? As more and more homeowners in the UK are carrying out their loft conversion project, one question that keeps popping up is the amount of value the loft conversion can add to their homes. However, this is a question that is impossible to provide a single and precise answer to. This is because the value that’ll be generated by a loft conversion is largely dependent on a wide range of influencing factors. To give you a vague idea of the loft conversion value to a property, we’ve put forward a research carried out by industry experts so you can know what you’re in for.

Nationwide carried out a research which shows clearly that a loft conversion including an additional bedroom as part of the building plan will increase a house’s value by up to 21 percent. Since the number of rooms a house has is one of the main metrics for house valuations, loft conversion comes in pretty handy as it’s a great and easy way to convert your house from a 4 bedroom house to a 5 bedroom house prior to sale.

Apart from the financial value aspect, loft conversion also adds more value to your lifestyle which is very unlike nearly other financial investments you can make. More space in your house automatically means more storage or a new room as you wish. A new room can be for a growing family or probably to serve as a guest room. It can also be used as a study space or even an office especially with the rapidly growing rate of people working from home. With loft conversion, the possibilities in terms of value are simply endless!

The short and simple answer is yes, fitted wardrobes add value to any home or property. Owning a home is mostly the single most expensive asset that a person can possess. And as a result, your home is a very special asset that you’d want to make conducive and maintain to the best of your ability. To retain the value of your home or even add to it, you have to learn how to maximize its potentials using different means. In the UK, a big issue for most households is usually the lack of storage space and most especially, the quickly shaped bedrooms which is really affected with storage problems. It almost always seems like there isn’t enough space to keep our clothes as well as the never-ending portfolio of accessories, devices and gadgets. Therefore, an extra or excess usable room inside a home is always a premium.

In other words maximizing the space you have, especially the unused ones, is a great way to add value to your property. Custom made fitted wardrobes are a great means to making the most out of the space within your home and are also designed to last for several years. Unlike the freestanding wardrobes, modern and fitted wardrobes are not only visually appealing, but they’re also customizable to fully maximize every inch of space within the room. As a result, they’re the ideal solution especially for loft rooms where the bedroom may be slope or oddly shaped to make the best out of the space available.

Potential investors are always eager to invest in homes with enough space that are well maximized. Therefore, a fitted wardrobe will not only help you create a better demand for your home at the point of selling, but it’ll also go a long to increase its value in so many ways.

If your basement has a cavity drain membrane, it’ll need a pump to move water away from the exterior of your basement and prevent flooding.

Sump pumps can be noisy, but they don’t have to be. Generally, if you have a well-designed pump that’s installed correctly, you shouldn’t find it a problem. For best results, hire a skilled, experienced professional to supply and install your drainage system.

Does A Single Storey Extension Add Value To Your House?

When you’re looking to construct a single storey extension or perhaps you’re just searching for means to increase the value of your property, this question always pops up. The short and simple answer to this question is a resounding yes, a single storey extension can go a long way to increase the value of your property. Just like any other home improvement, when done right, adding a little extra living space is one of the top things you can probably think of that’ll provide a cool increase in your property’s value. However, before you rush in you must also take note of some factors so you can be certain a single storey extension is the right option for you. These factors include the quality of the build, complexity of the build, cost of the build versus the value gain, ceiling price in the area, finance costs as well as the inconveniences and stress.

Generally, the average cost of a single storey extension can range from £34,000 to £37,000. For this price, you should get a standard sized rear or side extension which also includes the cost of a kitchen - it’s the most commonly use for a single story extension especially in the UK. So it’s important to know the value they’ll add to your house before deciding to make such an investment.

The value added to your property will depend largely on the quality and size of your single storey extension. The value is usually calculated by estate agents using the number of bedrooms, bathrooms as well as the floor area. Inside London, it’ll typically be priced at £5,000 to £10,000 per square metre, while outside London should be within the range of £900 to £2,000 per square metre.

Are you interested in extending your home to create more living space? If yes, then you’d probably want to know how much value it can add to your property in order to compare the building costs to the potential value gain. Well, as long as you know what you’re doing, your house doesn’t necessarily have to be a money pit. So what are your options when talking about home extensions and what’s the associated value to be gained?

• Bathroom Extensions

Although you should have it in mind that bathroom extensions isn’t usually that cheap, but once done, it can increase the value of a standard UK house within the range of £12,000 to £15,000. Meanwhile the finishing cost of a bathroom can range from £2,500 to £7,000.

• Single or Double Storey Extensions

Single storey extensions are always huge when it comes to increasing the value of your home - giving about 4 to 7 percent increase. If it goes that far, then literally nothing beats a full spectrum, double storey extension which can give up to 11 percent increase in the value of a property - equalling about a whooping £33,000 for a standard home in the UK.

• Conservatory Extension

With conservatories becoming more and more popular in the UK due to the weather conditions, several buyers are now including it’s availability as part of the criteria for purchasing a house. Wonder why? This is simply because everyone wants to enjoy their garden all throughout the year. As a result of this high demand, adding this type of extension to your house can go a long way to increase it’s value. However, it’s very important to incorporate high quality materials during construction. With glass conservatories offering, on the average, up to £5,000 increase in value, the cheaper PVC alternative offers much less value and can also deter potential buyers.

How long it takes to install insulation will depend on the size of your property. In general, loft and cavity wall insulation can be installed in a day or two. External wall insulation will usually take longer to install. The rep or installer will be able to advise you when quoting for the job how long this will be.

The answer is yes! Houses whose external walls have been insulated are more valuable than their uninsulated counterparts. And not only does it add to the value of a home, but also significantly reduces the amount of electricity consumption. This is a major turn on for potential investors which implies a greater demand and ultimately, a higher price. The real estate market is a very dynamic one which can be hard to predict at any particular time. The frequent changes in price are usually down to factors beyond the owners’ control, but if you’re looking to put up your house for sale in the near future, it would be a wise decision to consider ways in which you can increase its value. While renovating each room can be on the expensive side, a great solution would be insulate the external walls.

An insulated house is one that is well secured against the harmful impact of extremely high or low temperature, humidity and other atmospheric factors. Hence, the reason why a house with external wall insulation has a greater value which you would not want to miss out on. What’s more? You’ll get a great thermal insulation with the top notch materials like foamed polystyrene, high quality renders, mineral wool or polyurethane.

With an external wall insulation, you know the transaction will always be favourable on both ends. You get to smile to the bank, while the buyer also gets to enjoy great value for every penny spent. To employ the services of a reliable external wall insulation expert, simply conduct an in depth research from family and friends, online and other sources. Go through their online reviews and ask questions to become more familiar with the process and its value-adding potentials.

When it comes to house renovation costs, nothing is certain. As a rule of thumb, you should always expect the unexpected. Unforeseen circumstances (mostly unfavourable) can crop up from anywhere, at any time, greatly affecting the cost of the project. However, if you’ve completed proper planning and done your due diligence on your property before commencement, there’s absolutely no reason why you can’t put the works on budget.

The cost of a house renovation project depends on a lot of variables. These variables include the type of property you’re undertaking as well as the amount and complexity of the entire project. What’s more? Whether you decide to do some of the work yourself or wish to hire quality tradespeople to cover the entire project will also tell on the cost of the home renovation.

In the event whereby you wish to completely gut your property and begin from square one, here are some of the cost you’re most likely going to incur:

✓ Planning applications and building controls

✓ Architect’s design and specifications

✓ Contractors and build costs

✓ Snags as well as unforeseen problems

What will be the biggest cost, which will be determined by the amount of work you need done, is most likely going to be the structural and building work, which can reach up to tens of thousands of pounds.

Asides from material and labour, the administrative costs is another important cost you’ll need to factor in. The first thing here is usually insurance, this is because all regular building insurance policies does not cover large scale renovation projects. So if what you’re planning is a huge structural change to your property, then it’s more likely that it won’t be covered by your buildings insurance policy. In this event, you’ll have to take out a specialist renovation insurance.