Experts have warned that the UK housing market faces “clearly unsustainable,” and is facing a natural correction. Buyers are baulking at rocketing house prices because of the high investment risk. If you buy a house now you risk losing out in the long-run.
With property price creating another bubble that brought about the collapse of the market in 2007, homeowner’s must decide whether to continue their pursuit of a move, or stay put and find other means to resolve your housing issues.
Your reasons obviously depend on your circumstances, but if you need to move because you need more living space, building an extension on your existing home provides an ideal solution which is more cost-effective and less hassle than moving home.
The benefits of loft conversions
Loft conversions offer home owners several key advantages. From a financial viewpoint, extensions add value to your home, and providing the renovations works are carried out well by a specialist you will earn a significant return on your investment.
But attic rooms also have practical uses and are a lot less expensive than the purchase of a new home if you are looking to upsize. Innovative designs architects conjure up these days also mean you can do practically anything with your loft space.
The number of people working from home in the modern age would welcome office space in an attic where they can get some peace and quiet away from the family. Attics also make cool en-suite bathrooms which would appeal to a teenager, or a post university graduate returning to the family nest saddled with debt.
With an extra room you have the potential to earn a little extra income and boost your monthly income over the long-term. Well- designed loft conversions are particularly eye-catching and with limited rented space available on the market, you will have no problem finding a lodger.
Improve energy efficiency
Loft conversions also improve the energy efficiency of your home. A properly insulated attic keeps the cold out and helps to circulate the air in your home. With so much focus on improving energy efficiency in the home and government incentives to upgrade your heating system, now is a good time to convert your loft space and take advantage of green deals.
Attic rooms also require very little maintenance and have limited impact on your living space during building works. Although a typical loft conversion take between 9 and 12 weeks to complete, once the stairway is fitted and the connected floor is redesigned, all other work is in the roof of the house and out of your way.
During construction the roof is properly sealed and airtight so you do not lose heating from the home, even during winter months. There is little than can disrupt the continuation of the building process other than severely harsh weather blocking roads and preventing builders getting to your property.
If you are contemplating fitting a loft conversion, make sure to speak with an experienced professional specialist who can properly advice you and most importantly, complete the project satisfactorily.
City Lofts London – award-winning builders
0845 519 4321
PS stuck for interiors inspiration? Look no further