Adding a loft conversion boosts home value by a fifth, study finds


According to The Telegraph, 17th April, a new study shows that developing your attic can add up to £37,000 to your home’s value

Home owners could boost the value of their property by 21 per cent by adding a loft conversion, a study shows.

Putting in an attic room has been found to have the potential to add £37,000 to the value of a home, while just adding an extra bedroom can equate to an extra £20,000, according to research by the Nationwide Building Society.

Based on the average house price of £178,124 in the first quarter of 2014 according to Nationwide’s price index, this would mean that an extra bathroom could add £8,900 to the value of a home. Boosting floor space by 10 per cent could add a similar amount of value to adding another bathroom.

Playroom


« back to blog