A loft conversion is an excellent way to create additional living space in your home while potentially increasing its value. However, one of the primary concerns for homeowners considering a loft conversion is its cost. We look at the factors influencing loft conversion costs and provide a rough estimate of the expenses involved.
How much does a loft conversion cost?
The cost of a loft conversion can vary widely depending on several factors, including the type of conversion, the size and complexity of the project, the materials used, and the location of the property.
On average, loft conversions can range from £20,000 to over £60,000. But to better understand these costs, we need to examine the different types of loft conversions and the associated expenses.
Types of loft conversion
Velux or roof light loft conversion
This type of conversion involves installing roof windows and reinforcing the floor without altering the roof’s structure. It can be the simplest and most affordable type of loft conversion, with costs typically ranging from £20,000 to £30,000.
Dormer loft conversion
A dormer conversion involves extending the roof to create additional headroom and floor space.
This type of conversion is more complex than a Velux conversion but still relatively affordable, with costs generally ranging from £30,000 to £50,000.
Hip-to-gable loft conversion
In this conversion, the sloping ‘hip’ side of the roof is replaced with a vertical ‘gable’ wall, creating more space.
This type of conversion is suitable for certain types of properties, such as semi-detached and end-of-terrace houses. Costs for hip-to-gable conversions typically range from £35,000 to £55,000.
Mansard loft conversion
This involves raising the roof’s pitch and constructing a flat or near-flat roof, creating a large amount of additional living space. This type of conversion is the most complex and expensive, with costs usually starting from £45,000 and potentially exceeding £60,000.
What affects the cost of a loft conversion?
Several factors can influence the overall cost of a loft conversion and estimates will vary from one loft and location to another. Below are the things to consider that will have an overall bearing on the cost implications for a loft conversion.
- Labour and material costs can vary significantly depending on the property’s location. For example, costs in London and the Southeast tend to be higher than in other regions of the UK.
- Design and complexity: The cost of a loft conversion will increase with the complexity of the project. For instance, incorporating en-suite bathrooms, bespoke storage solutions, or balconies can add to the overall expense.
- Structural work: If your loft conversion requires structural alterations, such as removing load-bearing walls or installing steel beams, the costs will increase.
- Planning permission and building regulations: While most loft conversions fall under permitted development rights, more complex projects may require planning permission, which comes with additional fees. Additionally, all loft conversions must comply with building regulations, which may necessitate extra work and expenses.
- Professional fees: Hiring architects, structural engineers, or other professionals for design and planning advice can add to the overall cost of the project.
- Finishing touches: Flooring, lighting, heating, and decorating costs should also be factored into the overall budget.
Will a loft conversion add value to my home?
Done well a loft conversion can add significant value to your house. It is often considered one of the most cost-effective home improvement projects for increasing a property’s value.
According to various studies and real estate experts, a well-executed loft conversion can increase the value of your home by up to 20%.
However, the actual increase in value will depend on several factors not least the quality of the conversion. A professionally designed and well-executed, high-finish loft conversion will likely add more value to your property than a poorly constructed or unfinished one.
The type of loft conversion and additional features i.e. en-suite bathrooms, built-in storage, or balconies, can make a loft conversion more appealing to potential buyers and further increase your property’s value
Loft conversions and your Location, Location, Location
The increase in property value can also depend on the location of your home and the local property market.
In areas where living space is at a premium, such as urban centres or locations in high demand, a loft conversion may have a more significant impact on the property’s value than a property in a more rural area.
Also, the value added by a loft conversion will be higher if there is a strong demand for additional living space in your area. For example, if homes with extra bedrooms or home offices are in high demand, a loft conversion that provides these amenities is likely to be more valuable.
Should I do a loft conversion?
While a loft conversion can add value to your property, the primary goal should be to create functional, comfortable living space that meets your needs and enhances your quality of life.
The potential increase in property value should be viewed as an added benefit rather than the sole motivation for undertaking the project.
Last Updated: May 22nd, 2023