- 1.Bungalow loft conversion value added to a property?
You would be absolutely amazed at how much this area of wasted loft could add to your property. Bungalow loft conversions can increase your property value massively.
The value added by using the loft space
This 1-bedroom bungalow is about to have a loft conversions transforming it into a 3-bedroom house. The value added to the price on the house will be huge! After doing our own research we have discovered that 1 bed properties are on the market in this area for £195,000, while 3 bed properties are listed between £250,000 to £280,000.
How can you increase the value of your property?
- Increase the overall floor area of the house
- More bedrooms
- Another bathroom
- Add a garage
- Aesthetics – Update kitchens, bathrooms etc
Why does a loft conversion add so much to the value of a bungalow?
Floor area is a contributing factor to valuing any property. When converting a 2-storey house you can usually add an additional 20-30% of usable floor space. When it comes to bungalows however, converting the loft space can add 60-80% of floor space to your home.
The additional floor space from the loft conversion will be used to add 2 more bedrooms to this property, therefore not only increasing the liveable area of the house but also increasing the number of people it can accommodate, both very valuable factors when it comes to property evaluation.
This part of the house will be brand new show home standard and very aesthetically pleasing, always a great selling point when it comes to getting the best price for your home if you decide to move on in the future. At Steen we pride ourselves on our attention to detail and never leave a job until the customer is happy. If your house is one of the most attractive in the street it will shine over any other that may be tired, dated and in need of repair.
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If you would like to have a free consultation for a loft conversion, click here