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Bungalow Loft Conversion Value Added

Bungalow loft conversion value added to a property?

Bungalow loft conversions can be a fantastic way to add value to your property. By converting your unused loft space, you can transform your bungalow into a multi-bedroom property, which can significantly increase the value of your home. In this article, we’ll explore how bungalow loft conversions can add value to your property and discuss some of the benefits that come with investing in a loft conversion.

The Value Added by Using the Loft Space

It’s no secret that loft conversions can add significant value to your home, but just how much value can it add? Let’s take a look at an example. Consider a 1-bedroom bungalow that is about to undergo a loft conversion that will transform it into a 3-bedroom house. The value added to the price of the house will be substantial! After conducting some research, we found that 1-bedroom properties in the area are selling for around £195,000, while 3-bedroom properties are listed between £250,000 to £280,000. That’s a massive increase in value!

How Can You Increase the Value of Your Property?

There are many ways to increase the value of your property, and a loft conversion is just one of them. Here are some other ways that you can increase the value of your property:

  1. Increase the overall floor area of the house – adding more usable space to your property will always increase its value.
  2. Add more bedrooms – the number of bedrooms is one of the most critical factors that buyers consider when looking for a property.
  3. Another bathroom – having an additional bathroom is always a selling point, especially if you have a large family or entertain guests frequently.
  4. Add a garage – if you have the space, adding a garage can be a great way to increase the value of your property.
  5. Aesthetics – updating your kitchen and bathrooms can make a significant difference in how much your property is worth.

Why Does a Loft Conversion Add So Much Value to a Bungalow?

When it comes to valuing a property, the floor area is a contributing factor. Converting a 2-storey house typically adds an additional 20-30% of usable floor space. However, when it comes to bungalows, converting the loft space can add 60-80% of floor space to your home. This additional floor space can be used to add more bedrooms or another bathroom, which can significantly increase the value of your property.

In addition to adding more living space, a loft conversion can also add to the overall aesthetics of your property. At Steen, we pride ourselves on our attention to detail, and we never leave a job until the customer is satisfied. If your property is one of the most attractive on the street, it will stand out over other properties that may be tired, dated, and in need of repair.

Another benefit of a loft conversion is that it can make your property more energy-efficient. By adding insulation to your loft space, you can reduce the amount of heat that escapes from your home, which can lead to lower energy bills. Additionally, many loft conversions include the installation of double-glazed windows, which can further improve energy efficiency.

Conclusion

If you’re looking to increase the value of your bungalow, a loft conversion can be a great investment. By adding more living space and improving the overall aesthetics of your property, you can significantly increase its value. Whether you’re looking to sell your property in the future or simply want to enjoy the benefits of a larger home, a loft conversion is a smart investment that can pay off in the long run. If you’re interested in learning more about loft conversions, contact us today to schedule a free consultation!

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