Undertaking a loft conversion can be a lot of fun. And while it may take time and cost money, it can also be one of the most financially rewarding remodeling projects you will ever undertake. But the question is, why would you really want to convert your loft. The following are some of the most common reasons why a loft conversion makes sense.
To increase the value of your home
Studies show that loft conversions usually lead to an increase in property values. In most cases, the increase in value is estimated to be between 10% and 25%. Therefore, doing a conversion is an easy way to earn more money from your property in case you are planning to sell it. Even if you have no plans of selling it, an increase in your home’s value can help you when it comes to accessing favorable loan terms from a financial institution. Therefore, there is a financial incentive to being willing to incur the cost of a loft conversion.
Create more storage space in your home
A loft conversion is an easy way to declutter your home. If your home starts to feel more crowded, and you have no plans of disposing of most of the things that you own, converting the loft is a good way to get rid of some of the excesses. The same applies to cases where your garage or storage room is starting to fill up and you are increasingly having a hard time retrieving your valuables. Converting the loft and then using it as a storage space for things that you rarely use, is a great way of making your existing storage space more accessible.
Provide privacy or a great view for loved ones
If you have gotten to a point where loved ones need a little more privacy for themselves, you can convert the loft into a beautiful room that they can use. Even in cases where the space is too small for a room, you can always convert it into a bathroom that they can use. This added privacy will make your loved ones more comfortable in your home, especially if the loved ones in question are teenagers.
If you are surrounded by nature or are in an area with beautiful scenery, a loft conversion will also make sense. This is because the added height of the loft will give you a better view of your surroundings, and all you will need to do is to install a window in order to be able to enjoy the view.
Improve your home’s insulation
Converting lofts in bungalows does not have to necessarily be geared towards increasing space. They can be geared towards making a home more comfortable.
During winter, a poorly insulated home will lose heat fast. This means that you will have to keep your air conditioning system running for longer periods just to maintain the desired temperature. This is something that you can solve by simply turning the loft into a reliable insulation buffer. You can achieve this by filling it up with insulation material. As a result, the insulation will prevent rapid heat loss during winter, something that will go a long way towards helping you to keep your energy bills under control.
Since insulation also helps to reduce the rate at which your home absorbs heat, it will also come in handy in helping to reduce air conditioning costs during the summer.
Avoid the costs and hassles of a planning permission
A loft extension is an easy way of circumventing the requirements for a planning permission. In most areas in the country, a planning permission is required in order to build an extension. However, the same is not necessary in cases where a person converts a loft. Therefore, even if you have the room in your property to add more space, you can opt to simply convert a loft in order to avoid the costs and the inconveniences of applying for and waiting for a permit from the local authority. Furthermore, there are cases where for one reason or another, your application for a permit is denied. In such a case, a loft conversion will make sense.