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Loft Conversion Specialists for over 25 years
TVM Loft Conversion Specialist Company
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08000 689969

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The Loft Conversion Family Run Business for over 25 Years
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Adding Real Value To Your Home With A Loft Conversion

With the cost of moving every increasing, more and more turn to loft conversions. Here's why?

Is Converting Your Loft A Good Investment?

Find out why independent research shows the loft conversion out strips any other way of adding value to your home

If you do any research you’ll find a loft conversions is one the most recommended ways of adding value to your home – why?

It comes down to three basic reasons:

  • You create more living space within your existing home.
  • According to independant surveys completed, a loft conversion per square metre gained is half that of an house extension.
  • It doesn’t reduce your valuable garden space.

 

Speak to any good estate agent in your local area, or across the UK for that matter, and they’ll tell you adding value to your home can be achieved easily be doing any or a combination of the following:

  • Add 10% or more to the total floor space of your home
  • Increase the number of bedroom for the property
  • Create an additional bathroom or en-suite
  • The above being done without significantly reducing your garden space

 

25-%-percentage-increase-home-valua-via-loft

We've seen an average property value increases of 20-25% following one of our loft conversions

Is it cheaper to move or convert your existing property?

This question is probably the biggest reasons why people have a loft conversion instead of moving home

move-home-or-get-loft-conversion-ukMoving home is a big emotional and financial decision, especially when you have a young family to take into consideration. Many couples are telling us the cost of moving has increasing rapidly. When taken these costs into consideration, these alone have help them pay most of not all of the loft conversion. 

Case Study

To give you some ideas of the cost benefits of getting a loft conversion over moving to a new home, here is a real story of a couple we helped. Mr & Mrs Ford, who own a large bungalow with three small bedrooms, in North Lincolnshire. The couple have 2 children, and have just found out, they are expecting a third in 7 months time, so they being to look at options. 

To buy similar aged 4 bedroom house, with ensuite to master bedroom home in the same area as they live now, would cost them an extra £40-45k. In addition to this the cost of moving home would be almost £8k when all is taken into consideration:

  • Estate Agents Fee 1% + VAT – £2,100.00
  • Stamp Duty – £1,500.00
  • Solicitors Base Fee – £1,100.00
  • Local Searches & Electronic Transfer – £350.00
  • Mortgage Evaluation Cost – £250.00
  • Cost Of Switching Mortgage, inc all fee’s – £1,200.00
  • Increase In Council Tax (first 5yrs) – £560.00
  • Removal Company – £850.00

Total Cost Of Moving Home approximately £48,000 to £53,000

With this in mind they spoke with TVM Lofts, and compared the costs. We gave a fixed price quote for a loft conversion with a rear dormer, giving them two bedroom upstairs, including an additional jack and jill ensuite. We also update the three bedroom to make room for the new staircase, and left 2 large bedrooms downstairs. Total Cost include vat was £38,000, giving them saving between £10,000 and £15,000, and a whole lot of stress.

Plus after the renovations where complete, the house was revalued with a new market value of £214,000.00. That’s a huge 22+% increase on the original evaluation.

Want To Make An Even Bigger Saving?

Check out our DIY or Partial Loft Conversions. With this option you take on as much of the work as you want, making your savings even greater!

Book Your Free Design Consultation Today

We offer a free no obligation survey at you home to view, measure-up and discuss your specific needs.
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