Property News > Adding a loft is the best way to increase property value

Adding a loft is the best way to increase property value

An extra £11,000 can be added to the value of a property by homeowners who look to
convert their loft, according to new research by Halifax. That said, it can cost around £22,000 to complete the work.

Meanwhile, the second most-lucrative home improvement is a green living roof, where
vegetation of plants are added, increasing property value by £8,676 on average.

The research also found that other notably lucrative home improvements include bi-folding doors, which add £5,256 on average, and a garage conversion, which typically adds £4,847.

Russell Galley, managing director at Halifax, said: “While upgrading our homes is simply a
labour of love for many of us, others invest in renovation to increase value and maximise selling potential.

“Social media is giving more people instant access to the latest home and interior trends at
their fingertips, so it’s no surprise to find this influence filtering through to home
improvements.

“Loft conversions and green features can generate attractive potential returns, yet traditional factors including location, local property price, access to schools and transport will continue to have a big influence on house prices.

“That’s why it’s important to do your research if you’re looking to sell as, you can get a better sense of the most attractive improvements by understanding your local markets.”

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