Are you considering adding more space to your home? One way to do this is to add a loft conversion. This is one of the most cost-effective ways to add space to your home, and Build Abode can turn a loft space into a new bedroom, a home office, or even a playroom or granny flat. A loft conversion can add a lot of value to your home and maximise the unused space you have. The question is this: how much does a loft conversion cost?
As you may realise, the cost of a London loft conversion depends on several factors. These include the type of conversion, the material used, and the planning requirements.
Here, our Build Abode experts will break down the costs involved, what can influence pricing, and even how to budget for an upcoming loft conversion project.
Average Loft Conversion Cost in London
According to several resources, including our data and data from Checkatrade.com, the cost of a 30m² loft conversion ranges from £27,500 to £90,000, on average. Keep in mind that this excludes VAT and other fees.
While this can give you a general idea of your spending, several factors will determine the final loft conversion cost.
Factors That May Affect the Cost of a Loft Conversion
Loft Conversion Type
The first thing that may affect the cost of a loft conversion is the type of conversion you are considering. For instance, a Velux or Rooflight loft conversion is often the most affordable option. It doesn’t require many structural changes in most cases.
Another type of loft conversion is a Dormer loft conversion. This type involves extending the roof to create more floor and overhead space.
If you have a semi-detached home, you might be a wonderful candidate for a Hip-to-Gable loft conversion, which essentially extends the sloped side of the roof.
Generally, the Mansard loft conversion is one of the most expensive options, as it restructures the entire roof but provides the most possible space.
Another common type of loft conversion is an L-shaped loft conversion. This is perfect for maximising space in period homes. However, the cost may be high due to the complexity of the home’s structure.
Project Complexity and Size
Speaking of complexity, this also affects the overall cost of a loft conversion. If a project requires extensive structural work, this will certainly add to the cost. Large spaces are naturally going to cost more, too. Additionally, if you require added features, such as an en-suite bath, this will increase the price.
Planning Permission and Regulations
Most loft conversions don’t require planning permission as they fall under permitted development rights. However, if you live in a conservation area or your project exceeds certain limits, you may need other permissions. This requires more fees. Finally, it is mandatory for building regulation approval, and these inspections may require fees.
Labour Costs
Labour costs are also added to the cost of a loft conversion. At Build Abode, we work with many skilled tradespeople, and their labour fees also factor into the cost of your project.
Materials
Finally, the cost of materials can raise or lower the price of a loft conversion. Of course, luxury finishes, high-quality materials, or bespoke elements can increase expenses.
Other Costs to Consider
In addition to the above costs, you may need to factor in additional costs. Keep in mind that the following costs are only averages and may vary.
Architectural & Structural Engineer Fees
The average cost of hiring an architect may range from £1,000 to £3,500, and the price of a structural engineer may vary from £500 to £1,500.
Planning & Building Regulation Fees
Planning permission fees are around £258. Building control fees may range from £500 – £1,000.
Heating & Insulation
Loft insulation costs can range from £500 – £2,500, depending on the amount and type of insulation. Heating installation, such as radiators or underfloor heating, might cost from £1,000 – £3,000.
Interior Décor & Furnishing
Finally, you need to consider the cost of interior décor and furnishing. Flooring, for example, averages from £1,500 – £5,000. You can expect to pay anywhere from £1,000 – £3,500 for painting and decorating. Finally, if you add elements like storage or built-in wardrobes, you can expect a cost of £2,000 – £6,000.
Budgeting for a Loft Conversion
Now that you know the cost of a loft conversion, we have some tips for creating a budget.
Set a Realistic Budget
First, it’s important to set a realistic budget and then add 10 – 20% to that, as you may have unexpected costs like fees or materials.
Prioritise Essentials
If your budget is tight, it is best to prioritise the essentials or the things you can’t live without. For instance, if you have your mind set on a specific type of luxury flooring, but your budget is tight, you might have to let go of other elements to keep your budget at a place you can afford.
Consider Financing Options
Finally, we can give you some tips on financing options. For instance, some of our clients use a remortgage to get the money needed for a loft conversion. You can also secure a home improvement loan from a bank. Finally, the UK government does have grants and incentives, especially if you qualify for a green energy grant by incorporating solar panels and other eco-friendly elements into the conversion.
Is a Loft Conversion Worth the Cost?
Now that you know what a loft conversion might cost, you need to consider if it’s worth it. In general, a loft conversion will raise the value of your property by 20-25%. This shows that it’s undoubtedly a worthwhile investment.
You will get more living space without having to move, you will have better energy efficiency thanks to better insulation and other factors, like solar panels, and any new construction on your home will add to the property value, which makes adding a loft a very smart financial decision.
Would you like to know more about how much a loft conversion might cost? Here at Build Abode, we offer complimentary consultations, and we can start the process by speaking and discovering what you want out of your loft conversion. Call today or fill out the form to schedule a consultation.
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