What is a realistic budget for a loft conversion?
Once you have confirmation that your loft is suitable for a conversion, you can start thinking about how to use your new space. While you’re thinking about the permanent items you’ll be adding, you’ll also need to allocate a realistic amount of money for the project to cover everything. And remember to assign a contingency, as there will always be a surprise or two.
The cost of a loft conversion depends on the size of your loft and the style of conversion you decide upon. As a general rule, a loft conversion may add £50,000–£60,000 onto the value of your home, depending on its size. As most loft conversions cost between £20,000–£40,000, you’ll need to keep an eye on your budgets to achieve a good return on investment (Household Quotes).
When setting your budget, consider the average prices for essentials such as prepping the existing loft for conversion, any rewiring, access arrangements and fitting both flooring and roof windows. You should approach a range of architects or loft conversion specialists to find the most competitive quotes for each of these processes, basing your budget on the top three.
