Garage, loft, and cellar conversions are popular home improvement projects that can significantly enhance a property’s value. These transformations not only maximise the existing space but also satisfy the ever-growing demand for multi-purpose living areas.
Increased Living Space
One of the most apparent benefits of these conversions is the addition of valuable living space. With property prices high, making the most of every square foot is essential. Converting garages, lofts, or cellars into usable spaces, such as bedrooms, home offices, or entertainment areas, can significantly boost a property’s appeal and value.
Adaptability to Changing Needs
As families grow or lifestyles change, the demand for adaptable living space becomes crucial. Conversions
offer flexibility to create rooms tailored to the homeowner’s specific requirements. A loft turned into an extra bedroom, or a cellar transform
Energy Efficiency
Many garage, loft, and cellar conversions involve upgrading insulation and implementing energy-efficient features, aligning with the increasing focus on sustainable housing.
Homebuyers are often drawn to properties with lower running costs, making energy-efficient conversions more appealing and potentially increasing the property’s overall value, as well as improving the EPC rating.
Enhanced Aesthetics and Functionality
Conversions offer the opportunity to create bespoke spaces with unique designs and features. A well-designed conversion can elevate a property’s aesthetics and functionality, making it stand out in the competitive housing market.
In prime urban areas, where space is at a premium, a well-executed conversion can be a key selling point, leading to higher demand and increased house value. There are a variety of ways you can fund these projects, with remortgaging being just one of these options.
How to set about funding the project
There are a few ways to use the capital within your home, but each option has its specific pro’s and con’s. A lot will depend on how long you have had your current mortgage deal, and how close you are to renewing your fixed rate, but we look at all options when we discuss cases for home improvements.
If you’d like to discuss the options available to you, contact us today!
