Loft Conversions and Exetensions renovate or relocate?

loft conversion can easily add 15% to the value of your home and in some extreme cases an extension can even add up to 50%.

Dormer | Gable end| Kitchen Extension?

When you consider the average property price especially in cities this suddenly becomes a no lose calculation.

In all fairness a normal kitchen extension kitchen extension generally adds 5-10%, but when you consider some of the situations that the modern family finds itself in, relocation is often not the best answer to the question of more space for the coming of children.

Some people are just cannot get a home loan or are tied into a deal that costs too much to move from one bank to another. Some families just cannot locate a property that’s right for them and when your bank will not let you change your existing deal…. suddenly extending the space that you have already got seems like a much more appealing option.

Ultimately renovating can cost much less than relocating considering moving expenses stamp duty and fees to horrible estate agents..adding an extra bedroom can be much easier on the bank balance.

Adding an extra bedroom while turning a small kitchen into a spacious kitchen diner are a sure fire way to instantly justify their costs.
These days the fashion is to have bigger living areas with variable use in mind, being able to watch your children do their homework while you are cooking and your husband is using the laptop to plan your next holiday or sort out the finances is much more how we want to live these days.


Before you finally decide on a project compare the costs and benefits of a loft conversion or kitchen extension to the money down the drain in solicitor’s fees, mortgage arrangement fees, estate agents commissions and to the tax man when you move.

Average house prices in the UK are still around £210,000 and in London hovering around £390,000 .
When you add the uplift in the value to the fees that you have not paid out ( by not moving) the benefits all very significant.
For example the average cost of moving including mortgage fees etc for in London is around £19,000 add this to the 15% uplift in the average house price for
(£392,000 x 15% = £58,800) and you are £77,000 better off. Once you have taken account of construction fees you still have over £30,000 left over for a new car or a nice holiday.

So if you can stand a little hassle for a few weeks there never has been a better time to do this. Unsurprisingly most people think the summer is the best time to do this but actually you will get a more precise and foster job done in the winter simply because your builder is not so run off his feet