
The housing slump has badly affected a lot of homeowners in East London: some have fallen into negative equity and many others are faced with difficult decisions.
When your biggest investment has suddenly dropped in value the best advice is usually to stay where you are. But what if you want, or need, to move? Everyone’s circumstances are different of course, but you’ll have to balance the financial loss you might make from selling your home, plus all the costs involved in moving, against any benefits to be gained. If your plans include moving to a larger house or a more expensive area of East London you might have no choice but to postpone them.
Trying to predict exactly what will happen to East London property prices over the next few years is difficult, but there are things you can do to improve your present situation. Converting your loft is one of them.
It’s well worth considering a loft conversion for your East London home if:
- you need more living space but can’t afford to move
- you want a cost-effective way to increase the value of your home
- you want to make your home stand out from similar properties to ensure a quick sale when you put it on the market
Extending upwards into the existing roof space is the easiest way to add an extra room – or two – to an East London house. A loft conversion can transform previously wasted space into a stunning en suite master bedroom. Or perhaps you’d rather have a spacious home office, a bedroom and study for a teenager, or a children’s playroom.
However you decide to use it, a well-designed east London loft conversion will instantly add value to your home and, unlike some other home improvement projects you’ll almost certainly recoup the costs – even in today’s uncertain market. Converting a loft usually involves less work than building a ground floor extension, making it the quickest and cheapest method of expanding your living space. As an added benefit, you won’t have to sacrifice any of your valuable garden area.
Planning permission is not always needed for loft conversions in East London if they conform to the rules of permitted development. If permission is required, neighbours are less likely to object to plans for converting a loft than might be the case if you wanted to make a more obvious alteration to your home.
If you live in East London and think a loft conversion could help you through these difficult times consult a specialist east London loft conversion company that knows the area well. Choose one offering a free, no obligation advice and quotation service to find out how a professional loft conversion could enhance your home. You might not need to move to find your dream home!
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House Renovations in Battersea