However, extensions and additions can be expensive and time consuming to construct and can compromise the visual aesthetic of the house making the option of expanding ?upwards? a more attractive option. Loft conversions allows you to utilize potential space. Instead of building an increased footprint for the house which will inevitably consume outside living space, loft conversions can be a very profitable and worthwhile home addition creating useable living spaces.
Consider this?..
Ask yourself what do you want to create? A new master bedroom with en suite bathroom? People are increasingly working from home, a new dedicated home office? An A/V entertainment area maybe?
And what compromises will a loft conversion necessitate? It is quite likely that head height needed in the loft conversion will dictate the useable space and it may not always be easy to increase head height as invariably this will require the alteration of the roof line externally and thus the obtaining of planning permission.
There may be vital structural members within the new useable space and these may compromise the integrity and function of that space though may in some instances add character and interest.
The floor too, originally only intended to retain the ceiling underneath will probably require strengthening too. These areas weren't originally meant to be living spaces, so consider what work needs to be done in order to facilitate your plans.
Planning permission
Whenever you add extra living space to your home, you will probably require planning permission. For this you will need to submit a planning application. Details of how to do this can be obtained from your local area planning offices. Perhaps your builder will be used to working on projects requiring planning permissions and so may be able to advise you on the process. Architects will be used to submitting planning applications for loft conversions as well as other home extensions and additions.
Once everything is in progress however, loft conversions are a very cost effective way to add liveable area and value to your home.
Bear in mind all issues you need to consider in constructing your loft conversion before you engage a builder or home contractor. Seek good advice and obtain the necessary permissions and you will create a worthwhile addition to your home. If your loft conversion project is done by an unqualified builder and without a written contract then you may experience problems. If your builder does not hold current public and employers liability insurances then you may well find yourself uninsured, out of pocket and liable for damage to adjacent properties.
Using a reputable tradesmen source like www.homepromatch.com will ensure that you connect with qualified builders and tradesmen, rated and recommended by other local homeowners.
Adding Value To Home
There are many types of loans available in the UK financial market. Some loans require your home as security while some do not. If you have no apprehensions and are ready to put your home as a security, then you can get cheap secured loans. These loans attract a very low rate of interest and also offer you ample time for repayment.
A study that was recently conducted in May 2007 by Dynamic Markets for GE Money Home Lending focused on the various types of home improvements and the corresponding value that these home improvements would add to your home. The report shows that although the Britons are very enthusiastic about DIY home improvements but, at the same time, they are failing to undertake work that adds the most value to their properties. So, if you are taking a loan for home improvement then it would be worthwhile to consider the results of this study. It will help you in investing your money in such a manner that it adds maximum value to your home. That’s how you would be able to use cheap secured loans to your maximum personal advantage.
The GE report reveals that the homeowners wrongly believe that new kitchens, bathrooms and redecoration are most valuable property improvements. In fact, these home improvements add an average of £8,250, £5,155 and £4,576 respectively to the value of a property. The aggregate value addition of these three home improvements comes to around £18,000. But, real estate agents differ here from the homeowners’ perspective. They recommend loft conversions and extensions as the most advantageous home improvements. Converting a loft can add £22,300 to your home on an average, while building an extension can add £19,271 worth to your home. So, it is entirely up to you how you want to invest the loan amount.
Besides being inexpensive, cheap secured loans provide you the following benefits:
Untying the equity in your home to get a big loan amount
Extended and flexible repayment tenure
Easy availability
Availability even in case of bad credit history
Small monthly instalments
Low financial burden
Home improvement is one such area where cheap secured loans can help you. Other popular applications of these loans include car purchase, debt consolidation, buying another home, etc. The multi-purpose uses that such loans offer have made them as one of the most preferred borrowing options across the UK. The financial market is buzzing with lenders who offer different types of secured loans. The range includes secured car loans, secured debt consolidation loans, secured personal loans, etc.
It is almost a common knowledge that secured loans are cheap. If we compare them with other forms of borrowing like credit cards, asset-less borrowing or personal loans, we would find that cheap secured loans help us in saving a lot of money because of the low rate of interest. Last but not the least, before you finally close the deal with your lender, make it sure that you have properly understood all the legal and financial implications of the loan agreement. Any misunderstanding or confusion on your part should be cleared beforehand so as to avoid any complications later on. Clauses like early repayment clause, arrangement fee, repayment methods, etc., are important and should be given due consideration. So, be circumspect and enjoy the sheer utility of cheap secured loans.
Both Nigel Beswick & Angelo Drew are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Nigel Beswick has sinced written about articles on various topics from Family Concerns, Home Improvement and Bathroom Home Improvement. An experienced trade professional, Nigel Beswick writes home improvement and maintenance articles for www.homepromatch.com, an online resource connecting homeowners with vetted and customer recommended home improvement tradesmen and builders throughout t. Nigel Beswick's top article generates over 1600 views. to your Favourites.
Angelo Drew has sinced written about articles on various topics from Unsecured Loans, Debts Loans and Free Credit Report Score. Randhir Kumar is a business writer specializing in finance and credit products and has written authoritative articles about ,. Angelo Drew's top article generates over 165000 views. to your Favourites.
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