06 Aug Important Things to Keep in Mind When Getting a Loft Conversion
Important Things to Keep in Mind When Getting a Loft Conversion
If you bought your house as an investment opportunity, then you’re probably wondering how to add further value before selling it on. Well, a loft conversion is a perfect way to do so. These are estimated to add 20% to the value of your home as they provide an additional bedroom and bathroom, plus general floor space. However, before you can even think about starting on construction, there are many important factors you must consider, alongside essential paperwork you need to get in order. But what exactly are these things? We’ll be listing a few examples in this article, so read on to find out what they are.
1.) Building Regulations
Most loft conversions don’t need planning permission because they are covered by permitted development rights, but you still should double-check that this applies to your property, especially if you plan on this space becoming habitable. Otherwise, you might come unstuck, making the selling of your house a nightmare. We recommend looking at the building regulations on loft conversions that the government has laid out, first and foremost. Then, you will need a local authority to sign off evidence that your conversion has been compliant with these building regulations.
You need to let your insurance company know that you’re building a loft conversion because this will affect the overall coverage of the property. For example, if your insurance is for a two-bedroom house, but your loft conversion now means you have three-bedrooms, the insurance company will refuse to pay anything were something to happen to the property. You might also want conversion insurance for the duration of the build, in case any damage occurs. Don’t forget about the fire risks and structural risks that come with a loft conversion. A fire door is essential if you want insurance and to satisfy building regulations.
3.) Electrical Installation Condition Report
You will inevitably be routing electricity into your loft once the conversion is complete. This can be hazardous, so you will need a professional to conduct an EICR report first. An EICR helps to determine whether there is a risk of electric shock and if the circuits are still good to use, plus they access the condition of the consumer units. This kind of document is essential in proving your property is safe enough to sell on and this company can provide a report for you if you want to start the process right away.
It’s important to make sure you have warranties for your loft conversion, especially if you’re planning on selling the property. This saves you spending even more money in case something goes wrong after just a few months of having the new space. For example, if there was something wrong with the insulation, or a leak was coming through the roof, you wouldn’t have to pay for the repairs. Do remember that warranties only last a couple of years.
Though there’s a lot of paperwork involved with loft conversions, you must have these things in working order. Not only will these documentations make your property easier to sell, but also make it more attractive to buyers who don’t want the hassle. Ensure the money you’ve spent on your loft conversion is worthwhile in the end.