Loft conversions vs basement conversions

As the property market continues to be in a poor state, more and more homeowners are looking at the possibility to improve rather than move. But what is the best option for those looking to improve their home? Of course there’s a lot to consider, such as the need for a cost effective solution which will add value to your home as well.

Essentially, if you like the area you live in and there’s the potential to convert a three bedroomed property into a four bedroom home, then why not?

Whatever the reason you want more space, whether it’s for storage, an extra bedroom, a second bathroom or even a study or playroom, there are two parts of the home that can be converted: the loft and the basement.

So which should you be looking at when it comes to extending your own home?

The loft conversion

One of the main factors that put people off major home improvements is planning permission. But actually, with a loft conversion this will often come under permitted development, so you won’t need to worry about planning regulations.

Planning permission rules have been changing a lot recently in favour of the homeowner, so whatever project you’re considering it’s best to check out the regulations. The Government have relaxed many of these regulations to boost the construction industry. However, keep in mind that properties in conservation areas or listed buildings will still require planning permission.

If planning permission is something that’s required, make sure to complete all the paperwork before starting work because the last thing you want is a hefty bill coming through your door.

So, down to the actual loft conversion itself. Conversions are often carried out to add an extra bedroom or bathroom to the property. It’s recommended to work with your builder or architect to ensure any plumbing work can be completed at minimal cost and make sure your boiler is sufficient to heat the extra space.

The ceiling doesn’t need to be higher than 2.3 metres to provide enough headroom and steeper rooftops are more suited to a possible conversion. Providing light is easily done too with a roof light or Velux window. Other options include the dormer window which extends out from the original roof, but these often require planning permission as the structure itself is changing.

So what about the costs? Well, prices range as with anything and you could be looking at £10,000 for a basic conversion to £30,000 for a larger conversion with structural alterations.

Basement conversions

Whilst the loft conversion may be the cheaper and easier improvement, this project isn’t for everyone. Sometimes the space isn’t large enough or suitable for your needs, making a basement conversion the more viable option.

In fact, simple cellar conversions can take just a couple of weeks, whilst renovating an entire basement can take months because of the need for underpinning. One of the downfalls with this is you may have to move out for a short time whilst this is being completed.

With a basement conversion, they’re more suited to those living in a semi-detached or terraced home and great if you want a larger kitchen area. Structural work can set you back around £2,000 per m² and fit-out costs around £750-£800 per m².

Whichever you decide on, whether it’s a loft or basement conversion, having the extension well designed can add a significant amount of value to your home. On top of this it’ll drastically improve your lifestyle, which in many cases you can’t put a figure on. Despite buying a home to suit your needs, these same needs will change over the years, so consider a loft or basement conversion.

 

Facts & Figures You’ll Love To Share

  • By converting your loft into a bedroom ensuite you can increase home value by as much as 20%.
  • A loft conversion is a cost-effective way to increase living space in the home.
  • A loft conversion can suit any need, including a bedroom, bathroom, living room, playroom or home gym.
  • Avoid thousands of pounds worth of fees and charges by converting your loft rather than moving home.

Tom Crosswell

I have been managing online projects since 1999 and I'm a experienced marketeer, who is well versed in international brand management, online business strategy and developing long term relationships. Through my academic and professional background I am a specialist in generating online loyalty towards brands. My experience has taught me that ultimately business is about relationships and people. For more information see my Google+ page.