London has some of the smallest homes in Europe, so home owners are looking at any way to increase the size of their living space without having to move elsewhere. Fortunately, there are a number of options that let you increase the living space in your home by up to 30%.
These investments also give a fantastic return on your money when you eventually come to sell while offering a financially viable way to avoid the cost of moving house.
Loft conversions offer one of the best returns on investment when it comes to home improvements. Home owners typically increase the value of their home by up to a fifth when they add a conversion, as well as adding up to 30% more living space.
The amount of space you can really add depends on your house, the structure and design, and the type of loft conversion you’re building. While Velux loft conversions have a loft of ‘dead’ space at the edges of the room where the pitch of the roof doesn’t allow the space to be lived in, you can use these areas for storage and declutter the rest of your home. Alternatively, other loft conversion types such as Mansard loft conversions offer a lot more usable space and feel a lot more like rooms in the rest of the house.
Extensions may not add an entire floor to your house, but they open up a lot of space and ensure that you can use more of your land throughout the year. If you don’t use your garden very often (which is the case for most Britons) you could extend your home into that space instead.
The size of your extension depends on your planning consent and the policies within your Borough. In some cases, home owners can significantly increase the size of their home.
It is now far more difficult to gain planning permission for basement conversion after the phenomenon of ‘iceberg homes’ in some Boroughs of London. If you are successful in gaining planning consent, you could even expand the conversion into the garden or build multiple storeys underground. However, we usually advise clients to opt for a loft conversion rather than basement as the building is far more disruptive to both residents and neighbours and there are far more barriers to gaining planning consent than there are for loft conversions.