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How To Budget For Attic Conversion Costs

Prices for converting attic
The economic downturn of 2008 has affected so many things in so many ways. One of these is the price of real estate. Moving to a new home has become more expensive than ever, and people are now afraid to invest in a new home. Aside from just the property itself, you will also need to consider the cost of moving all your things from your current home to the new one. If your reason for planning to move is because you need more space, then a solution to this would be to just convert your attic. It will cost less, and you won’t have to go through the hassle of moving. But, what are the attic conversion costs that you have to consider?

Convert Your Attic Into …

When converting your attic, you have many options to choose from. Consider what you need and want the extra space for. If you have a new baby on the way, then you probably need a nursery. If you realise that you need a place at home where you can work, then you can create a home office out of your attic. If you want to have a place for your guests, then transforming your attic into a guest room is a great idea. If you want a new and better master’s bedroom for yourself, then you can have a master’s suite right in your attic. You can also turn your loft into a game room, a home theatre, a play room or a library.

Out of all the available options, choose what you want and what your house needs carefully before you even start to plan your budget. What you want your attic to turn into will play a big role on your attic transformation costs.

Elements To Consider …

cost and budgeting an atticOnce you have decided what you want to turn your loft into, you can start with planning your budget for the project. There are a lot of elements that you need to take into consideration when converting your attic. The main ones are the size of your attic, the number of actual rooms that you want in your attic, and the features that you want your new attic to have.

You also need to consider the structure of your existing attic. Does it have a full or a half terrace? Is it in a corner of your house? Does it cover the full size of your house? Knowing your current loft’s structure will help in finding out what additional work needs to be done during the conversion.

Also, in planning out your attic conversion costs, your location plays a big role. The costs of labour and materials are cheaper in some places, and significantly more expensive in others. If you live in big cities, for example, you should already expect to spend more. While you can always buy materials from other places that sell them cheaper, you will still need to hire a builder in your locality.

Start Estimating …

loft conversion budgetOne way to estimate the costs of loft conversion is by the size of your loft. The average cost of attic conversion is £20,000 + and the average attic size is 200 sq. ft. With these numbers, you can already get an estimate of for your own conversion by computing how much it costs per square feet. Remember that the number would be significantly higher for more expensive areas.

You can also get an estimate by asking a professional loft conversion firm to give you a quote. The initial quotes are usually free of charge, and you don’t have to make any commitment just to get a quote. The estimate attic conversion cost they provide will be for the full project already, including material, labour, lighting, and any additional features.

Do It Yourself Or Hire The Professionals …

Converting your attic yourself is very possible, although you have to keep in mind that it will take a lot of your time and effort. If you budget properly, you could actually end up with lower attic conversion costs by doing it yourself than hiring a company to do it for you. Hiring professionals would generally cost more because they will provide you their services as a package. They will do everything from start to finish.

It is important to remember that a DIY job not done properly would result to an attic conversation that does not look good, and it may also cause your home to be of less market value than it could have been if the conversion was done correctly. Hiring a professional team to handle things for you is a safer way to go.

Things To Spend On …

The specific things that you need to spend on would vary greatly, depending on what you want your attic to turn into, but there are general items to include in your budget plan. The number one thing to budget for is the actual building work. This pertains to the actual structure of your attic. Will additional walls need to be installed? Will additional windows or doors have to be built? The stairs or entry point to your new loft also needs to be accounted for.

Aside from the structure, you’ll also need to plan for the costs of the plumbing and lighting of your new attic. You will also need to spend for paint, glazing, heating, etc. Then you have to budget for the new furniture that will be used. If you already have some extra furniture in the house that will work for your attic conversion purpose, then you can use those as well.

Conclusion

Doing it yourself and hiring a professional company to do it for you have their own pros and cons. You’ll have to decide which one will better for you. Just remember that the attic conversion costs aren’t the only thing to consider when making this decision. The most important thing is that the result would be a loft that you and your family would love.

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Posted on Sat February 7th 2015 by Dream Loft Maker