Getting on to the next rung of the property ladder certainly isn’t as easy as it used to be. Rising house prices and the expense associated with moving – costly solicitors’ fees and stamp duty can soon add thousands to the final bill – mean that more people are finding it difficult to upgrade to a larger home.
Not to mention the fact that desirable properties in the right area, with the required number of bedrooms and space, are increasingly difficult to find. It’s no wonder that more of us are choosing to improve what we have already by extending our existing homes with a high-quality loft conversion instead.
Moving home is expensive and disruptive
Need an extra bedroom? Perhaps your family is growing, you are taking care of a relative or you want to create a dream master bedroom suite. Before you start the lengthy process of seeking mortgage approvals, sourcing reliable solicitors and booking viewings, you might want to think about the expense of moving. To put it bluntly, if a house move is your preferred solution, that extra space isn’t going to come cheap.
According to the UK House Price Index, the average house price was £226,351 as of May 2018. Meanwhile, detached houses command an eye-watering £343, 823 on average. It doesn’t stop there, either. Legal fees for even the most straightforward of moves can cost up to £1,500, while stamp duty applies to all properties worth more than £125,000.
If you’re selling a home in order to move up the ladder, then you can also expect to pay estate agents’ fees of anything up to £2,000, depending on the price of the property. There can even be unexpected charges in the shape of electronic transfer fees and background checks, as this useful guide from Tesco Bank explains.
Not forgetting removal costs, including packing materials, hiring a removals’ company, taking out insurance and even paying for storage if there is a gap between moving out of your old home and into your new house.
Then there’s the disruption. Hands up who loves spending hours on the phone to the bank or a long list of utilities companies? No? Us neither. It might sound flippant, but that’s the reality of moving your whole life to a completely different address. You might need to find a new doctor and dentist, or even arrange a change of school.
Here’s why a loft conversion could be the answer
There is a way to create additional space, without the cost or disruption of moving to a new house. What’s more, a loft conversion may not even require planning permission under Permitted Development rights.
Here are a few reasons why you should choose NE Loft Ltd to improve your existing home:
- Achieve extra space at a fraction of the cost of moving to a new house
- Maximise the potential of your existing property
- Create a beautiful master bedroom suite, home office or additional space for a teenager or elderly relative
- Expert team with years of experience in designing and delivering bespoke loft conversions
- We’ll work with you every step of the way to meet your requirements and budgets
- Fixed prices and fixed deadlines (so no nasty hidden charges)
We offer a professional loft conversion service to customers throughout Middlesbrough and surrounding areas in the North East. If you would like to speak to us about your requirements, you can call 0800 043 4083 or fill out this simple form, and we’ll be in touch.