Save the stamp duty: three ideas for adding space
With house prices in North London rocketing and new stamp duty rates, the idea of moving when you’re running out of space is fairly unappealing. Sometimes the space you need is right under your nose.
Many houses can be adapted by way of a loft conversion or extension in order to add space. Here is a look at three top ideas for adding space to your London home.
Loft conversions are one of the most popular and cheapest ways of adding space. Unlike an extension, the main structural work is in place, so it’s just a matter of appointing a loft conversion specialist to convert it to a living area.
Whilst planning permission is usually unnecessary, converting a loft does require adherence to building regulations, but loft conversion services in North London such as http://www.uksmartbuild.com/ will be able to help with all of the red tape. Adding a loft conversion to your North London home not only increases the space you have, making it ideal for those with a first, second, or even third baby on the way, but it will also add value to your property.
Building an Extension
An extension to the front, side or back of your home is the second best way to add space. The only problem with an extension is that houses in London are notorious for lacking garden space. However, it’s cheaper than moving and can certainly be helpful for increasing the value of your property. An extension can provide more living space or give you an extra bedroom. Extensions of less than ten feet do not require planning permission, but they will need to adhere to building regulations. More information on building regulations and planning permission can be viewed on the government’s Planning Portal website.
Whilst extensions and loft conversions can technically only be applied to houses or ground floor flats, mezzanines are ideal for smaller flats or studios. Creating a mezzanine for a bed adds general living space to the rest of the flat.
As you can see, selling up is not the only answer. Saving money on general moving fees and increased stamp duty rates can be achieved by making use of the space you already have with a loft conversion, mezzanine sleeping area or extension.