Generally speaking, a loft conversion is cheaper than an extension. Because as opposed to an extension, you’re not building something onto an existing property, you are building within an existing property. This means most of the infrastructure and framework are already there, you are just building on top of it.
When deciding between a loft conversion or extension — as well as trying to be as cost-effective as possible — there are some other aspects you might want to consider before making your decision based on price alone.
Answered: Is It Cheaper to Do a Loft Conversion or an Extension?
According to Checkatrade, the average price for a loft conversion is around £50,000.
Whereas a single-storey extension could cost anywhere from £40,000 to £140,000. Alternatively, if you decide to go for a double-storey extension, the price range would likely be around £105,000 to £150,000. See our other blog on how to decide between a single or double-storey extension.
Unfortunately, we cannot give you precise figures in this article. This is because there are so many aspects to a home construction project that determine its price
Such aspects include the location of your property and what type of property your home is. Both of these factors can greatly affect the cost of a project. Along with several other factors.
With this in mind, let’s take a look at some other considerations you should take into account when deciding between a loft conversion or an extension.
Adding Value To Your Property
It is also important to think about the long term. Are you going to stay in the same house forever, or are you looking to sell soon after the work is done?
A study conducted by Nationwide in 2023 saw that adding a loft conversion or extension to your home could provide up to 25% added value. The report also noted that loft conversions or extensions that incorporate a large double bedroom and bathroom were more likely to attain the highest value of 25% added to their property.
Extensions — especially double-storey extensions — are more likely to create enough space for homeowners to add an extra double bedroom and bathroom to their homes than a loft conversion is. So that means that in the long run, an extension would likely add more value to your property rather than a loft conversion, making an extension more cost-effective in this aspect.
Which is More Ideal For You — Loft Conversion or Extension?
Another point to consider is what the extra space will be used for. With a loft conversion, you can be limited in what you can do. You may have enough space for one single bedroom or a home office. So, if all that you are after is an extra bedroom for visiting guests or somewhere to make working from home easier then a loft conversion may be the right path for you.
But if you are looking for extra living space, an extension may offer you more freedom to achieve this desire. Open-plan living has risen in popularity in recent years, and an extension could be the key to unlocking this home layout for yourself.
Bespoke ConstructionGroup has experience designing and building both extensions and loft conversions and can help by advising you on the best route to take with your own goals in mind.
Final Thoughts
We understand that the cost of having work done on your property is a massive factor that you need to consider. Wanting to find out the cheapest option is a natural desire in such work.
With that being said, you first need to identify what your goals are. At Bespoke Construction Group, we cover both loft conversions and extensions. If you’re thinking of an extension, we cover a wide range of different types. From kitchen and kitchen diner extensions to single and double-storey extensions. Whether you want a rear or side extension, timber frame or bungalow extension, the sky’s the limit.
Or are you thinking a loft conversion might be the way forward for you? We’ve got you covered, offering the best types of loft conversions, such as Roof light / Velux loft conversions, Dormer loft conversions, Mansard loft conversions, and Hip to gable loft conversions.
Please contact us today and see what we can do for you.
