Are you considering a loft conversion to add value and space to your home? Well, be prepared for a hefty price tag! Loft conversions have become increasingly expensive in recent years due to a combination of factors. Rising labour costs, a rush to get work done post-lockdown, and increasing prices of supplies have all contributed to longer waiting times for builders and increased costs of up to 20%.
The demand for imported supplies has caused delays and increased shipping costs, while a shortage of UK products and labour has further impacted the construction industry. As a result, what once took 8-10 weeks to complete now takes 12-16 weeks. The costs for loft conversions can vary greatly depending on the type, ranging from £8,000 to £60,000.
Planning permission may be required depending on the type of conversion and the location of the property, and building regulations approval is necessary in all cases. For more complex projects, hiring an architect may also be necessary.