(1888PressRelease)
May 08, 2007 - Loft conversions are a recent rage in the UK. The reasons are obvious: house value is increasing by £100,000 after completion.
Figures show that a dormer loft conversion to a three-bedroom home would cost around £25,000; however, if the homeowner were to sell the property, it could possibly profit him ₤146,000.
Likewise, a loft conversion in the north-west stands at £22,080. However, upon completion, it could augment the home value by £97,888.The west Midlands are no different. It could add more than £100,000 to the property’s value.
According to Richard Al-Dabbagh, Alliance & Leicester Senior Personal Loans Manager, carrying out home improvements not only adds to the value of the house but also save a whole lot of money.
He further adds: "If you are looking to undertake a sizeable home improvement, there will be a massive temptation to simply take out a further advance on your mortgage. But a personal loan could represent a cheaper alternative for those who can afford higher monthly repayments over the shorter term."
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