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Loft Conversions in Rental Properties: What you Need to Know

If you are a landlord, you may be interested to know that your rental yield can be increased through the addition of a loft conversion. Just as adding a loft conversion can increase the value of your property when selling it, adding a loft conversion can mean that you can command more rent for the property.

It’s simple when you think about it: an extra bedroom, bathroom or living space makes the property much more liveable, and therefore much easier to rent. However, you do need to convert your loft properly, and this means thinking about everything from fire safety to where you site your loft conversion stairs. Here’s what you need to know when it comes to loft conversions in rental properties.

Conform to Building Regulations

With any loft conversion, as experienced loft conversion specialists, we would always advise that it’s imperative to conform to building regulations. However, with a rental property, this is particularly important, as you have legal obligations as a landlord to ensure that your tenants are safe.

For example, fire safety is of utmost importance. This means more than just installing smoke alarms and even fire doors; the likes of where you site your loft conversion stairs and making sure that there is an adequate escape route is crucial.

If your rented loft conversion property doesn’t meet all the Building Regulations safety standards, you would be liable for the safety of your tenants should the worst happen.

London Flats can Enjoy a Loft Conversion too

Don’t forget that if your rental property is a top floor flat, this too can enjoy a loft conversion, providing the right permissions are obtained. This can take a one bedroom or studio flat into something much bigger, potentially with an extra bedroom and bathroom, and a separate living space.

Remember that a specialist loft conversion company can ensure that they can really make the most of the space, as well as carry out a full renovation on the entire property, should this be required.

The likes of properly siting your loft conversion stairs, fitting bespoke storage and bathroom suites that are designed for loft conversions can really help to maximise the space available, which makes a huge difference when renting a property and showing it to potential renters.

Self-Contained Loft Conversion Annexes can be Rented Separately

Did you know that if you create a self-contained annex within your loft conversion, this can be rented separately? Whether this is a loft conversion within the home that you live in, or a conversion within a property which you already rent out, this could be a great way of earning some extra money through the property market.

Once again, fire regulation compliance is imperative, and you may need to talk to your loft conversion specialists about ensuring that the floor structure is suitable for holding the weight of the likes of kitchen appliances, but it’s a great option for the rental market, especially if your loft is currently being unloved and underused!

Creating a loft conversion for the rental market is an excellent way of increasing your rental yield. If you’d like to learn more about how a loft conversion can increase your London property value, get in touch with Bespoke Lofts today!

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