The latest feature published in the Inner-West Courier on 12th of June and an extended version in the Daily Telegraph‘s Real Estate magazine on June 15th discusses the exploding popularity of attic conversions as a solution to the increasing space problem faced by home owners, due to high moving costs and shrinking block sizes over the past decade in Sydney’s East, Inner West and Lower North Shore – including Woollahra, Paddington, Bondi, Balmain, Birchgrove, Rozelle, Newtown, Marrickville Camperdown, Annandale, Redfern, Erskineville, Enmore, Dulwich Hill, Glebe, Lilyfield, Chippendale, Summer Hill, Kirribilli and Manly. These suburbs are hot areas for this type of transformation.
‘Ading Space and value a good Investment’
A record number of homeowners, who are limited with space have decided it is cheaper and easier to renovate rather than pay tens of thousands of dollars in moving and legal costs. Moving house can cost more than 10 per cent of the value of the new property.
“An attic conversion offers a great way to invest in your own property, to get a better price and increase space”, Attic Group’s Liz Brownie is quoted saying in the article. “When a small block means you are unable to extend, a roof conversion could be the solution.”
Property Valuers and Real Estate Agents Agree
Valuer Riccardo Errichiello said that the saleability of a property increased straight away, especially if you add a new bedroom in the attic.
A couple in Tempe is mentioned who turned their unused attic into a bedroom and study, allowing them to have a larger living room and kitchen.
Tony Day of Hodgson Real Estate finds that added storage is a major factor especially for home buyers in Sydney’s metro area.
Gain Extra Storage or Living Space in Your Home
living and storage space is becoming a premium commodity in many areas, making use of your roof space is a no brainer! Why move when you can convert your attic space for less cost and hassle than a home extension project?
Take the first step to unlocking up to 30% more space in your home today by calling 1300 655 525 to discuss your project or book an obligation free consultation online.