Take the plunge and create additional space by utilising your unused roof space. In many houses, we find that up to 30% of the total floor area is the unused space beneath the roof. This valuable Attic space gives you a whole new usable room without compromising the footprint of the house and can be used as an extra living or bedroom space.
Why now is the time to invest in your Home
As quoted in the Sydney Morning Herald article “Weakest property market since 2008: Sydney, Melbourne house prices tumble”, housing research expects substantial declines of a further 6 to 9 per cent in Sydney and Melbourne this year, in part due to an upcoming Federal Election with Labor proposing changes to investor tax break scheme negative gearing.
The article showcases that the Sydney and Melbourne real estate markets were the worst performing in the country last year with house prices falls of 10 per cent and 9 per cent respectively with economists warning there are more declines to come.
The Attic Group General Manager, Greg Gerstl says now is the time to realise the full potential value of your home by utilising your unused roof space. With tighter banking lending restrictions in place on new home loans now is the opportunity to use the increased equity in your home to further invest in your greatest asset. Instead of purchasing a new home and paying additional costs such as stamp duty and relocation costs the best way to add value to your property in a declining market is to invest in your home. The old adage of every dollar you invest in your home effectively increases the value of your home by an additional two dollars. There is no better time.
Add Space, add Value
This type of renovation is extremely cost effective, as well as affording you and your family more space; it’s also a great way to invest in your property and secure a better price should you ever choose to sell. An attic conversion can range from $50,000 up to $350,000 – it is still a cheaper option than purchasing a bigger house or extending outwards. And unlike adding an extra story or extension, the process is relatively pain free. Property experts suggest a well-executed attic conversion can add up to 20% to your home’s total value.
The Attic Group is Australian owned and has been the leading Attic Specialists for more than 42-years. Award winning, attic conversion experts, it is all about customising and maximising the space above. The process is streamlined from the initial consultation through to design, planning and construction and we keep you informed through all stages of your project. Having your home transformed will add that extra room or two, adding space as well as value to your home.
If you love your existing home and neighbourhood and moving out is not an option, then moving up could be the solution for you in the current real estate market. Call the Attic Group today for an obligation-free, in-home consultation, 1300 655 525…. MOVE UP!