/24-7PressRelease/ - LONDON, UK, May 09, 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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