Adding value to your home

Friday, 10 August 2007 at 18:10 GMT, by SiteAdmin

New research shows that clued up homeowners could increase the value of their property by up to £100,000 just by adding a loft conversion.

A study by Alliance & Leicester Personal Loans found that those who choose to improve their current homes could see a huge increase in the value of their home as well as the benefits of the extra space.

Richard Al-Dabbagh, Alliance & Leicester senior personal loans manager, said: "Carrying out home improvements instead of moving can have amazing results, potentially increasing the value of your existing property and also saving a great deal of money as well.

"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 short term."

Designed to grab the headlines

The key words for this news items are "by up to", yes we agree that maybe for a large house in an exclusive London suburb may see an increase in value of £100K. While we certainly agree that a conversion will add value to your home we also need to be realistic about just how much value. The headline used for this news item was obviously designed as a headline grabber, and lets face it, it certainly caught our attention!