Renting loft space - Loft conversions help landlords get more from a property

Jan. 28, 2014 - PRLog -- They also had advice for homeowners struggling to pay for their London home. A dormant loft space, and a lodger, could be the key to paying the bills.

The verdict comes as the Telegraph reports that one in seven UK pensioners are considering a lodger, in order to pay for their property and make a living off their annuity. The figure is even higher in London, where research revealed that one in five over 65s was prepared to take on a lodger.

But the elderly aren’t the only ones considering letting a room. As the cost of living spirals, even young families are preparing to take on a lodger. But with small children around, space might already be at a premium.

With Simply Loft, an affordable loft conversion in London could add at least one extra bedroom and an additional bathroom to a property in a matter of weeks. This could allow the owner’s of the property to earn rent from their additional space, which could be used to pay off a mortgage or simply keep up with the cost of living.

Rob Wood, Managing Director of Simply Loft, suggested that even tenants at rented London properties were considering loft conversions, and were taking them out in partnership with a longstanding landlord.

He said: “For the property owner, the loft conversion is a good investment. They will increase the value of their property should they ever choose to sell. For a longstanding tenant, with no plans to move away from the property it might make sense to foot the bill and enjoy the extra high quality living space for a number of years to come.”

Simply Loft specialises in bespoke loft conversions in London, which can be adapted to the specific needs of the customer and the nature of their property. From the design phase to construction, the Simply Loft team tackles every aspect of the project, in house, with no outsourcing to another agency. Homeowners, tenants and landlords can discuss their requirements with a member of the Simply Loft team today.

For more information, visit http://simplyloft.co.uk, or call 0800 917 7571.