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Loft Conversions - do they add value?

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Comments

  • tonyivb
    tonyivb Posts: 214 Forumite
    You could always offer to pay £5000 towards the stamp duty!

    The amount of interest you've had & the offers received shows that people are willing to pay so removing the stamp duty penalty will allow them to offer beyond the £250k mark.
    Better to die on your feet than to live on your knees!
  • alanobrien
    alanobrien Posts: 3,309 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Andy_L wrote:
    But how much would your house sold for without it after 18 months of crazy house price inflation?

    18k less at least that's what next door got when they sold theirs a couple of months after ours.
  • ioscorpio
    ioscorpio Posts: 2,364 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Why do as others have suggested and pay the stamp duty or accept one of the offers you have had and then reduce your offer on your next house to compensate for it. It seems a bit drastic to fork out more money in the hope of recouping it in 18 months time, when you don't know what the market will be like then, you might not get any offers. If you have 5 offers out of 7 viewings, snap one of their hands off, if you really want to move at this time.

    Remember it does not matter what you think your house is worth, it's what someone else is prepared to pay.
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