How to make your loft office conversion pay for itself
Ever wanted to work from your own home?
If you work in a mobile capacity or would like to someday, read our article which aims to provide a little insight into the growing trend of working from home.
Working from home has increased in popularity and so has the demand of freelancers and mobile workers. If you could work from home but have put it off because of finances or just don’t want to bring work home with you. We believe we have the solution.
A loft office conversion which is completely out of sight and out of mind once you finish your work day. Fakro fold away stair cases are used which because they aren’t permanent will be folded away leaving your loft office hidden. This causes us to completely “shut out” work enabling a much easier work / life environment.
You may be thinking that a Loft conversion sounds like the best alternative but unsure where the money will come to finance this? Prices start from just £4500 and we provide an online loft conversion cost calculator to help you decide. EcoLoft believe our loft offices could pay for themselves once you take into account your current expenditure and factor in taxable assets.
Here’s a fictional case study
Read our completely made up case study of Ben to get a better picture:
Ben is a freelancer, he rents an office which is an average of 45 minutes commute from his home and has lunch in the centre each day. Ben pays £400 for the office he rents each month and charges £25/hr which he has been doing for years.
He knows that he can work from home and decides to research how he can achieve this effectively without merging his home life with his work which most would consider (myself included) very important.
Ben finds that he can convert his existing loft space into a loft office. After discovering our great website he finds that he can have his loft converted to a loft office from as little as £4500 and starts crunching some numbers.
He can afford the conversion and wants to justify his spend, so he breaks down his current expenditure for working at his office. This is broken down as follows:
Monthly outgoings whilst working at an external office
Office rent = £400 per month
£4 each day travel x 21 days work average = £84 per month
Lunch in centre £4 each day = £84 per month
16hrs lost revenue from commuting = £400
That’s a saving of £968 per month
Monthly outgoings working at home
To afford the loft office ben gets a loan for £5000. The loan which is at 8% equates to £5,827.70 over the course of 4 years which equals £121.41 per month.
Ben is now £847 better off each month!
So that is absolutely amazing and he couldn’t be happier but after Ben’s loft conversion he wonders if his new loft office has increased his homes value. He has a number of valuations and was astounded to find that his £4500 investment has increased his homes value. His investment of £4500 has not only added £4500 to his home but it has doubled – adding £9000!
Okay, this figure may be fictional but based on recent surveys such as one outlined in the guardian has documented properties adding in surplus of £20,000 to there home from a £10,000 loft conversion investment.
Take a look at the article here.
Also to further save money many may not realise that if they decide to work from home in any capacity when completing self assessment they can deduct certain expenses against there household bills!
This includes electricity, water, mortgage etc. Calculations can be made online using websites such as this website.
So i’m sure you will agree there really is no reason not to convert your loft into a useable, modern loft office and it really can pay for itself. To find out more about our prices of loft conversions check out our loft conversion cost page. Prices are transparent and honest just like us.
To calculate the cost of converting your loft into useful storage or living space just fill in the quick quote form below... if you enter your email address we will automatically email you a copy of the quote for your records.
If you would like further information regarding any of the services we offer, or to arrange a no obligation appointment. Alternatively if you would like us to make contact with you, please complete and submit the enquiry form below.
Was impressed by the reviews, the quote, the confidence that they could sort out our dirty horrible loft in a day (lined package) and couldn’t help but think ‘If something seems too good to be true it usually is’! Well they left earlier today and we’re delighted by the work Ecoloft have done. Great job guys – thanks very much!Denise Yates FURTHER TESTIMONIALS
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