Finance Your Dream Conservatory with a Home Improvement Loan

Are you considering adding a conservatory to your home?

Conservatories are an excellent way to increase the living space of your home. Whether you plan to use your new space as a breakfast room, play room or as an additional reception room, a conservatory can increase the size of your home and its attractiveness to potential buyers.

However, whilst conservatories may be cheaper than an extension or basement conversion, they can still cost several thousand pounds to build. Our guide looks at the cost of a conservatory, the value you are likely to add to your home and the ways of funding the building work.

Building a New Conservatory

One of the first things you should check when you are considering a new conservatory is whether you need planning permission for it. Channel 4 reports that ‘generally, you won't need planning permission. Under the regulations that came into effect on 1 October 2008, conservatories are considered to be permitted development. However, there are some size and height limitations - you can't cover half your garden with your new room, and you can't build one higher than the top of your existing roof.’

You then have to decide what shape and size you want your conservatory to be. It is wise to build a conservatory that is in proportion with your home and garden. A giant conservatory on a small terraced house may not actually add value, and you may put off buyers if you take up most of your garden with a conservatory.

You also need to work out where your conservatory will be situated. A south facing room will need good ventilation and shade whilst a north facing conservatory will need adequate heating.

The cost of a new conservatory will vary depending on the materials and whether you build it yourself. A kit for you to build yourself can be purchased for under £1,000 whilst you are likely to pay in excess of £8-10,000 for a professionally installed uPVC conservatory.

Add Value to Your Home with a New Conservatory

As well as giving you valuable extra living space, a conservatory can also add value to your home.

The Royal Institute of Chartered Surveyors (RICS) suggest that a conservatory can increase your home’s value by 4 to 5 per cent whilst TV property expert Phil Spencer told the Daily Telegraph that ‘a conservatory (cost £5,000-£30,000) can add around 7 per cent to the value [of your home].’

In a Daily Mail report in 2009, the newspaper agreed with these figures, saying ‘in the short term you can expect to cover the costs of a building a conservatory and, provided it's the 'right' sort of size, add 5 per cent to the home's value.’

A Home Improvement Loan Can Be the Perfect Way to Finance Your Conservatory

Not everyone will have £10,000 or more in cash available to meet the cost of a new conservatory. So, finding the finance for the build might be one of your main concerns.

A home improvement loan can be the ideal way to finance a new conservatory. These loans are secured against your property and use the equity you have in your home. They will typically be based on:

Home improvement loans are often cheaper than a credit card or an unsecured loan. So, if you are looking to add a conservatory to your home, why not find out more about the finance available?

To get your home improvement loan, fill our form on the right.