Basement conversion
Financing your project
As with any new building project, extensive financial planning is essential to make sure you are not faced with escalating costs. Whether you are constructing a new basement or converting an old one you will need to budget carefully.
It is a good idea to get an estimate for the total cost of the project against the estimated increase in your property value. To find out how much value your conversion will add you can compare your property to similar ones in the area or consult an estate agent.
If you need help budgeting for your basement conversion, The Home Owners Alliance can provide you with advice. Take a look at their detailed financing guidance.1
Useful links
Find a Professional
Use our partner directories from CIAT, FMB or RTPI to find an architectural technologist, builder or planning consultant to help with your project or development.
Find a professional (https://planningportal.pp.tqinfra.co.uk/planning/planning-applications/find-a-trade-professional)
Find a professionalUseful links
Interactive guides (https://interactive.planningportal.co.uk/)
Interactive guidesCommon projects (https://planningportal.pp.tqinfra.co.uk/permission/common-projects)
Common projectsMake an application (https://planningportal.pp.tqinfra.co.uk/applications)
Make an applicationPlanning Consultancy Calculator (https://planningportal.pp.tqinfra.co.uk/permission/home-improvement/planning-consultancy-calculator)
Planning Consultancy Calculator- https://hoa.org.uk/advice/guides-for-homeowners/i-am-improving/how-can-i-finance-my-home-improvement-project/