Customer news Shared ownership

Think bigger with some home improvements

If you’re a shared owner you can add value to your property by doing some home improvements or alterations.

For example, there’s no reason why you couldn’t install a fitted wardrobe, knock through between rooms or even add another room if you have the space.

As long as you’ve obtained our formal permission and any permissions required by your local council, you can go ahead.

Some good news is any cost of improvements you invest in for your home will not be taken into consideration if you ever decide to staircase – buying another share of ownership - so, you don’t pay twice.  And even better, if ever you decide to sell your property in the future the improvements you make will be included in the valuation of your home and you would benefit from any additional proceeds from the sale. 

Here’s 3 potential value-adding ideas from propertypriceadvice.co.uk:

  • Add a deck or patio to transform a garden into an entertaining space
  • Make the living area open plan by knocking through from the kitchen
  • Increase living space with a conservatory

 If you would like more information please email customer@vividhomes.co.uk

As long as you’ve obtained our formal permission and any permissions required by your local council, you can go ahead.

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