When you come to sell your property or want to buy further shares it is important that you tell us the improvements that you have made to your home. Unlike your local estate agent who will carry out a market valuation, we carry out an equity valuation. This means that we will exclude the value (equity) you have added to your home (through carrying out improvements) and value it to the same standard that you bought it, but at the current market value.


Market Valuation£125,000
Value of installing new kitchen£3,000
Co-Ownership Equity Valuation (Market Valuation – Value of Improvements)£122,000


Please be aware that the cost of making improvements to your property is not the same as adding value. For example a new kitchen may cost you £7,000 but may only add £3,000 to the value of your home.

In order to help explain the difference between what is deemed a ‘Repair or Maintenance’ and what is deemed an ‘Improvement’, we have listed some examples below. This list is not exhaustive and if you require any further clarification please ring a member of the Co-Ownership team on 028 9032 7276 or download the Repairs & Improvements leaflet


Repairs & Maintenance are classified as items that need updating within your home due to general wear & tear. These do not increase the equity value of your home.

Examples of repairs and maintenance are:
• Plumbing and electrical maintenance and upgrading.
• Solid fuel, oil and gas central heating system maintenance and replacement (including replacement of boiler, radiators and or change of heating system.
• Roof repairs e.g. replacing damaged / missing slates and/or tiles, repointing mortar at eaves.
• Re-point brickwork or repair defective render
• Painting and decorating either internally or externally
• Replacing defective/damage glass in windows, window catches, locks and hinges, rotted frames
• Replacing damaged doors, door frames, locks and door hinges
• Overhauling rainwater goods, guttering, drains and gullies
• Overhaul/ replacement of fascia and soffits
• Change/ replacement of floor coverings which no longer impact on the value
• General maintenance/

If you make improvements to your home you alone benefit from the increased value that you have
created, not Co-Ownership. Please tell us about the home improvements you’ve made. An improvement is defined as anything that adds value to your home.

Examples include
• Installation of wood burning or multi fuel stove
• Conversion from Economy 7 heating system to oil or gas central heating. Any other change is considered a maintenance/ repair
• Construction of a garage
• Loft conversion into habitable accommodation
• Addition of a sunroom/ conservatory/ porch
• Home extension increasing habitable accommodation e.g. additional bedroom or living area
• Recently fitted kitchen/ bathroom if it increases value
• Solar panels/renewable energy if owned outright
• Installation of fitted furniture e.g. wardrobes if it increases value