Spring is invariably the time when homeowners’ minds turn to some form of aesthetic improvements, however minor. With an uncertain housing market, people may be looking at making changes to their existing dwelling rather than taking the next step up the property ladder. It is important that homeowners approach the issue of improvements in the right way, otherwise they may risk losing valuable equity by spending more money on their property than is wise.

When talking about home improvements, loft conversions, extensions and kitchen enhancements are often highlighted as good areas to increase value in a property, but care must be taken. The location of the property, quality of work and the necessary permissions are key to a successful conversion or extension. It is fair to say that where land and property prices are at an absolute premium, a loft conversion can provide excellent value for money.

However, people should consider seeking the expertise of a chartered surveyor to advise on the extra value that a conversion or extension project will add before going ahead with the work. In terms of a kitchen refurbishment, the same could be said as it remains important to ensure that expenditure is kept in proportion to the value of the home. For example a £20,000 kitchen installed in a £150,000 home might just be a bit over the top in terms of adding value – if this is the intention.

As a nation still obsessed by property prices it is understandable that the value of our homes remains a primary concern. There are things that can be avoided by careful planning by the owner or vendor before undertaking any alterations which could help towards an increased valuation. As hinted at earlier it should be painfully obvious to most people that when making changes to a home, owners must get the necessary building regulations and, in many cases, planning permission. But you’d be surprised at how many people do not follow these simple rules and create problems in a potential sale as new buyers will have to factor in the cost of rectifying any illegal changes to the property.

Other relatively simple measures that need to be taken into account to help saleability are failing to keep up with general maintenance of outside areas, a tidy front garden, clean windows, clear guttering and fresh paintwork. These can all add to the so-called kerb appeal of a particular property. Poor workmanship and décor which is too individual can also have an effect on potential buyers and may mean a lower offer. So if people are undertaking any improvements with a view to selling or adding value to their homes it is a good idea for them to do plenty of homework and obviously keep the costs down without cutting corners.

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As part of any good retention policy getting closer to clients to try and help them follow these golden rules could mean brokers remain in prime position to advise them on their mortgage requirements in the future.

Dominic Morgan, Premier Client Manager at Colleys