Co-ownership with one owner adding value

C

Cazz

Guest
I am wondering what standard procedure is for one co-owner adding value to a home. Myself and my partner split last year and I have been paying the mortgage with help from a family member renting the spare room. To avoid struggling to pay the mortgage when interest rates go up, I have decided to get the garage converted to another room so I can rent that out too. Should I get the house valued before and after renovations so I know the % value I have added to the property? I don't want my ex to decide in a few years time that he wants out and benefit from the money I have put into the house from my own pocket! I rang a valuer yesterday and he gave me the impression that doing valuations is a waste of time and money?
 
Back
Top