Would you let tenants make home improvements?
New research shows PRS tenants are increasingly keen to personalise their rental homes with home improvements – with controversial claims that landlords should let them do just that.
The growing trend is reflected in a recent study which found that 73% of tenants have carried out DIY jobs at their own expense.
According to the research, which included a survey of more than 2,000 renters, 23% of participants said they have spent over £500 on home improvements in their rental home.
Now the Association of Independent Inventory Clerks (AIIC) says that landlords should let renters carry out home improvements – something that would bring many landlords out in a cold sweat.
It claims landlords who allow tenants to make home improvements – within reason – could benefit in the long-term.
Patricia Barber, AIIC Chair said: “It’s clear that tenants are increasingly willing to spend their own money on improving their rental property and this is certainly something landlords should think about.
“We’re seeing more long-term tenants and they’re clearly committed to living in a higher standard of property. Landlords who cautiously allow tenants to put their own stamp on a property could benefit from a lower turnover of tenants and an improved and well-maintained property at the end of the contract.”
And while landlords have been advised to be ‘open-minded’ by the AIIC, Barber said a good inventory is vital to prevent issues further down the line.
She said: “If rental properties are noticeably changing over the course of a tenancy, it’s vitally important that there is an inventory which comprehensively details the condition and contents of the property at the start of the tenancy.
“This way any fair deposit deductions can be made by the landlord and the chances of a deposit dispute are minimised.”