10:45 AM, 20th November 2015, About 7 years ago 4
Tenants are willing to pay more if they are allowed to decorate their homes, according to new research.
Tenants would be willing to pay an additional £149.52 a year, on average, if their landlords would allow them to personalise the property.
The research calculated that there is an extra £530 million in revenue to be made by landlords who clearly say they are happy for tenants to decorate and personalise their homes.
This is as a result of there being two million private landlords in the UK who are letting out five million homes.
A spokesperson for Discount Landlord said: “As people now have to rent for longer periods of time as a result of increasing house prices, it is natural for them to want to decorate where they live.
“Landlords who allow their tenants to personalise their property may be able to command a higher rental price,” added the spokesperson.
25% revealed that they have been living in a rental property for more than three years and one in five went on to reveal that they would be ‘likely’ or ‘very likely’ to avoid bringing relatives round their home because they were embarrassed about the décor.
While only 29% of those surveyed revealed that they have the freedom to decorate their property as they wish, 43% said they would be willing to pay more rent, revealed the survey by Endsleigh.
The greatest desire that tenants have is to be able to paint the walls with a colour of their choice with 19% wanting to do this, 17% want to be able to hang pictures or mirrors with screws and 10% want to hang wallpaper of their choice.
9% want to be able to use blu-tack to hang things on the wall and 9% want to hang a television on the wall.
The research went on to reveal that many tenants are reluctant to seek permission to decorate from their landlord with only 28% doing so.
However, 76% of those tenants’ landlords agree to the request despite it being against the tenancy agreement.
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