With two million private landlords, letting out five million homes in the UK that means there's potentially an extra £530 million in revenue out there for landlords who explicitly say they are happy for tenants to decorate.
Only 29% of tenants surveyed have the freedom to decorate their property as they wish; but with a quarter (25%) living in a rental property for more than three years, and one in five saying they would be 'likely' or 'very likely' to avoid inviting relatives round their home if they were embarrassed about the dÃ©cor, it's understandable that tenants want to decorate their homes.
The top five things tenants want to do to their rental property, but aren't permitted to do are:
â€¢Paint the walls with colours (19%)
â€¢Hang pictures or mirrors with screws (17%)
â€¢Hang wallpaper (10%)
â€¢Blue-tack pictures to the wall (9%)
â€¢Hang a TV on the wall (9%)
â€¢Just 28% of tenants ask their landlord for permission to decorate but of those that do, 76% of those tenants' landlords agree to the request, despite it being against the tenancy agreement.
David Hadden, manager for landlords and lettings at Endsleigh said: â€œWith it being so difficult to get on to the property ladder, people are now renting for longer, so naturally they are going to want to decorate the property they are living in long-term.
â€œLandlords who allow tenants to personalise their property could be favoured over those who don't and may be able to command a higher rental price. If tenants feel at home in their property they may also have longer tenancies.â€
Article courtesy of Landlord Today.