More than a third of renters spend money doing up landlord’s home

Almost one in seven tenants spent more than £1,000 on home improvements

<p>Over a third of tenants spent money doing up their rental homes</p>

Over a third of tenants spent money doing up their rental homes

More than a third of renters spend money doing up their landlord’s property and nearly one in seven fork out more than £1,000, a new study found.

Research by SpareRoom found that 34 per cent of tenants have paid for upgrades to their rental properties.

The flat-sharing website said one in five choose to do so as they cannot afford to buy their own home.

It found that people spending more time at home because of the pandemic and rising house prices were the leading reasons for such spending, as 79 per cent of those who spent money on their rental properties only began doing so in 2020.

Decorating and buying furniture were the most popular home improvements, with almost half of renters spending their money on it.

For those who had not spent any money on their rental homes, 13 per cent said they would do so if their landlord offered them a longer-term tenancy.

Matt Hutchinson, director of SpareRoom, said: “It’s not surprising that people want to make their rented properties feel like home, given how much time they’ve spent at home over the last two years.

“As people rent for longer, we may well see more and more tenants wanting to have a say in how their properties look.”

“What’s interesting is that more people would be tempted to spend money doing up their rental property if they were offered a longer-term tenancy,” Mr Hutchinson added.

“In some European countries tenants can decorate their rentals however they like, but shorter tenancies in the UK mean people have traditionally been more reluctant to spend on a property they may need to move from in a year’s time.”

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in