Landlords in the local area should contact a Shropshire builder for any renovation works before renting out their property, as the UK rental market shows signs of improvement.
With the rental market so buoyant, it is a good idea for landlords to discuss their properties with a builder Shropshire to help ensure they receive the best possible return on their investment.
The latest research has revealed thousands more properties were marketed to rent in 2011, compared to 2010. So anyone considering buying property to let or on the verge of marketing their portfolio, should get in touch with a professional builder Shropshire to discuss any possible building works to maximise the rental income.
It makes sense to carry out any general building works, extensions or even carpentry works – which could be carried out by a Shropshire carpenter – before renting out a property. A tenant will likely pay more for a house that is in good condition, and where the fixtures and fittings are of the highest specification. For example, getting a builder Shropshire to install a new kitchen could widen the rental appeal significantly.
Research by Experian shows an additional 58,000 properties were marketed to rent during last year, compared to the same time in 2010. Numbers increased each quarter in 2011 compared to the year earlier, with the third quarter seeing the biggest rise (14.46%).
Although London was shown to be at the forefront of the rental market, accounting for 20% of all UK rentals, Wales and the West Midlands experienced the largest rise in houses to let, up 20% on 2010.
Jonathan Westley, managing director of consumer Information services at Experian UK and Ireland said: “This insight shows that home owners may be using renting as a back up plan if they are unable to sell or alternatively some may still consider property a long term investment.”
The trend looks set to continue for 2012, which means landlords and landlords-to-be should speak to a Shropshire builder or carpenter Shropshire to establish the best ways to maximise on the rental capacity of their properties.