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Making improvements to your rental property is imperative if you want to increase its value in the long-term. Knowing what will appeal to the UK’s tenant population as well as future buyers can, however, be difficult. To give you some inspiration on what to embrace and what to avoid, here at Amilli Property we have taken a look at a study released by Barclays this month. The Home Improvement Report 2015, a survey of 2,000 Brits, established the nation’s home improvement and renovation likes and dislikes. A closer look at the results might come in handy for some of East London’s landlords and property investors. According to the findings, the biggest home improvement faux-pas of the last fifty years is investing in an avocado coloured bathroom suite. The top five was made up by woodchip wallpaper, stone cladding, flocked wallpaper and artex ceilings. Other turn-offs included carpets in bathrooms – something we’d hoped we’d seen the last of, pebbledash, strip lighting, linoleum, and synthetic wood. The study also looked at the worst colours to paint a room. No prizes for guessing lime green as the most unpopular. The other colours that received a high percentage of the vote were purple, orange, red and yellow. It seems these results go a long way to back up the common advice that neutral colours are best if you’re trying to attract buyers or tenants. Giving an insight in to the mind of the average Briton, the survey found that the installation of a designer kitchen was the most desirable home improvement. This was closely followed by an en-suite bathroom and the more ambitious swimming pool and games room. It is important for landlords to consider all of the above when thinking about their rental property, but there should be no hard and fast rules about what you can and can’t do. As is clear from this survey, improving bathroom space always goes down well. The demand foren-suites is at its highest and doesn’t look like diminishing anytime soon. If you can’t run to an en-suite now, though, small upgrades like new mixer taps or a chrome heated towel rail will still add value. Other home improvements which are certain to increase the property’s value are making the most of your garden – especially now in the summer months – and committing to an extension. Extensions are of course expensive but if you do your research and take your time they can be one of the most profitable home improvements. For example, Barclays’ research shows that the value of the average home could increase by £14,000 following a 30 square metre extension. Investing in your buy-to-let portfolio is very important but making sure the improvements reflect what people want will always be the key. For further advice on increasing the value of your buy-to-let property via home improvements, please contact East London letting agents Amilli Property on: 0203 189 1925. Additionally, find out what monthly rent you could be achieving with our instant online valuation tool. https://blog.amilliproperty.com/home-improvement-turn-ons-turn-offs-consider-rental-property/

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