Latest reports from estate agents suggest that the rental property market is very strong with lots of people looking to rent properties. Many potential buyers are struggling to get a mortgage, which means they are forced to rent and it seems we are less focused on owning our own property than in previous generations. Interestingly renting properties is much more common in other countries such as Germany where around half of the population rent their property.
If you have the capital to invest in property, then the current climate may mean it is a good time to become a landlord. Mortgage costs are at an all time low with low interest rates, however house prices are on the rise so you need to consider this carefully. The return can be lucrative but the risk of bad tenants is a scary prospect. Damage to your property and non-payment of rent are serious concerns.
At Kershaws Doors we have a lot of regular customers that are landlords buying doors when renovating properties. From experience, we find that some customers, who are landlords, say they have previously purchased low budget options and now realise that a new, good quality timber door which has been well sealed or painted is an important element for selling a rental property and will provide good safety and stand the test of time. Along with the magnolia paint on all the walls, they tell us that a new door helps to create a positive first impression. Standards have risen in the rental market, partly due to increased competition with more rental properties available and this means that landlords have to make sure they renovate their properties to a good standard with quality finishes and fittings. If you are a landlord and you wish to buy good quality doors to improve the look of your properties then please call our customer services team to discuss your requirements.