With more rental properties on the market than at any other time over the past five years, tenants have a wide choice of high quality accommodation with up-to-date fixtures and fittings. In order to minimise void periods and ensure tenants renew contracts landlords have started upgrading kitchens and bathrooms and redecorating city centre properties.
Leading Edinburgh property lettings and management specialists Cullen Property have seen their refurbishment service gain in popularity over the past six months.
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Operations Director Steve Coyle said: "Landlords have to compete for tenants if they want to avoid flats lying empty.
"Property types that were hard to find such as two bedroom flats in sought after areas, are now available across the city and prospective tenants can take their pick, making it even more important that landlords offer accommodation to a high standard.
"Our refurbishment team has definitely been busier than ever before over the past six months advising existing landlords as well as new clients on changes needed and how they can make a property more attractive."
While Edinburgh's property market is showing some early signs of recovery, Cullen Property predicts that the number of flats available for rent will remain high for the foreseeable future as landlords wait for property values to rise again. The company currently manages nearly 300 flats across the city and continues to achieve above 98% occupancy levels.
The firm offers a full management service, including property sourcing for investors, lettings and refurbishment.
(GK/JM)
