From Fixer-Upper to First Choice: Why Savvy Landlords Love Properties with Potential

If you’ve ever looked at a slightly tired property and seen a gem in the making, you’re not alone. According to a recent Paragon Bank report, nearly half of UK landlords (44%) are actively choosing homes in need of a little TLC over those that are ready to rent. Why? Because smart improvements can unlock big rewards.

At Dottie Lettings, we love this hands-on approach — it’s thoughtful, it’s strategic, and it’s just the kind of vision we admire in landlords.

🛠 Why ‘Needs Improvement’ is the New Gold Standard

Rather than opting for turnkey properties, landlords are rolling up their sleeves (or calling in their trusted trades) and making upgrades that tenants will love — and that’s paying off.

Here’s what the data shows:

• 💰 Landlords invest an average of £8,500 a year across their portfolios on property improvements.
  • For those with just a few properties, it’s around £3,500 annually.
  • Larger landlords (with 11+ properties) average just under £12,000 in upgrades a year.
• 🛁 Popular renovations include:
  • New bathrooms (65%)
  • Kitchen updates (62%)
  • New boilers (75%)
  • Replacement windows (50%)

These are the sorts of changes that don’t just freshen up a space — they make tenants feel truly at home.

🧑‍💼 What This Means for You, the Modern Landlord

If you’ve been eyeing a home that needs work, don’t be deterred. Properties with potential offer a brilliant opportunity to:

✔ Increase your rental yield
✔ Attract high-quality, long-term tenants
✔ Enhance your property’s long-term value

And perhaps most importantly, you’ll be providing a safe, comfortable home — which, let’s face it, is what it’s all about.

🏡 Where Dottie Comes In…

Whether you’re refurbishing a new buy-to-let or giving your current property a glow-up, we’re here to support you every step of the way. From advice on what tenants really look for (hint: it’s more than just a new oven), to recommending trusted local contractors, Dottie Lettings is your property’s biggest cheerleader.

Because we believe property management should be personal — and done properly.

✨ Thinking about investing in a renovation project? Let’s talk. We’ll help you spot the potential and make it shine.