Structural changes should be declared

Landlords need to make sure that they declare any structural changes to their insurers.

The National Home Improvement Council (NHIC) has called for property investors to make alterations to their homes known as these can affect landlord insurance policies.

There is an opportunity for landlords to make extra money by adding extensions and other improvements to their homes, the NHIC suggested.

Andrew Leech, director at the organisation, explained that landlords can justify increasing rent if they provide more space and comfort in a house.

He stated: "Now is a really good time to carry out this sort of work because building costs are lower than usual and there are some pretty keen prices coming through from builders for work to be done."

"It certainly is important for them to notify their building insurer because it increases the premium and increases the responsibility on the insurance company."

Properties can increase in value by five per cent if a conservatory is added, recent Ratedpeople.com research found.

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