HMO licensing is changing. Not only is it becoming stricter and more widely applicable but it is likely that it will become centrally administered rather than under the control of a local authority. Before these changes come in, however, all HMO projects should start with a conversation with your local HMO Officer. [Read more…] about What Do Landlords Need to Know About HMO Licensing?
The first in a series of videos and articles on bridging finance with Rory O’Mara, founder and CEO of Closed Bridging Finance. Rory started his company on realising that the biggest problem faced by property investors is a lack of access to ready cash and that this was something he was able to offer as a service. [Read more…] about Introducing Rory O’Mara from Closed Bridging Finance
These days it is more important than ever to give your HMO the WOW factor, something to make it stand out from the crowd. But this doesn’t have to represent a large investment. Making sure the property is clean, modern and containing the right kinds of electronics is often all you have to do. [Read more…] about How to Give Your HMOs the WOW Factor
What should a landlord be paying to furnish an HMO? There is a ballpark figure at approximately £2.5k for a four-bed HMO at £600 a room but that gets cheaper the more rooms there are. Something else you will want to consider is whether your time is best spent assembling furniture or whether you want that done for you. [Read more…] about How Much Should a Landlord Budget to Furnish an HMO?
The beds you choose for your HMO depends on the look you want to go for. With the HMO market being as saturated as it is it is important to stand out from the competition and the days of exclusively installing divan beds in your properties because they have good wear are long gone.
[Read more…] about What Type of Beds Should Investors Use in Their HMOs?
There is no fixed rule that says blinds work better or curtains work better in an HMO. What’s best is what pulls the room together. The truth is, however, people can be put-off by bog-standard blinds and curtains aren’t that expensive. You need to ask yourself the question, would you want to live there? [Read more…] about Is it Better to Put Up Blinds or Curtains in an HMO?