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Showing results for tags 'hmorefurb'.
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Dear Property Hub community, My name is Luis, I'm a Spanish Construction Engineer that has lived half of his life already here in the UK. I'm passionate about property investment, for now I've done mainly buy to lets and a couple flips. I'm MCIOB, so charted construction manager and I've got my own small design and build company in partnership with an architect and a Surveyor. I'm also working my way into becoming a residential valuer through RICS. almost there, but not just yet! I would be very happy to help anyone interested in investing in property so I can learn about what kind of projects other people do so please do not hesitate to contact me if you've got any worries or queries regarding current or future projects, building works on the go, issues with a fellow builder (we can be a handful sometimes but with patience and beer you might get a smile!) or any others that you think I might be able to help with. I specially love looking at projects to be, feasibility studies to explore the potential of a deal. I'm happy to give rough estimates free of charge and also my opinion as a construction professional on how easy - challenging the idea you've got in mind can be. Bests, Luis
What advice would you give for someone looking to get into HMO's to begin with? Lucky enough to be at a young age (17) and would greatly appreciate any advice that can be given from anyone who has had or currently owns HMO's and what would they do differently if they were to start again/ what mistakes to avoid if possible. Thanks
Hi Everyone. I've never invested in HMO, but I'm obviously intrigued by the very positive cash flow. I wouldn't want the hassle of managing an HMO, and a portfolio full of them would make me cry. I do, however, think that a few scattered among a varied portfolio would be a good idea. The main question is, how does HMO conversion affect the capital value of a property? Is it a case that more bedrooms increase the value, or do smaller rooms negatively affect it? If its a negative, is it worth it when compared against the increased revenue, even taking into account higher management and refurbishment costs? What is the attitude of lenders or valuation surveyors towards HMO conversion? Rob