HMO Licence

[Charlie Sampson]

Hi all,

I have heard that once you convert your house to an HMO it will not enjoy as much capital appreciation ( because your potential buyers are only HMO investors)

My question is as follows :   When you come to sell the house can you cancel the HMO licence and sell as a normal house and thereby widening the pool of potential buyers?

 

Thanks for any input and advice.

 

 

Charlie

 

[tchughes]

 

Your question completly depends on location.

In some areas HMOs will have a premium, influenced by article 4.

In other areas prices will be equal HMO or not. This can be a good thing or a bad thing depending on your point of view.

 

 

[kaihicks]

Depending on your location, the HMO may or may not be applicable. However, if you are worried, try looking for an alternative investment management firm to handle your property.