HMO’s (Houses Of Multiple Occupation)
Large buildings, especially large town houses, can be quite easily changed into HMO’s (Houses of Multiple Occupation) by Rees Developments, and there are many reported benefits in going down this road as a buy-to-let landlord.
Rental Income is one benefit to having an HMO, as it is unlikely that the whole property will be empty at the one time, meaning that you will always have at least one rental income. Obviously the more ‘households’ that occupy the building, the more rent you will receive. This is a great way to maximise your investment, largely due to the fact that you will yield more in rental income from these multiple occupancies than you would just renting out the one large property.
A property is classed as a House in Multiple Occupation (HMO) if there are at least three tenants in the building forming more that one household, and those tenants share a toilet, bathroom or kitchen.
Many buy-to-let landlords put their success down to HMOs and the financial rewards from doing so. A seemingly never ending shortage of housing means that these are sound investments, always guaranteed to bring in a rental income.
As experienced builders in converting properties into HMOs, we can handle everything required from the early planning stages, right through to delivery of a high quality building conversion.
Further information about HMO conversion
Please contact us for more information or a no obligation quotation for the works involved in converting your property into a HMO.