Room Renovations HMOs

HMO’s face significantly more wear and tear than single lets given the nature of the market. This largely impacts communal areas and associated white goods that cycle more given they are shared with more than one family unit. 

 

Our room refreshes account for general wear and tear, and they are cascaded to be built into the life cycle of planned works, or when market trends demand. 

 

These examples illustrate that not only can landlords reduce the impact of larger capital costs by waiting but that they can and will benefit from our ability to make their assets work harder, without significant impact to operations and yields.  

 

Average cost: £800

Turnaround Time: 1 week

Typical loss of income: 1  month Rent (months void)

Recovery of costs: 2 months

% increase PCM:  ranges  36-60% (factors to consider ensuite premium)