Always Pressure with Refurbishing Professional HMOs & Social HMOs
There is always good news and always challenges with Professional HMOs & Social HMOs. The good news is that Sefton council/Liverpool is initiating Article 4. This should increase the values of the both professional HMOs and Social HMOs over time…..the challenge is we are rushing to finish 2 Social HMO projects with 1 months left of time. One is virtually completed and the other needs several weeks. These properties will be on a long term social lease with guaranteed rents of approx 11,300 per year.