HMO Conversion- Adding a Window to Get an Additional Bedroom

One thing we do in order to generate the most amount of revenue in our properties is adding bedrooms. Sometimes we just need to add stud walls…sometimes we need building regs to put in a new window. Every room needs a window in a HMO. Each bedroom pays a net 55.00 to 57.50 per week per bedroom. We do corporate lets based on social housing. Generating this one extra room over a 5 year contract is worth 14,300. A nice tidy sum…How many of these would you need to live on? This project has taken us 4 weeks so far. We are hoping to finish all the plumbing and electrical by the end of this week in the HMO Conversion. As in every project you always have issues. In order to enhance this property we put in a new kitchen ( thank Gd for Howlens) and a new bathroom. Decorators are going in shortly and hopefully we will have our final inspection and then we are cash flowing.

 

If I can help in any way just let me know…

 

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