There has been alot of talk about saturation of HMOs especially in Liverpool and Manchester. More so it seems alot of talk about saturation with Student HMOs. It is hard to compete with an outdated…ugly student HMO versus all of these new purpose built student housing. To some degree that makes sense however regarding our HMOs do not feel the saturation. There is always a particular strike price that supply meets demand. Our HMOs are done up to a high standard and people are willing to pay that slight difference for a wow kitchen…and wow personal shower/bathroom.
So this brings me to the idea of paying for your children’s school via a professional HMO property or a social housing HMO. Imagine you have a young child. You buy a professional HMO….it is managed professionally it will generate a very nice income. More so, over the years if you have a capital repayment mortgage, you will pay it down….and potentially it will go up in value. Is it possible to think over 15 years this professional HMO can pay for your child’s university education? I would dare to say yes!
More so, my daughter might be getting married next year. I discussed with her, instead of having a big (expensive) wedding…I would prefer to put that money into property that she can keep and generate an income. More so, a Social Housing HMO that is on a 5 year contract with no voids…no management….and maintenance covered up to 5,000.
I speak to many people through out the day. Unfortunately for many, they do not take action. Or maybe not take action with us. Who knows, I do believe personally that property and investing in HMOs with low capital repayment loans in my personal opinion is one of the better investments out there.
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