The Difference before Refurbishment and After Refurbishment of a Social HMO

After

Rents 1300 a month

No voids, no management and no maintenance only if structural

Ultimate counterparty Home office

Never a late payment

No interaction with tenants

Electric updated and in many cases new boilers

5 bed commercial value

10 year govt backed lease which in many cases have been renewed

Went through all type of inspections & passed, Fire assessment, building regs and council

Before

Rents 750 approx

Needs refurb and updating

Electric needs updating

Potential no payments and long evictions with tenants

Dealing with tenants and repairs

Can be financed depending on personal situations and credit via together finance and Fleet

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