If you are a landlord in Coventry, Warwick, Derby, Leamington Spa, Stratford-upon-Avon, Solihull or Leicester looking to increase the potential return of your property portfolio, you should consider HMO conversions. Future Build are HMO specialists ideally positioned to guide landlords through the maze of regulations and criteria for licences concerning HMO conversions. Although the initial outlay of capital can be significant, eventually, the returns of having multiple tenants within a single property can pay dividends.
Working out beforehand how many tenants you plan to let and the space needed will determine the scale of the refurbishment.
Walls may need to be taken down or put up depending on the original layout of the building. For instance, three-bedroom Victorian terraced housing typically consists of two reception rooms, with one converting into an additional bedroom. For HMO conversions with more modern houses, garages and lofts are often modified into extra bedrooms to accommodate the multiple tenants.
Not all HMO dwellings need licenses, but when required, they are typically for one, two or five years, and an HMO with five or more occupants will require a license in any local authority. Still, HMO accommodations with fewer than five people will depend on the local council. Coventry City council amended the current rules so that any HMO now requires a license, and an HMO for more than six occupants necessitates planning permission.
Before you start to let your property, it’s essential to comply with the regulations thoroughly. It will need a current Electrical Condition Installation Report, meet the Fitness for Human Habitation standards, undergone a fire risk assessment, feature emergency lighting and locks for each bedroom.
At Future Build, we can help landlords in Coventry, Warwick, Leamington Spa, Stratford-upon-Avon, Derby, Solihull, and Leicester realise an HMO project that provides a fantastic return on their investment.
An HMO, or house in multiple occupation, involves at least three individuals forming more than one household. Future Build is a specialist in HMO conversions and renovations.
Future Build works with landlords and local authorities to ensure all HMO conversions and renovations are safe, compliant, and of the highest standard.
Yes, Future Build offers free quotes and guarantees complete customer satisfaction for any job, big or small.
The cost of a 6-bed HMO conversion can vary based on several factors, including the size of the property, the extent of renovations required, and specific client preferences. We provide personalised quotes after assessing your property and understanding your project requirements.
The cost is influenced by factors such as the size of the property, the level of structural changes needed, the quality of finishes, and any additional features requested by the client. Each project is unique, and our pricing is tailored to your specific needs.
Yes, Future Build Cov Ltd provides free consultations to discuss your HMO conversion project. During this consultation, we assess your property, discuss your requirements, and provide a detailed estimate of the anticipated costs.
We believe in transparency, and our quotes include a breakdown of costs for materials, labor, and any additional services required. We strive to be upfront about all potential costs associated with your HMO conversion.
To receive an accurate estimate, simply fill out our online enquiry form or contact us directly. We’ll schedule a consultation to better understand your project, evaluate the property, and provide a detailed estimate tailored to your specific needs.
While we do not directly provide financing, we can recommend financing options or work with your preferred financial institutions. Our focus is on delivering quality construction services, and we’re happy to guide you through the financial aspects of your project.
Yes, we can provide a detailed breakdown of costs for different stages of the HMO conversion process. This allows you to better understand and plan for expenses at each phase of the project.