Property developers intent on accomplishing a substantial return on investments should examine the possibility of adding an HMO to your property portfolio. Buying a standard three-bedroom townhouse for HMO conversions can quickly turn your monthly rent collection from three tenants to five. At Future Build, as HMO specialists, we have assisted countless developers with their HMO conversions and HMO renovation projects across Coventry, Warwick, Leamington Spa, Stratford-upon-Avon, Solihull or Leicester.
An HMO is defined as three or more tenants who aren’t part of the same household and share amenities in the same dwelling. Therefore the type of house you will be looking for will have at least two bedrooms. Former schools or business premises can undergo HMO renovation and achieve licensing as an HMO under the converted building test. Whichever type of property you buy, make sure that it is close to local transport links and attractions to make it appealing to tenants.
The type of criteria you will need to fulfil to obtain a license will depend on the kind of property and the number of occupants. As an HMO specialist across Coventry, Warwick, Leamington Spa, Stratford-upon-Avon, Solihull or Leicester, Future Build has helped countless developers liaise with local councils to ensure their HMO projects are fully compliant. Another role we play as an HMO specialist is to guarantee the building meets all relevant Fire Safety regulations.
If you are interested in developing an existing property in your portfolio or HMO renovation and would like advice and a free quote from an HMO specialist, contact us to arrange a site visit.
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.