Welcome to The Refurb Experts, your go-to property refurbishment and property conversion specialist in Liverpool and Merseyside. We offer a range of refurbishment services to landlords and property owners, including HMO property conversions in Liverpool.
Our team of experienced professionals are committed to delivering high-quality results on every project we work on, no matter how big or small. As landlords ourselves, we understand the importance of running a portfolio of properties, which is why we are so well places to help other landlords in Liverpool to refurbish and maintain their rental properties.
To discuss a new HMO property conversion enquiry with one of team, call us on 0151 305 4821 or email us at enquiries@refurbexperts.co.uk
So, What is an HMO?
A HMO, or House of Multiple Occupation, refers to a property that is rented out to three or more tenants who are not part of the same household but share common facilities such as a kitchen or bathroom.
Why are HMO’s becoming so popular in Liverpool?
We have 20 years of experience in working with landlords and property owners in Liverpool, helping to refurbish and renovate their properties.
During this time we have noticed a significant increase in the number of landlords and property owners who approach us to help convert their property into an HMO.
There are lots of reasons why HMO’s are popular with property investors in Liverpool and Merseyside:
Rental yield: HMOs tend to offer higher rental yields compared to traditional buy-to-let properties. By renting out individual rooms to multiple tenants, landlords can generate more rental income from a single property.
Demand: There is often a high demand for HMO accommodation, especially in areas with a large student population (like in Liverpool) or where affordable housing is limited. This demand can lead to higher occupancy rates and a more stable rental income.
Flexibility: HMO properties can provide flexibility in terms of tenant turnover. If one tenant moves out, the landlord can still earn income from the remaining tenants while seeking a replacement. This reduces the risk of a property being vacant for an extended period and a landlord losing rental income.
Diversification: With multiple tenants, the risk is spread across different income streams. If one tenant fails to pay rent or moves out, the impact on the landlord’s overall income is typically less severe compared to a single-tenancy property.
Property appreciation: Well-managed HMO properties in desirable locations can experience good capital appreciation over time. Investors may benefit from both rental income and potential property value growth.
More Tenants, More Hassle?
Not necessarily.
It is of course important to note that managing an HMO comes with additional responsibilities and regulations. Landlords must ensure compliance with local licensing requirements, fire safety regulations, and standards for shared accommodation.
It’s important you have a managing agent that is experienced in managing HMO property conversions, as well as a maintenance team who can help look after your investment property.
Our team have many years in assisting landlords to convert their properties into HMOs in Liverpool and Merseyside, as well as providing a reliable, trustworthy and cost effective maintenance service thereafter.
Contact us to find out how we can help you with an HMO conversion in Liverpool.
Free Initial Consultation
If you are considering an HMO conversion but don’t know where to turn or who to speak to, we reccomend you contact us today. We have years of experience in HMO property conversions in Liverpool and Merseyside and would be pleased to talk to you about how we can help.
We offer all new enquiries a free and no obligation initial phone consultation, during which we will listen to your ideas and discuss how we can add value to your project and help carry out the refurbishment works. We can also talk about our range of maintenance options once your HMO is up and running and your tenants are in situ.
Contact Us Now
At The Refurb Experts, we pride ourselves on our exceptional customer service and attention to detail, ensuring that your project runs smoothly from start to finish.
Contact us today by phone on 0151 305 4821 or email enquiries@refurbexperts.co.uk and we will contact you at your convenience to discuss your HMO property conversion enquiry.
We look forward to talking to you.
