As the market continues to develop, more HMO landlords are choosing to offer well appointed properties with additional facilities to a basic bedroom. Increasing in popularity is the option of fitted kitchenettes and en-suite shower or bathrooms. Combined with a more spacious communal kitchen with washing machine, these properties are proving to be attractive to single dwellers who want to be part of a small community in shared accommodation as well of having the option to be essentially self contained when required.
This type of approach can attract a higher rental income and in some part of the UK the ‘one bedroom’ LHA rate can be achieved instead of the standard HMO rate, meaning that there is a legitimately enhanced income for the savvy landlord. This type of project has been at the forefront of success with nationally recognised landlords who are offering good quality accommodation on the room rental basis to both non-workers and professionals.
To find out more about being at the forefront of the HMO investment market, contact a member of the HMO Money team today: 029 2175 4150
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