The client’s preference was to remodel the entire house to attract a higher-quality level of tenant that would take care of the property more than average to compensate for the extra features that were added, hence a higher yield. The desire was to invest in parts of the house that would be most appealing to tenants.
The client, working with our design team agreed that a formal communal area would be the center point of the house and thus wanted it to feel more entertaining. We needed to knock out internal chimneys to allow more space as required by HMO regulations. We then upgraded the boring magnolia walled room into a split face grey tile that housed all electrical wires in-cased and mounted TV’s. Alongside this we wanted two blue neon lights that would drop down and drape the split face brick feature as this would give off a dramatic, cinematic effect.
The bedrooms would all come with Freeview TV’s allowing tenants to enjoy their individual spaces. To ensure the design and feel of the rooms met our clients budget we decided to use an urban “brick look” wallpaper for the main feature wall as this would best compliment the furniture and final look of the property.
The property achieved its goal, it was designed to house a higher quality of tenant that looked after the property with more care and attention, as they respected the facilities that had been provided for them. In comparison to other properties within the area, this stood out from the crowd. The tenants stayed for a longer period and from our understanding the client has never experienced any void periods since this transformation.
Once the property had been fully developed, all 2nd fix plumbing and electrical’s were carried out, along with satisfactory Certifications produced to meet building & structural control Certificates. This included fire detection Certificates, emergency light test Certificates, EICR, Gas, PAT and EPC Certificates. We also produced a satisfactory Fire Risk Assessment report. We then handed this over as a turnkey HMO investment property ready to let, back to our client. As part of our “handover package”, we acquire a 5 year HMO licence on all properties on behalf of the licence holders.