Value Engineering a HMO – 6-Bed All-en-Suite (Part 1)

Value Engineering a HMO involves strategically planning and designing the HMO so that all the essential functions can be achieved at the lowest total cost. BIG John has been value engineering HMO projects on behalf of investors across the UK and overseas for almost a decade. He knows how to make little tweaks in the layout of the property that can drastically reduce costs while improving functionality. Value engineering can be done by an architect as well as a builder. Both can spot potential. But it's then down to going the extra mile to maximise savings. At this 6-Bed all-en-suite HMO conversion in Stoke-on-Trent town centre, the BIG Man has found a way to channel the drains to an existing manhole to prevent digging up a large proportion of the ground floor. Thus saving the investor thousands of pounds on the refurb cost. Not only has this HMO been properly value engineered, but we are also doing things differently in terms of stacking the deal. It's usually the case – to achieve an ROI of 15% or more and cashflow of £500+ per month – that the HMO is designed to include the maximum number of bedrooms. With this refurbishment, however, we are sacrificing extra bedrooms in favour of creating a much better living space and more comfortable experience for tenants. The communal space will be huge and the bedrooms will be bigger than normal. That way, tenants will have a better standard of living and be encouraged to stay longer. HYPE has converted dozens of HMO properties in Stoke-on-Trent and the surrounding area. And if experience has taught us anything, it’s that it’s no good having more bedrooms if they are consistently empty. We’ve also learnt that the customer is king. Giving tenants what they want reaps greater rewards. Stacking a HMO deal differently can sometimes be more beneficial for everyone. #valueengineering #HMO #dealstacking ____________________________________________________________________ Subscribe to HYPE TV for: ⚫️ PROPERTY INVESTMENT KNOWLEDGE ⚫️ PROPERTY REFURBISHMENT TIPS (WE'RE HMO SPECIALISTS) ⚫️ BUILDING PROJECTS ⚫️ ADVICE FROM BUILDING EXPERTS Visit our website https://hypebuilding.co.uk/ Call 01782 930043 We're not just passionate about property, we're HYPE