How can I maximise the asking price of my rooms?

Upgrade your HMO property and increase your rooms’ asking prices with these 4 tips:

  1. Use Outdoor Space –  Outdoor space is just as important as the interior when appealing to long-term tenants. Seating and eating areas are popular, especially in the summer months.
  2. Kitchens and Bathrooms – These rooms are important and could be potential deal-breakers to certain tenants, by having attractive kitchens and bathrooms, tenants will naturally be drawn to your property.
  3. High-quality Appliances – Whilst keeping costs down is important, choosing high-quality options for furniture and appliances such as sofas and white goods will ensure that you spend less in the long run.
  4. Be Ready for Check-in – When having work done to the property, such as maintenance and refurbishments, ensure that all work is completed before tenants move in, this will reduce the chances of damage or issues arising early on in the tenancy

Implement these 4 principles when decorating and/or designing your HMO property to secure higher rents and increase tenant satisfaction.

Unsure whether you require planning permission for your HMO project? Find more information on our FAQ page.

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