HMO Conversion

With the housing stock in the UK at its shortest supply in over 80 years, more and more people are renting, the UK Is quickly and surely becoming a renting country. One method developers and investors have addressed this challenge is by converting properties, Commercial and residential alike, into HMO’s (House with Multiple Occupancy.) Whilst still possessing the same footprint, the property offers additional space for renters and in turn increases the revenue, thus, return on an investor’s investment.

With the aforementioned in mind, the increase in HMO conversions is increasing, rapidly. A government initiative called Article 4, has now meant it’s increasingly more difficult to introduce HMO’s in certain towns and cities across the UK. Planning permission is now required in these article 4 areas, and there is also stricter guidelines for licensing, such as room sizes and bathroom and kitchen facilities.

FarrellWolst are at the forefront of this increase in demand, and offer a specialist, one stop solution for all things HMO conversions. We have experience renovating and converting Pubs, residential and commercial properties into HMO’s.

Getting planning permission for your HMO is one of the most important first steps and getting us involved early on will save you a lot of wasted time and money.

Pub to HMO Conversion

Pub to HMO conversions are an ever growing investment strategy, with some Pub’s being renovated to provide anywhere between 6 – 20+ room’s, with and without en-suites.

With the demand in Public House use falling year after year, stock of these types of properties are frequently entering auction houses and find their way onto estate agents books more and more frequently than ever before. It is extremely important that a HMO conversion is done correctly and in the most efficient manner. FarrellWolst understand that the aim of a HMO Conversion is;

  • Increase the number of rooms available to rent, whilst maintaining the quality of finish and adhering to all standards, such as room sizes and bathroom facilities, in any given council constituency.
  • Deliver the full conversion on time, and for a great price – We appreciate the refurbishment budget can be the difference to making the project work financially and enabling the investor to recoup his/her investment following the refinance. We also understand the refurbishment makes a major difference to the return on investment for the investor
  • Stand out – With competition increasing, renters have more choice than ever before, and are not necessarily happy with the simple, cheapest option available, instead a higher rent is more than happily paid, if the accommodation is the best around. Our desire to deliver the best, based on any given budget and spec allows us to stand out, enabling you to do the same.

Commercial to HMO Conversion

Commercial to HMO conversions are another strategy being adopted by lots of property investors across the UK, certainly in the North West, where rents are very strong, but commercial property is far cheaper than the vast majority of the UK. Providing investors some of the highest yields found anywhere in the UK.

We are aware, there could potentially be more cogs in the wheel, noticeably in the initial stages of planning and obtaining permission, as the use of the given property will be changing, from commercial to residential.

FarrellWolst understand that the aim of a HMO Conversion is;

  • Increase the number of rooms available to rent, whilst maintaining the quality of finish and adhering to all standards, such as room sizes and bathroom facilities, in any given council constituency.
  • Deliver the full conversion on time, and for a great price – We appreciate the refurbishment budget can be the difference to making the project work financially and enabling the investor to recoup his/her investment following the refinance. We also understand the refurbishment makes a major difference to the return on investment for the investor
  • Stand out – With competition increasing, renters have more choice than ever before, and are not necessarily happy with the simple, cheapest option available, instead a higher rent is more than happily paid, if the accommodation is the best around. Our desire to deliver the best, based on any given budget and spec allows us to stand out, enabling you to do the same.

Our 5 Step Process

Planning and Building Regs

Upon deciding that Farrell Wolst is the company for you we will arrange a start date and you will have been given a time scale for the project duration. The time has now come for us to start work. All the Surveys have been carried out, all the plans have been drawn up, all the relevant authorities have been notified and informed and necessary paperwork has been obtained.

The first stage of construction is getting our infrastructure in place, if required (dependent upon the project), for example we will assemble scaffolding first. Unlike a lot of other companies Farrell Wolst will, for example, erect scaffolding for loft conversions, so that there is no need to have access to you property while the construction work is going on. All work is carried out through your existing roof so your home is free of dust, materials and workmen during the conversion and can remain as a home as the work progresses.

Usually 1-2 days before the project is due to start the scaffolding will be erected around the property and wste disposal skips, etc. Will also be arriving. On the day of the arranged start date your team of workmen will arrive to begin work and the materials will arrive on site. Usually most materials are stored on the drive though alternative arrangements can be made where this is not possible. A safe area on site may be required for any expensive materials.

Hard work part 1

Now all infrastructure is in place such as scaffolding, Skips, large machinery, etc. Our team will start by removing all the old materials and items not required, such as old flooring, walls, kitchens, bathrooms, etc. Everything will be stripped back, to allow us to start a fresh. We will have in place organized days in which waste removal firms will arrive and take away this unwanted mess, always consulting with you and keeping you, and in turn your neighbors in the loop, in order to avoid any unwanted complications or delays to your day.

Specialist works

At this stage we have a blank canvas, and now the exciting work of bringing vision to life begins. Our specialist trades, electricians, Plumbers, gas engineers begin their first fix operations, in essence pulling in and installing the infrastructure/power to enable the completion of works. For example, the electrician will update the electrical supply in the kitchen or bathroom, complying with modern regulations, taking into consideration needs for residual current detection, etc. Pulling the relevant rated cables into the locations where, showers, lights, switches, pull cords, etc will ultimately be mounted and finished. All of this pivotal work is hidden behind the final finishes, such as plasterboard, plaster, tiling and flooring.

The plans and communication are essential to working as efficiently as possible, without errors, this is where FarrellWolst’s 50+ years of combined experience and project management experience comes into its own, and guarantees flawless uninterrupted work throughout.

Piecing the Project together

Now all of our ‘infrastructure’ is in place, cables, pipes, waste pipes, supporting beams, New Joists, etc. Our master Joiner’s and Fitter’s will now work tirelessly and with an eye for detail to build the vision you and everybody else will see. The walls will take shape, the structure of the kitchen, bathroom, extension, etc. Will all begin to piece together. The pipework, cable’s and other items now hidden behind the newly constructed structures, are ready to be used and completed, commonly referred to as the second fix.

2nd Fix and Completion

Our specialist trades team now come back for the final push, they will complete the ‘2nd fix’, this is in essence making the final connections such as mounting the shower, connecting downlights, light switches, connecting the cooker, hot and cold taps, etc. A thorough deep clean is carried out and our office manager will then make a site visit and review the work and ensure everything has been completed to the best of abilities, a list of any items which need attention is drawn up and shared with you, our valued customer, you can then review yourself and add any items we have not noticed (we don’t believe this is possible with our attention to detail, but we do like the challenge!), this is described in the trade as a snagging list. The completion of each and every item will be carried out and then a final handover is made with our site manager.

OPENING HOURS
Monday to Friday: 8:30 – 18:00

OFFICE
01942 608116
PROJECT MANAGER
07482 332817

EMAIL ADDRESS
hello@farrellwolst.co.uk

ADDRESS
Shelley Street,
Leigh,
WN7 5EX

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