The HMO Experience Property Podcast

012 | 3 Reasons Why Great HMO Property Design Matters!

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Description

RESOURCE LINK

  1. The HMO Experience Website (http://www.thehmoexperience.co.uk/)
  2. 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page)
  3. Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe)

IN THIS EPISODE

Your podcast hosts Matt Harris from MiRentCo London and Jamie Madill from Jamie Madill Property share their views on why great HMO property design matters to beat your competition for HMO rooms in your area, and how you can use it to attract the best housemates & customers to rent your rooms.

Tune in and join us for a value packed episode of The HMO Experience Property Podcast!

KEY TAKEAWAYS

  1. We aim to make our HMO rooms are the best they can possibly be. The key reason for that is if you can provide better quality rooms, you will attract the best customers, they'll want to stay in your HMO rooms longer, and they might even pay you higher rent. We rent out our rooms at up to 41% higher than the average in our area.
  2. We recommend you follow three key design principles from Dieter Rams to improve your HMO rooms; small touches of colour make the whole rooms look more colourful; use timeless design touches and good quality materials that are long-lasting; and use innovation to not only make your HMO rooms more appealing to your customers, but also to save you ongoing running costs.
  3. Using these design tips means your customers should stay with you longer, which gives you some predicability in your rental income. It also means the upkeep costs in your HMO rooms can be minimal as they are more likely to respect the property.

BEST MOMENTS

“Think about long-term value, not short-term cost”

“Steve worked out that the cost of a digital thermostat saves you more in lower heating bills than the cost of the unit within 12 months. So it's just worth it.”

“We’ve just started introducing Netflix to our houses and it has had a great response, because it's an added little bonus which doesn’t cost much, and makes our housemates feel that they're valued because we're giving them something extra”

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CONNECT WITH THE HMO EXPERIENCE

CONNECT WITH THE HOSTS

Matt Harris - https://linktr.ee/iammattharris

Jamie Madill - https://www.facebook.com/jamiemadillproperty/

Steve Mitchell - https://www.facebook.com/steve.mitchell.9843