Description

How much does it actually cost to refurbish an HMO?

It’s one of the most common questions I get asked, and unfortunately, there isn’t one simple answer.

The cost depends on the scope of the project, the specification you’re aiming for, where you’re investing and, importantly, whether you’ve accounted for everything that actually sits inside a refurbishment budget.

In this episode, I break down how I think about HMO build costs and give you a practical way to put a credible number against a project before you’ve even spoken to a builder.

🎯 What You'll Learn

• The two biggest factors that drive HMO refurbishment costs
• What you need to include when building your refurb budget
• Current build-cost benchmarks for light, moderate and heavy refurbs
• What nearly 40 real HMO projects have actually cost our members
• How professional fees, VAT and contingency can affect your final budget
• How to sense-check your numbers and builders’ quotes 

Getting your refurb numbers wrong by £5,000, £10,000 or £20,000 can completely change whether a deal stacks up, and potentially how much you should be paying for the property in the first place.

The goal isn’t to predict your build cost perfectly from day one. It’s to understand your scope and spec, use the right benchmarks, account for the costs that are often missed, and get your initial estimate as close to reality as possible.

If you’re appraising an HMO conversion or planning your next refurbishment, this episode will help you approach your numbers with a lot more confidence.

💻 Resources & Mentions

• Join my Accelerator Programme: If you’d like my direct input on your current or next project, you can watch this video or book a complimentary strategy call with me here.
• The HMO Roadmap: Feeling overwhelmed? Access 400+ tools, templates, and lessons to help you start, scale, and systemise your HMO business - all in one place. Join here.
• The HMO Community: Got questions or need support? Come and connect with 10,000+ investors inside our Free Facebook Group here.
• Social: Follow me on Instagram for daily HMO tips, advice, and behind-the-scenes updates here.

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