Creating cosy and affordable new homes

HMO is a term used to describe accommodation that is owned by a private landlord/Investor and shared among a number of people (Tenants). The acronym stands for a House in Multiple Occupation.
There are a range of different types of accommodation that could fall under this definition, depending on how many people are living there and what the living arrangements are. As a rule, where there are three or more tenants in a property who make up more than one household with shared toilet, bathroom or kitchen facilities, this could be classed as an HMO.   

Typical property arrangements are: 

• A number of bedsits in one building 
• A hostel 
• Halls of residence (private) 
• A shared house 
• A block of converted flats 
• Individual shared self contained cluster flats. 

Whether your property is classed as an HMO usually depends on the number of ‘households,’ which is either members of the same family who are living together or a single person.  

Homezones blah blah blah

Our Project Managers have extensive experience in selecting the relevant properties based on:  

• Target price, to ensure compliance with the HomeZones financial model  
• Proximity to Town/City centre 
• Commuting distance to City 
• Property Floor plan, to ensure the ultimate layout can be achieved 
• HMO coverage in that particular location to ensure non-saturation  

We are currently focusing our efforts on the Home Counties as there is significant demand and low-cost properties, prevalant to HMO conversion, are still in plentiful supply. HomeZones is a UK wide business and will expand geographically at an organic rate or at our Clients’ specific request. 

There are many towns and cities in the UK which lend themselves perfectly for HMO and are relatively untapped. Our strategy is to target areas where large businesses operate sizeable campus areas or manufacturing plants with high levels of low-income, blue collar workers.