Case Study: HMO in four weeks with Clair McArdle

You don’t necessarily need to invest a large amount of money and an extended amount of time into making an HMO a profitable project. Clair McArdle sets a great example of how you can revamp an HMO yourself without the help of hired contractors. McArdle ended up repainting the interior of her home herself as opposed to hiring professionals, and she ended up saving about $4,000 in the process. She chose to go for a Scandinavian look with Cornforth White.

Key Takeaways:

• Claire Mcardle moved from doing simple house flipping in real estate to HMO’s or house in multiple occupation which has offered more challenges and rewards.
• Key to her success is choosing the right property which is close to amenities, has large bedrooms, sufficient kitchen and bathroom space, and is organized for multiple tenants.
• On a recent HMO Claire invested close to 20 thousand in pounds for 27.5 investment return.

“The only downside was the decor. There was a glut of varnished pine and the feature walls were painted peach, terracotta or green.”

Read more: https://www.insidepropertyinvesting.com/case-study-hmo-interiors-claire-mcardle/