One UK woman, Clair McArdle, found herself having what some might consider an early onset middle-aged crisis after the birth of her first child. Though already working for a prestigious UK corporation, McArdle decided her life required a better balance between home and work. So, she began her act two early, by becoming a house flipper. As a flipper, McArdle found her special niche in locating, refurbishing and selling properties specifically for the HMO market. An HMO, which is typified as being owned by three or more individuals not comprising a single household, usually feature lower and fixed-rate mortgages. Though it took Clair a couple of years to get her footing and discover her preferred niche in the housing market, by 2018 she was all about the HMOs. One winning example consisted of a property she found on the Flyde Coast. McArdle felt that the region was nice and the amenities afforded by the property were spot-on. The house had two roomy bedrooms and bathrooms. However, a review of the interior brought out some feature walls that needed overhauling. She also found that much of the home’s varnishing, tiling and paint choices were either excessive or very dated. However, by freshening the walls with new paint and opting for a modern Scandinavian-style redo to the décor, the house was saleable in a mere four weeks.
Key Takeaways:
- Refurbishing a multiple-occupant home can be a giant undertaking, or it can simply involve some quick tweaks.
- One woman, experiencing her second act as a flipper after leaving a giant UK corporation, found a home on the Flyde Coast.
- Already possessed of two bedrooms and two baths, the well-located home merely needed some redecorating and some fresh paint to appeal to new owners.
“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/
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