On first glance it would seem that demand for rooms in HMO’s should be falling at the moment as people want to isolate away from others – but this is not the case. A lot of people are now wanting to move into HMO’s so that they have a contact nearby and they are not completely alone if they cant go out. This makes sense.
Also we know that in recessionary periods people would rather rent than buy – and for sure the UK thinks it is heading for a recession, so demand for all rentals is growing. HMO’s are a great investment – in the right area – and remember to allow working space (in case the tenant is working for home) and lots of kitchen storage and a fantastic broadband facility helps enormously in attracting potential tenants.
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