Please help with my overheads estimate for an HMOMake Text Bigger
I’m trying to get an idea of which is a better investment BTL or HMO and trying to do the figures too. BTL is relatively straight-forward but estimating how much some of the overheads would be for an HMO is challenging. Below are the figures I’m estimating.
Any thoughts about how close I am would be much appreciated.
If anyone would share theirs it would be much appreciated.
- mortgage obviously depends on property but is easy to work out.
- Licence (HMO) check with Local authority
- insurance 150pa
- maintenance 1000pa
- Landlord’s gas safety check 100pa
- Environmenal certicate 50pa
- gas 150 pcm
- electric 100pcm
- water 50pcm
- council tax 4 bed 100pcm
- TV licence 12 pcm
- Wifi 25pcm
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