How to Value - Houses in Multiple Occupation
1.5 Hours Formal CPD
As part of the ‘How to Value’ series, this class will give you an insight into best practice and key points to focus on when valuing HMO properties.
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This presentation will provide a summary of current market conditions in the Private Rented Sector and the factors driving demand.
We will focus on the more complex forms of residential investment, principally houses in multiple occupation. The class will cover the requirements of landlords operating in this market, the legislation that is applicable under the Housing Act 2004 and the expectations of lenders who are active in this sector of buy-to-let, particularly in relation to a sustainable market rent.
We shall learn about the relevant standards of compliance to include an overview of fire protection within HMOs and consider how to reflect the associated costs within the valuation appraisal. A number of case examples will be included where we will look closely at maintenance and management allowances along with the analysis of yields. This will give you a practical experience of this complex area of valuation.
Who Should Attend
- Residential valuers
- Property managers
Why attend this course?
During this class you can communicate in real time with an industry expert and get answers to your questions on this complex area of valuation. Take this opportunity to expand your knowledge.
This class will be fully interactive and cater to all learning styles. Your trainer will present to you, accompanied by slides to aid you visually. There will be a quiz questions, images and real life examples to embed your learning and you will be able to ask questions of your industry expert throughout – with a dedicated Q&A session to consolidate.
- HMO definitions and market overview
- HMO Management Regulations and Compliance
- Licensing of HMO’s
- Housing Health and Safety Rating System
- Planning and Article 4 Direction Orders.
- Valuation methodology:
- RICS Guidance
David Hitches MRICS