The Best Commercial to HMO Conversion award looks to recognise those who have undertaken a relatively recent project utilising their skill and knowledge with commercial buildings coupled with HMO regulations. This award is open to individuals or companies that have demonstrated their commitment to raising standards and compliance within the HMO and Coliving sector.

The Best Commercial to HMO Conversion award lead judge: Rick Gannon

Judging Criteria

  • The property must be completed but can be occupied or unoccupied
  • Proof of any required planning permission and building regulations or application will be required 
  • Proof of compliance with the local authority (HMO Amenities standards) will need to be met and supplied by means of a floor plan (doesn’t need to be to scale)
  • All safety certificates will need to be produced where applicable – Gas Safe – EPC – Electric Cert – Fire Alarm Cert – Building Regs Cert.
  • Photographs of before and after are required (a site visit may also be required)
  • Property must have been completed within the last 12 months 
  • Judges will look for unique elements of living – something that really stands out above the rest 
  • Full set of figures will need to be provided to include ROI / Yield / Money left in and monthly cash flow

QUESTIONS YOU WILL NEED TO ANSWER

Basic information required:

  • Applicant Name
  • Company Trading Name
  • Contact Email Address
  • Contact Number
  • Website
  • Social Media page if applicable

Company information required:

  • Description of the portfolio (region, number of units, target market, and how long you’ve been operating)

Award specific information required:

  • What is your ethos around HMOs and Coliving?
  • How did/does your approach adapt during a slow market?
  • What are your company values?
  • What would you say makes your property different from the rest?
  • Please detail if this is a purchase, Lease Option, Exchange with delayed completion or something different
  • How did you source this property?
  • Why should you be considered for this award?
  • How was this property sourced? (Agent, direct to vendor, etc)
  • How was this property financed?
  • How many people are involved with this deal and in what capacity?
  • What are your intentions with this deal? (Sell, refinance etc)