Thinking and living outside the box(es)

Thinking and living outside the box(es)

During our journey through life we experience many boxes; the box we live in, the box we learn in, the box we travel in. And then there’s the box we think in.

Society generally dictates we accept the way things are – it has always been that way, therefore it will always be that way. But inside, we know in our gut, there is a better way.

Car-free school planned for Leeds

A school being planned in Leeds will be among the first to be designed as car-free. It will form part of a multi-generational building that includes a care home for older people. The developers hope many children will walk to the 420-place primary school, which will have no parking spaces for staff or visitors and will discourage drop-offs.

This article is extraordinary. It brings together so many aspects of what I believe about Property and the way we use it as different societies. It must be true that there is no set way for everyone to live but there are many different ways.

The trick for an investor in property is to spot the opportunities from lifestyle changes. The closer you watch society, watch the changing, developing needs and developing importance of those needs, then there is your developing niche.

And niche can often become mainstream. That is the goal. Make the product so good for society, so apt to the times it becomes so desirable that everyone in your target market aspires to it. Then expand the options to expand the market reach.

Except for it getting me thinking, none of the above says anything much about the article to which I linked! I suppose is right and proper … I’ll just let the professional journalist express some of my shared vision for the co-living environments of the near future.

Positive outlook for HMOs from Precise Mortgages

Positive outlook for HMOs from Precise Mortgages

I found this interesting article the other day. It’s refreshing to see a positive attitude expressed on HMO lending.

Of course in reality, there are still lots of hoops to jump through, perhaps more, but the products do offer more options. Top slicing for one.

In the Reporter article they quote ‘high than average’ rental yields of 6.3% for HMOs, compared to market average 5.0%. You have to assume those are ‘net’ figures – I mean, I’m not settling for that gross!

For me though, there’s one negative criterion – maximum 8 bedrooms. I’m looking at a co-living product that should perform best with projects averaging 10 to 12 rooms. However, if I find an <8 that works, I’ll be looking seriously again at these financial options!

https://www.propertyreporter.co.uk/finance/further-growth-predicted-for-hmo-sector.html

HMO and Limited Company

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