Maximise the potential of your investment with a refurbishment.

Is your property in need of refurbishment? Whether it’s a freshen up for the new letting season, or a total transformation of an underperforming property, our specialist team can deliver the results you are looking for.

What is Property Optimisation?

Property Optimisation is the process of ensuring that your rental property is performing at its best and delivering optimum returns.

When it comes to rental property in Leeds, we are experts. And that means we know what it takes to create a popular and profitable investment property. From minor works to full scale project management, our clever team can ensure your asset is generating the best rents.

Our Property Optimisation service includes a full analysis of your rental property and recommendations on how to maximise your return and minimise void periods.

Once we have fully scoped out what improvements will make the biggest difference to your property, we plan and deliver the works with our expert contractors – transforming your property into a high performing let.

leeds investments property refurbishments

Clear Reasons to Refurbish

Regardless of whether you’re planning a full-scale property refurbishment, or a simple lick of paint ready for a new tenant, there are so many reasons to refurbish your Leeds property. Here’s just a few:

Adding value: Whether you need a new tenant, are looking to sell, or quite simply just like the idea of adding value to your property – you might be surprised at how effective a small refurbishment project can be. In some cases, a bit of fresh paint, new light fittings and a new shower could be all you need to put some value on your property and make it more attractive to buyers and tenants.

Cost-effective: Finding and buying a brand-new property can be an expensive and time-consuming business. On the other hand, a refurbishment project can meet any need and take less time. This is particularly the case if you’re already happy with the overall structure of your property.

Easier life: Refurbishment isn’t just about adding value to a property or making it look better. Think about anything in your property that causes you a constant headache or stress, perhaps in the kitchen or bathroom; a refurbishment project can take that irritating burden off your shoulders once and for all.

leeds property refurbishments

How does it work?

The Property Optimisation process begins with a full analysis to review and assess what changes will make the biggest impact when it comes to making your investment attractive to contemporary tenants and, ultimately, more profitable.

This could be as simple as new carpets, décor and furnishings, or perhaps a new bathroom or kitchen.

It can even extend to altering the layout, adding rooms, converting a basement, adding an extension or a change of use. All of which – and more –  can be handled by our talented team.

leeds property refurbs

A strategic approach

It is not only the quality of the property that impacts the income, the rental strategy is equally as important.

We can offer guidance on: whether to rent as a HMO or on a room by room basis; which tenant types would be best to market to; the prime time to do the works; or even organising a pre-let of the property to minimise risk and loss of income.

We pride ourselves on building long-standing relationships with Landlords and will work with them to optimise their property on an ongoing, cyclical basis. It’s also a key part of our Property Sourcing service, as well as being a fundamental part of any HOP Development.

The outcome of the Property Optimisation analysis is a robust plan for works and rental strategy, designed to generate the maximum return.

Hassle-free refurbishment

Each asset generally has a lifecycle: starting at freshly refurbished and ending at complete renovation required.

However, it’s not just wear and tear that you need to be mindful of – keeping things modernised is important too.

Rental demand, decor trends and tenant expectations change over time, which can all have an impact on occupancy, rent levels, and the property’s overall value.

As well as advising and specifying recommended changes, we’ll also implement them for you, using our team of carefully selected contractors.

property refurbishments in leeds

A trusted team

Once a decision is made to proceed, HOP will get full quotations for the work from our hand-picked team of retained contractors, many of whom have worked with us since we started. Tried and tested, they appreciate the exacting standards and competitive cost that we expect.

We will review and discuss the estimates with you and, once agreed, we will engage the contractors to start work. Your HOP Project Manager will then personally oversee the works from start to finish, in line with the best possible timing strategy for the market.

HOP has refurbished countless properties since 2009, enabling us to hone the specification, service, quality and pricing – to deliver marked improvements time and time again.

property optimisation leeds

Letting your property

As the works on your buy to let property come to an end, we will add the finishing touches and details to complete the transformation.

Soft furnishings and decor can make all the difference, and we can fully dress and furnish your property ready for tenants to move straight in to.

It’s at this point that our award-winning Lettings Team will also swing into action and quickly let the property at the uplifted rental level. They will capture new marketing photos and 360-degree virtual tours, showcasing the newly refurbished property and ensuring your property stands out from the crowd.

Our proven marketing techniques will ensure tenants are secured at the new rental levels as soon as possible, in order to maximise your returns.

Why Choose Us to Transform Your Property Leeds

Why Choose Us to Transform Your Property

We have been serving the Leeds population for years and are proud to offer support with property refurbishment in Leeds and its surrounding suburbs.

The Leeds rental market is a competitive place full of discerning tenants. Not only do we have rich experience as property developers working on a range of property maintenance and refurbishment projects, but we also have lots of experience and knowledge about the local area as well as what local tenants are looking for.

All of this, plus our commitment to delivering the best possible service to you and our long line of happy customers, makes us an excellent choice for your refurbishment needs, from minor works to full scale projects.

Let us take the hassle out of your refurbishment project and get your property ready for renting with our tailored Property Optimisation service.

To find out more, speak to our friendly team on 0113 467 1584 or

Why choose HOP to refurbish your rental property?

Communication

You’ll have a dedicated HOP Project Manager throughout your project, which ensures excellent communication and full transparency.

Full 360 Service

We’ll handle it all from conception and planning to cost of works and project management. We’ll also ensure compliance and even sort soft furnishings, so it’s ready for tenants to move straight into.

Market Knowledge

We know what tenants or buyers are looking for. That means we understand what will secure a tenant or buyer more quickly, and for a higher rent or price. We can focus the improvements in the areas that matter most, in order to make the maximum impact on the value of your investment.

Trusted Tradesmen

We have a wide network of fully vetted contractors, ensuring that all works completed are of a high quality, for the long term.

Completion Dates

Timing is everything! Whether it’s preparing your property for the student season, or sorting it for a quick sale, we give realistic timeframes and we stick to them.

Quality

We will often manage the property for many years to come, so we don’t take short cuts. We understand the value of long term investment and have a vested interest in doing a great job.   We look after your property as if it we our own.

Peace of Mind

We’ll provide full warranties, certification and insured tradesmen on all plumbing, electrics, appliances and kitchens.

To find out more about our refurb or investment services, simply make an enquiry below and one of our team will be in touch to discuss.

Refurb Case Studies

We handle all kinds of projects ranging from some minor redecoration, new bathrooms, kitchens to removal or structural walls and more.

Take a look at some of our case studies below to see how we have transformed underperforming properties to improve returns.

3 Bed HMO in Headingley

3 Bed HMO in Headingley

We undertook a full refurbishment of this under performing 3 bedroom HMO property in Headingley.

Issue: The property was initially let to three tenants but there was an opportunity to upgrade the property and accommodate an additional tenant.

Works: The key objective was to make room by expanding the communal areas and adding an en-suite, as well as fully upgrading the spec throughout. We chose materials and finishes that would not only be hardwearing but also very attractive to prospective tenants.

Now: By upgrading the spec of the house and making changes to reconfigure, we were able to command a new rental value of 130% more than before the refurbishment.

Download the Case Study

4 Bed HMO in Hyde Park

4 Bed HMO in Hyde Park

Full refurbishment of this four bedroom property in Hyde Park.

Issue: Before the refurbishment, the poor-quality HMO suffered rental arrears and lengthy void periods. It was averaging a rental value of £800 net a month with rooms consistently unlet.

Works: The key objective for this property was to repurpose some of the rooms, turning a single bedroom that was hard to let into a much more practical and desirable third bathroom. It originally had 2 small kitchens, which we totally reconfigured to create an appealing large open plan kitchen.

Now: The property was completely transformed and let to 4 fantastic tenants and achieves a rental income increase of 127%.

Download the Case Study

4 Bed HMO in Woodhouse

4 Bed HMO in Woodhouse

Extensive renovation of this four bedroom HMO in Woodhouse.

Issue: This 4 bedroom HMO in a popular student location had been under-let for years on a room by room basis.

Works: We were given license to totally transform the property by creating a huge rear extension to provide a high quality communal open plan lounge and kitchen area, plus 4 double bedrooms and an addition of a new bathroom. We planned and project managed the entire refurbishment from start to finish.

Now: Fantastic high specification, modern four bedroom HMO generating a 126% increase in rental income.

Download the Case Study

 

4 Bed Through-Terrace In Hyde Park

4 Bed Through-Terrace In Hyde Park

Four bedroom through-terraced property, with two bathrooms, downstairs cloakroom, kitchen and large lounge.

Issue: Had remained unlet and empty for over 3 years due to being in a poor condition.

Works: Complete overhaul of electrics, central heating, kitchen and bathrooms. Full redeveloped throughout including moving partition walls to make the bedrooms of equal size. The property was re-plastered throughout, with new woodwork, carpets and high quality furniture with TVs included to appeal to the luxury student and young professional market

Now: High specification, modern four bedroom property let to a group of 4 professionals within weeks of completion.

Download the Case Study

 

To optimise your investment property, speak to our friendly team on 0113 467 1584 or

FAQ’s

Learn more about HOP’s Refurb and Property Optimisation Service.

Why optimise your property?

Properties become tired, increasing maintenance, increased voids, lower rents and lower quality tenants conspire to create a downward spiral. Without intervention, the asset of the property soon seems like a liability, as mortgage costs and maintenance costs increased against a declining rental income.

Buy optimising and refurbishing the property, focused on the target rental segment, the income is restored, voids eliminated, and maintenance contained.

With the lettings market as competitive as ever, due to increased supply of good quality properties and  fewer students, we have seen growing demand for our hands-on 360 degree service from Landlords who needed assistance to turn a poor performing property into a stable investment.

What's the process?

We offer a unique service that enables us to transfer our expertise of what the market requires into an actual finished property – perfect for the prospective tenants.

Usually, the process is broken down into the following three main stages:

The first step is the Property Optimisation Analysis, where we will undertake an indepth review the property and its potential. We will consider both the current condition and options for improvement – based on:

  • Budget
  • Desired outcomes
  • Potential capital investment
  • Estimation of what rents could be achieved with improvements

Once we agree our preferred course of action, we’ll then proceed with:

  • Gaining comprehensive costing of the proposed works to the property, from fully stripping and refurbishing to the finer details of replacing carpets, furnishings and lampshades
  • Project managing the works on your behalf – whether you are a Leeds local or further afield, we offer a completely hands-off service

Once the works are completed, we’ll then work with our Lettings Team to:

  • Take new marketing photos and virtual tours to show off the improved property
  • Full marketing and letting service to achieve new higher rental figures

Why work with HOP on a refurb?

Our experienced property team offers honest advice on what a property needs in order to be transform it into a viable, stable property investment – and how to ensure great market rent with minimal voids.

With this in mind, and working within an agreed budget, we then work with our experienced contractors to provide a fully project managed renovation.

We remove the stress of trying to secure a reputable contractor, ensure the property works are completed in line with what the market requires and to the requisite standards required for letting, and solve any issues of bringing together the renovation itself along with the furnishings, flooring and final details.

Do I need to be available to manage the process?

Not at all! We will project manage everything for you. HOP Investments takes care of the entire process from start to finish. Many of our Landlords and Investors live overseas and never even physically visit the property themselves. We offer a totally hands-off service, keeping you updated with pictures and videos of what is happening on site.

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