Home Haus Properties

Home Haus Properties Home Haus is a creative property company offering opportunities for investment whilst creating moder

🙌MONEY BACK FROM HMRC🙌Doesn’t matter how big or small the amount, every penny counts and even better when it’s a rebate ...
26/04/2022

🙌MONEY BACK FROM HMRC🙌

Doesn’t matter how big or small the amount, every penny counts and even better when it’s a rebate from HMRC!

Stamp Duty is a b!* and it’s eye watering for every property you buy with the lovely bonus of an additional 3% for owning multiple properties.

We recently managed to get SDLT Overpayment Relief on our purchase of “The Terrace” as it was inhabitable at the time of completion. You need to apply within 12 months of purchase completion although we had exceeded this timeframe.

Review the HMRC website and understand how the SDLT 1 form is completed. More than likely the SDLT 1 will have been completed either as 01 Residential (standard code used by solicitors) or 04 Residential - Additional Properties. It should be 03 Non-Residential if your property is inhabitable.

HMRC payout immediately with a caveat that they will carry out their compliance checks within a period of 9 months.

So what do you need to do:

Determine whether or not the property was inhabitable at the time of completion. This means no working kitchen, bathroom, utilities etc

1. Request a copy of the SDLT 5 certificate from your solicitor/conveyancer who filed the original SDLT 1 on your behalf - need the UTRN reference.
2. Collate evidence like photos which show the state of the property at the point of completion as evidence.
3. Write a letter to HMRC covering the following points:
- UTRN
- Updates required to SDLT 1 (usually Q1 Type of Transaction and Q14 Total Amount of Tax Due)
- Value of refund due
- Bank account details of where repayment should be made.
- Include evidence

Whilst we didn’t incur SDLT directly on the house price we managed to get a rebate based on 3% of owning multiple properties.

Challenge your solicitor/conveyancer when they complete the SDLT 1, they just put in code 01 Residential and send it off leaving you with a SDLT bill!

£3450….every penny counts!

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Hello again 👋We kind of lost our mojo with social media for the last few months, wasn’t feeling the love for it and didn...
16/03/2022

Hello again 👋

We kind of lost our mojo with social media for the last few months, wasn’t feeling the love for it and didn’t have the motivation to spend hours creating content. Nothing wrong with that as don’t want to be putting BS out there, also don’t want to obsess about likes and follows.

Instead we’ve been focusing on all the other bits working away like little 🐝 for the bigger picture.

So what have we been doing in the last couple of months…

🔹Relentless evaluation of deals to find the next project - the market is crazy with property prices where we just can’t make the numbers work for us.

🔹Going through 2 refinance applications on our latest projects - who else has come up with obstacles with lenders if your tenant is a Supported Living Provider?

🔹Researching and learning how to set up our own lettings agency to manage our portfolio in a smarter way

🔹Successfully reclaimed SDLT on a property which we believed was inhabitable and should have been exempt from the outset. Look out for a separate post on this!

🔹Setting up processes to manage our tax returns more efficiently this year

🔹Helping our daughter decide her GCSE options and she’s only 12!

🔹Looking at how to expand our IT consultancy along side our property business

🔹Evaluating our current property strategy to determine if it’s still fit for purpose

Feel like in the last few months we’ve evolved, it’s not all just about build projects but all the other clogs in the wheel that need attention and progression as well which add value to the end goal.

A little throw back to our fave room in The Office based in Warrington, love the light and chilled out calm vibes.

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Nice to be back on the grid 👍

💙HAPPY NEW YEAR FOLKS💙2021 was a turning point for us taking us on a journey that we never imagined. Despite completing ...
01/01/2022

💙HAPPY NEW YEAR FOLKS💙

2021 was a turning point for us taking us on a journey that we never imagined. Despite completing two huge b2b refurbs, the highlight has to be the relationships and friends we have made via this platform.

We all need like minded people in our lives, pushing and encouraging us so we are forever grateful for your support and those that follow us!

So here’s to a new year, moving closer to achieving our goals, taking the time out to enjoy the good times and hoping Leicester City can finish the league in the top 6!

Hope it’s a good one for all!

#2022

Being productiveWhat does being productive mean to you?Could be a number of things…pushing your build team, working 8hrs...
09/11/2021

Being productive

What does being productive mean to you?

Could be a number of things…pushing your build team, working 8hrs a day, resolving an issue for a tenant, hitting the gym, having a nap to re-energise or having the courage and determination to get out of bed and make it a fab day.

Whatever it is all of these things need the right environment in which your energy and focus can flourish.

One thing Covid has taught us is that we as landlords need to create the right environment, whether it’s in room layouts or communal spaces, need to harness a positive energy and enable people to be happy and productive. It’s not an easy job and what might work for us personally doesn’t necessarily work for someone else but we can only try and do our best to create that right environment.

When we designed the room layouts at The Office we knew we wanted every room to have it’s own workspace especially as we couldn’t accommodate a workstation bar in the communal space. So whatever the size/length of the desk we fitted one in each room either under a window or near a window to allow for natural light and an alternative view other than a wall or sitting on the bed all the time.

Each desk is actually fixed to the wall so low maintenance and minimise damage that can be caused by a tenant. We used MDF kitchen worktop to cut into bespoke sizes so they fitted perfectly into the angled walls in a Rusty Steel colour giving a tone of red/brown warmth to the room inline with the industrial-urban theme.

What do you think of the workspaces?

🔹Property: The Office
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🟠COLOUR POP🔵We’re back in the office from 10 days away in the gorgeous sun of Dubai with the kids, a bit of colour on th...
01/11/2021

🟠COLOUR POP🔵

We’re back in the office from 10 days away in the gorgeous sun of Dubai with the kids, a bit of colour on the skin and plenty of Vit D to allow us smash out the next couple of months and end the year on a high! Feels good to be back and refocus on our Q4 goals.

Talking of colour we used 2/3 base colours throughout our recent commercial to HMO conversion but added the odd splash of colour to give two very different looks and feel to the bedrooms. From looking very dull a bit of colour can instantly change they way you feel when you walk into a room.

For us the orange falls beautifully in line with the current autumnal colours bringing warmth, spice and a feeling close to nature whilst the deep blue takes you away to a different place of calm and relaxation.

Each bedroom has its own vibe and energy. Which is your favourite?

🔹Property: The Office
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🙌Feel good Friday…Before & After🙌It’s really difficult to visualise a space when it’s taken back to brick but this was t...
15/10/2021

🙌Feel good Friday…Before & After🙌

It’s really difficult to visualise a space when it’s taken back to brick but this was the state of the downstairs where we planned the entrance hallway, bedroom 1 and communal kitchen/lounge when we stripped it back.

We always knew we wanted to keep the slanted roof height to give the feeling of space but with no natural light in the back we added 3 sky lanterns to light up the kitchen/lounge.

As for bed 1 we squared off the ensuite and fitted wardrobe leaving extra storage space above up to the original ceiling. We made a feature of it by adding slats to match those behind the bed. There can never be enough storage!

When we look back through the various stages of this build we get such a buzz of what has been achieved by all involved in this project. The transformation is unbelievable.

What’s your favourite part of the The Office so far?

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🐝Buzzing from networking🐝There is something to be said talking to someone face to face rather than via a computer! It’s ...
12/10/2021

🐝Buzzing from networking🐝

There is something to be said talking to someone face to face rather than via a computer! It’s so good to get back into a room with like minded people discussing their experiences, sharing knowledge and having a laugh on a personal level.

We’re still buzzing from the vibe and energy from our open day at The Office in Warrington this weekend gone where we invited a few people from the property community and those we’ve built a personal relationship with from this social platform. The communal space was buzzing with laughter, property talk, positive energy and sharing of ideas and thoughts. Just goes to show how much of this interaction has been missed.

A huge thanks to all those that attended especially travelling from afar.

The socially designed communal space certainly bought everyone together round the table or sofa…test passed! Thanks to for their suggestion to get rid of the planned island and workstation bar and replace with a dining table, great shout guys 👍

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⚡️THE OFFICE IS FINISHED⚡️Blood, sweat and tears went into delivering this project and we still can’t believe what we ha...
11/10/2021

⚡️THE OFFICE IS FINISHED⚡️

Blood, sweat and tears went into delivering this project and we still can’t believe what we have achieved! A stunning 5 bed HMO created from an inhabitable commercial building with a sh*t ton of issues to contend with.

After a cowboy builder screwed us over, we got onboard to manage our build for us and the 3 of us worked collaboratively together throughout the project and we smashed it with the end result.

As property investors we were heavily involved in the build process working with Saif to resolve issues and then the interior design was led by Jas in-house. She had a very clear vision of how she wanted the property to look from mood boarding every area to final staging for photography. Every little detail was planned although some things had to go because of budget!

We are so proud of what we have achieved with Saif project managing our build and finally get this one over the line, it’s been a long 10 months!

Our aim is to deliver more than just fancy rooms, we’re here to create homes for people and inspire then to live better not just settle for what is currently on the market.

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Keep an eye out for upcoming posts showcasing The Office.

🔥SITE OPEN DAY🔥Want to be part of something special? Come and check out our latest commercial transformation project int...
05/10/2021

🔥SITE OPEN DAY🔥

Want to be part of something special? Come and check out our latest commercial transformation project into a stunning 5 bed HMO.

We took this back to brick, complete refurb, plenty of issues along the way and now produced an awesome place for 5 very lucky people to live and call home.

Still a few places left if anyone is interested, drop us a DM.

This is what we’re about….creating homes not just rooms for people to live in and inspiring them to live better not just to settle for what’s on the market!


⬆️➡️Multiple Exists⬅️⬇️How many times do you hear the word   ?It doesn’t mean you chop and change all the time but only ...
30/09/2021

⬆️➡️Multiple Exists⬅️⬇️

How many times do you hear the word ?

It doesn’t mean you chop and change all the time but only when it’s necessary to reach your end goal.

When you start a project everyone has an exit strategy but sometime it doesn’t always go to plan. It is so important to have back up exit strategies (YES MORE THAN 1) for whatever reason your primary strategy doesn’t work out, hopefully with minimal impact and cost!

This is where being able to comes into play!

The Terrace started off as a 6 bed professional let HMO that we planned to manage ourselves once completed. So what happened to our primary exit strategy?

We ended up renting the entire house to a Supported Living provider once all the works were completed. Although we adapted our exist strategy part way through our build, the benefits and rewards outweighed the headache/costs associated with running our own HMO:

➡️ Fixed tenancy agreement and guaranteed rental income
➡️ No need to manage void periods
➡️ No maintenance costs
➡️ Minimal involvement with property
➡️ Existing HMO layout lends itself to a supported living set up
➡️ Easily changed back into a HMO (professional/student let)

Once this occasion our exit strategy change worked in our favour.

Don’t change strategy for the sake of it unless it makes viable and financial sense to do so! Each project should be evaluated on its own merits as lots of different factors come into play like delivery timeline, cost of change, availability of materials & build team, end valuation, market trends…

Have you had to change your exit strategy during/at the end of a project?

  👍Some good☹️Some bad👨‍👩‍👧‍👦Some more important than others🤗Some positive🙇‍♀️Some negative😕Some just neither here or th...
28/09/2021



👍Some good
☹️Some bad
👨‍👩‍👧‍👦Some more important than others
🤗Some positive
🙇‍♀️Some negative
😕Some just neither here or there

🔹Surround yourself with positive and like minded people who add value to you and what you’re doing
🔸Have people that will hold you accountable in your circle and keep you in check
🔹Trust your instincts when it comes to character judgement
🔸Don’t let people take you for a ride
🔹Your time is precious and has a value associated to it so use it wisely
🔸Keep people close that will support you in your high and low periods

Relationships aren’t just personal, think about JVs, angel investors, private contractors, suppliers, build team, employees, tenants…

All of these relationships need different management and bring different value to you. Manage them well and you’re laughing 😄 otherwise you’ll get sh***ed 💩on and some else will be laughing at your expense! 😤

It’s good to take time out to reflect on relationships. We’ve formed some invaluable relationships 🤝 using this platform, online & in person networking events, individuals that we would never had connected with, all of us bringing some value to the table.

Celebrating our 18th wedding anniversary today has made us reflect on relationships in general and that nothing should be taken for granted and to keep the circle around you close providing it’s a good one 💙

💥THE OFFICE💥The Office is looking AMAZING even if we do say so ourselves!! and the team have done a top job, in the next...
25/09/2021

💥THE OFFICE💥

The Office is looking AMAZING even if we do say so ourselves!!

and the team have done a top job, in the next couple of weeks our focus is to finish off last bits around decorating, snagging and photography then we can get this place on the market.

We are currently planning to host an open day if you fancy taking a look around and seeing the transformation for yourselves. If you’re interested drop us a DM and we’ll get back to you with details.

Watch this space for further updates!

Also if you’re ever up in Warrington check out , top place for tapas!

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Leicester

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