Converting a house into flats can be a complex undertaking. From navigating building regulations to optimising space and design, there's a lot to consider. But with the right planning and support, you can unlock the hidden potential in your property and transform it into a profitable development.
CrowdProperty is here to empower you every step of the way. We offer not just flexible funding, but also expert guidance to ensure your house-to-flat conversion project is a success. To help you navigate this process, we've put together a few tips below:
Optimal flat size:
- Ensure each flat is at least 30 sq. metres to meet mortgage requirements.
- Aim for 39 sq. metres for new homes to comply with building control standards, or 37 sq. metres if including a shower room.
Legal and structural considerations:
- Establish clear property entrances and form a management company for shared spaces.
- Allocate garden control and manage council tax for separate households.
- Factor in legal fees, insurance, and additional refuse collection services.
Utility management:
- Assess the capacity of existing water, drainage, and power supplies.
- Plan for increased demand and ensure adequate pressure and load capacity.
- Decide on how to split supplies and billing, whether through separate meters or sub-metering.
Communal Areas
- Design practical and welcoming corridors with appropriate lighting and heating.
- Install joint fire and smoke detectors, fire doors, and ensure clear escape routes.
- Provide facilities for bike storage, post, and visitor access with multiple doorbells.
Living space design:
- Thoughtfully divide and layout the space.
- Plan for essential amenities like additional kitchens and bathrooms.
- Incorporate sound and vibration-proofing, especially for upper storeys.
Top Tips for Success:
- Always agree on building control requirements before starting work.
- Invest in a reputable lawyer to navigate the legal complexities.
- Conduct thorough assessments of your property and plan meticulously.
- Define your exit strategy before applying for funding.
At CrowdProperty, we understand the intricacies of property conversion projects. Our team is here to provide valuable support and insights from application to completion, ensuring your project is a success.
Are you ready to take the next step? Apply for funding in just five minutes and get an instant Decision in Principle* today.
*Instant DIPs will not be issued for projects where the loan amount is greater than £3.5m (or £3m if bridging), the profit on cost is below 5%, the loan amount is less than £100k, the loan term is greater than 24 months, if any required data is omitted, or the loan type is portfolio acquisition, special situation, planning gain, or project refinance.
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