How to Set Up a Small Boutique Care Home
Maximize your ROI on property investments from day one!
Are you looking to start or grow your property portfolio with the best return possible? The popularity of investment in the private rented sector continues to grow with Knight and Frank reporting that investment in areas such as buy-to-let topped £12.7bn last year. if so, you probably have many questions; for exmaple, with the increasing competitiveness of the market, how does oneguarantee a return that keeps ahead of the competition?
New findings from investment experts MSCI show that the UK care sector offers the best rental returns of any property asset class in the past 12 months. Making investments in UK care-sector estates have been shown to yield higher returns than other property types, with typical returns reaching 7.9%, far surpassing other classifications. But many investors fail to benefit from such opportunities because they feel that entering the care sector property market is a high-risk venture.
Get the best advice at our Property Investment Summit!
Our one-day Property Investment Summit is designed to dispel those myths and give new and existing investors insight to the opportunities available that the care sector has opened up. You will hear first-hand experience from the past twenty years of investing in care homes, supported living and children’s homes, where I have regularly generated 5x more profit than my other rental properties. With increasingly tighter tax implications, and regulation around HMOs, this seminar is designed for property investors looking for new and exciting options of financial security.
Here is what you’ll learn:
- A proven formula for success that I have been using for over 20 years in property investment
- How to make up to 5x more profit than an average rental income
- A guide to finding the right property that forms part of your successful portfolio
- How to create a regular income whilst providing a service that helps others
To find out how you can maximize your ROI on property investments, why not join us on our monthly workshops or webinars? Register by emailing or calling us today on 01903 898135.
Spaces are limited, so book yours today!
Setting up a Boutique Nursing Home
Ageing ‘baby boomers’ are on the rise. So, with our population ageing at an increasing rate, this is a perfect time to set up a small boutique care home.
According to Megan Dunsby (an editor for Start-Ups magazine), boutique care homes can provide a more attractive alternative to the rather characterless and ‘beige’ quarters often experienced by boomers’ parents. They can also offer more personalised, stylish, and intimate accommodation to this ageing generation. Baby boomers are now reaching a pensionable age, and smaller homes often seem more attractive and more intimate to them because they usually offer better food choices and their ‘home-from-home’ atmospheres often make them much more appealing than larger homes. Christine Blackledge recently said,
“I started a small residential home in Nottingham in 1994 and became registered back then with the local council. My home was always full, as a matter of fact, the care home was full the first day it opened. I then progressed and opened another small care home, for many years it was always full. I was able to offer a family environment, residents and their families were always welcomed. We had an open door policy, staff did not feel overworked or stressed at all. The residents always had a choice of food to eat and we were able to meet the needs of all residents. Families did not feel guilty at all, due to the homely feel. I always chose houses that had a three bedroom, and a dining room.
Over the years this became very well-regulated, and now you are required to register with the Care Quality Commission (which regulates the care and premises). It is also advisable to get accreditation with the social services and your local authority as a proportion of your business will come via this channel. Funding can be from private individuals or via social services to help pay the fees for services user’s at your home“.
Boutique care home business opportunities
We are able to offer the same service to you in the form of a series of videos; showing you how to source a small care home for 3 – 6 residents. It is up to you to decide on the specialisms to meet service user’s needs (for example, the elderly aged over 65, mental health, substance misuse). For just £999.00 you will get 6 DVD’s, manual with step by step instructions. Furthermore 30 days support online.
- Care Quality Commission requirements
- Finding the right property
- Rent, lease or buy property
- How to decorate and furnish your care home
- Funding your care home
- Social Services clients
- How to find residents to suit your care home
- Food hygiene
- Getting staff
- DBS Criminal Records Check
- Staff training
- Aims and objectives
- How to advertise your home
Inc. 16 hours of instructional videos