Change IP Address of Cluster Only and Migration Network

Hello,

We are planning to move offices shortly and have a complete new stack of switches to configure.  I have been asked to come up with an IP addressing scheme so that we new start in the new offices.

I currently have a 2 node Windows 2012 R2 Failover Cluster that runs our Hyper-V farm. All the physical NIC's on both hosts are teamed and they both have 3 virtual adapters as follows:

1. Cluster and Client Network (vHostSwitch) 192.168.192.0/24
2. Live Migration Network (vEthernet - Migration) 192.168.253.0/24
3. Cluster Only Network (vEthernet - Cluster) 192.168.254.0/24

Both the Live Migration and Cluster Only networks use a full class C range, yet only need 2 IP addresses.  In an ideal world (if I could start again...which I can) I'd have used variable length subnet masks for the migration and cluster network:

1. Live Migration Live Migration Network (vEthernet - Migration) 192.168.253.0/29
2. Cluster Only Network (vEthernet - Cluster) 192.168.253.8/29

My questions are:

1. Can I change the IP Addresses is the Failover Cluster (and, obviously, the virtual adapters)?
2. What would be the process and any pitfalls?

Thanks
Tony