THE BENEFITS OF BUILDING A GRANNY FLAT
There are many different reasons why people choose to build their own purpose built granny flat on their property. A granny flat is a worth wile, versatile and profitable addition to any home. The uses are endless and it can adapt to suit the changing needs of all families. Life is full of surprises and a granny flat is the most cost affective 2nd dwelling alternative that there is.
A lot of “empty nesters” who absolutely love their neighbourhood but don’t need the great big home any more choose to build a granny flat on their land. This means they can stay living where they love in a new, modern and low maintenance home… but best of all they can reap the great financial rewards from renting out their home.
*Retirement / over 50’s village alternative-
Over 50’s villages and retirement homes are definitely not for every one. They are very expensive to buy into and there are many strict rules and restrictions on the occupants. They often feel cramped and claustrophobic and lack the privacy that most people desire. But the worst part of owning a dwelling in one of these villages is that you can never own the title of the land, the land belongs to the village owner so you do not have the option of a reverse mortgage or seniors mortgage on it. They have quite high entry and exit fees as well which makes selling your property quite hard and banks will not lend people the money to buy it off you because the land does not come with the dwelling.
If you choose to build a granny flat on “your land” then the dwelling is always on “your land” and you will only improve the value of your property and the best part is that you make the rules!
*Children can save for their own home...
We all want to help our children to achieve the great Aussie dream of owning their own home. Unfortunately the sky rocketing rental market in most areas of Australia and the high cost of living makes it near impossible for young Australians to save for that elusive home deposit. Your young adult children can live in a granny flat on your land and stop throwing money away on rent.
*Work from home…
Many small business owners know how expensive the rent plus out goings are on a commercial premises. It can make it near impossible for a business to make a profit.
By building a granny flat / studio on your own land you are not paying your land lords mortgage for them but you are substantially increasing the value of your own home.
We can easily modify your granny flat / studio to suit any type of home based business.
Operating a home based business is a growing trend as there are so many personal and financial benefits besides just saving on rent.
You can work the hours that suit you and your family, saving on fuel and parking fees and not paying rent when you have holidays just to name a few.
By keeping your home based business separated from your home you are not only creating a much more professional atmosphere but you are able to still separate work from home which is very important for life balance.
Caring for a loved one with a sickness or disability in your own home can be very demanding. As much as you love them and want to care for them it can put an incredible strain on the relationship. If your loved one moves in with you it may mean that you have to modify your own home to suit their special needs which sometimes isn’t what you really want.
A specially designed granny flat makes the carers job much easier. We can modify any of our plans to suit any special needs that your loved one requires.
A granny flat gives you the convenience and peace of mind of having your loved one close by without encroaching on your own space,but most importantly it will give them a feeling of independence and they have their own sanctuary.
As children get bigger they get noisier and crave for more independence, privacy and a space of their own. A granny flat is the perfect solution for big kids to move out of the house without leaving home. We have helped many parents regain their sanity by building a granny flat for their children. Years later if the children ever leave home the granny flat can always be rented out for another source of income and there is such a thing called “Boomerang Kids”
It is a very good feeling to know that you can house your children and loved ones in times of need.
Many of us dream of having our own private studio where we can let our creativity and imagination take flight. A granny flat / all purpose room provides the perfect space for you to spread out all of your equipment and it is a far less expensive option to hiring a studio.
We can also sound proof your studio for you if you need a little more tranquility.
*ATTRACTIVE YIELD FOR THE INVESTOR
Two income streams from a single property are surely better than one and the humble granny flat is providing attractive cash flow for many savvy investors. A standard granny flat costing around $100,000.00 to build will most likely fetch around $250.00 per week rent which equates an attractive yield of 13%
With the cost of living constantly rising a second income will never go astray and with the shortage of affordable housing in most areas of Australia you will always be able to collect rent from you granny flat if you desire or you can move into the granny flat yourself and rent out your home.
There is nothing to loose on an investment property with 2 sets of income…it can only be a positive thing.
*QUICK and EASY COUNCIL APPROVAL
Sub dividing a block of land or turning a home into a duel occupancy is not a new idea. Smart property developers have known the huge financial benefits gained through duel occupancy.
However if you decide to build another house (not a granny flat) on your land you could be up for a long wait for your plans to get passed through council and you could face a lot of objections from your neighbours.
A granny flat offers a very cost effective and time saving alternative to duel occupancy. In 2009 the Australian government relaxed the laws on Granny Flats.
There are no long periods of waiting for council approval any more.
If you house and land meets the criteria your plans can be certified by a private certifier with in
10 DAYS!! That’s right!! In 10 days construction of your granny flat can commence whether your neighbours are happy about it or not!
After we receive a bit of information from you we can assess your property for you and tell you straight away if your property is eligible for a granny flat or not.
*NO HEADACHES… WE HANDLE THE WHOLE PROJECT FOR YOU!!
We have been building granny flats for so many years now that we have perfected the system so there is no stress for you what so ever. So you don’t have any head aches!
We handle everything for you from the council certification to your landscaping if that is your wish.
Of course you will have to make big decisions like the plan and the colour scheme ect and we understand that this can sometimes get confusing but we are there to help you every step of the way so that you enjoy the whole building experience.