Have you ever thought of adding a granny flat to your property? If not you might not know the benefits it can offer you. Granny flats are one of the top property searches of the people because they are aware of its innumerable benefits. It is a self-contained accommodation that is on the same block of land as the main residence.
This is not only for aged people but also offers a great option for a couple or for the kids or teenagers and adults who needs more privacy. To build or rent a granny flat in Sydney you do not require any extra legal permission, you can freely build and rent your granny flat like other residential houses.
How does a granny flat add value to your property?
Get more…. there are many people who have found that after they added the granny flat, they were able to sell it for more, which means it can be a good investment as it returns you more. It offers you more money than you spend on the flat, it eradicates your fear of buying a wrong property. Many people suffer from the fear that they will end up buying a wrong property, but with this double return option, you are free to buy the granny flat at any point in time. Additionally, as these flats have a good market you don’t have to suffer advertising for sale, people who are interested will simply buy your flat. You will just have to let the new homeowners know various ways to use it.
Extras from your home…..when you are choosing a granny flat, you should think of the ways it can provide you with extra value. You can think of the various ways which you can use the flat to make your life more better and easier. You can rent an office in front of your granny flat or make a game area, area for entertainment, space for children, guests and much more. Granny flats offer you innumerable ways to use the property.
Rent easily… the best part of these flats is you can rent them very easily just like renting other residential houses. This way you can help the people who need a place to live and at the same time, you can make money from it. This means you get some additional income which will further help you to pay off the mortgages or any loans if you have. There are many people who look for nice and affordable places to stay, so you will not face any problems renting your granny flat if you choose this option.
Accessory….a granny flat adds value to your property, but you need to make sure it maintains high quality. A granny flat with a big garden and a yard and decline its value, hence, you need to choose a flat and a location which enhances its principles. To increase the value you can opt for the flats which have swimming pools or barbecue areas.
By adding a granny flat your help to add more value to your property, you can build a granny flat in Sydney and enjoy all the benefits of-of your property. If you are still confused you can see the list of benefits to set up your mind.