How Will a Granny Flat Affect the Value of Your Home?

If you are looking to extend your property or to better utilise wasted space, building a granny flat is one option that can yield significant personal and financial benefits. In Sydney’s increasingly tight housing market, granny flats are becoming a more and more popular way to really make the most out of your available land. You might be surprised to learn that the process of gaining council approval is relatively straightforward for this type of home addition. With less paperwork to deal with, you’ll have plenty of time to consider the many ways that a granny flat can increase the value of your property. Let’s look at just a few of those now.focuz

 

In today’s economic climate we can all benefit from diversifying our sources of income and shoring up our assets. Putting in a granny flat is a smart investment choice that can provide you and your family with a long term and sustainable additional income stream. In fact, in some areas of Sydney you can make up to $350-450 dollars a week just by renting out a granny flat. These figures are sure to only keep growing in Sydney’s highly sought after rental housing market. As you can see, this is a great way to turn previously underused land into a very lucrative investment opportunity.

 

A well-constructed and tastefully appointed granny flat can really help your home stand out from the crowd when it comes time to sell. By increasing the available living space and possibilities, a granny flat will make your home much more attractive to buyers who are shopping around for prestige residential properties. You may well find that the additional premium that you can receive on the sale price will far outweigh the amount it originally cost you to build a quality granny flat.

 

Granny flats are a smart extension option, because, as well as adding value independently, they can also save you money. With a granny flat you can create additional living spaces or entertainment areas for children, parents and grandparents alike, saving money on assisted living facilities, expensive swimming pools or moving costs. The money you save by having a granny flat can add financial value to your property, compared with having to potentially move around in the property market or make investments that can’t pay for themselves.

 

Before you add an extension to your home, have a chat with the granny flat design and construction specialists at DB Homes first. We can create a completely customised self-contained living solution that will add tangible value to your family home and become a sound financial investment.Generate Hills of glory Ammo

 

To learn more about the benefits of building a granny flat, please call our friendly team of builders today on 1300 050 677.

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