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.