The backyard granny flats are a great way to create value for your home and earn additional income from your investment property. They are not old-fashioned little old lady’s house in the backyard. Forget the stereotypes that you have heard. The backyard granny flats may be constructed for investment purpose, for an elderly family member, a home office, looking for an extra entertaining area, or as a retreat for a teenager in the family. Backyard granny’s flats are constructed in contemporary designs to suit one’s specific requirements.
Benefits of building a Granny flat
The backyard granny flat is an alternative living solution. It also adds value to the property and can earn an extra rental income may be up to 15% .There is not many opportunities where a return of 15 to 20% can be achieved. By building a backyard granny flat on your existing property whole new income can be created. It is an intelligent use of the extra yard space on one hand and can give independent living space to the older relative on the other. It can also be used as a means to help children enter the property market.
There are several designing firms who help in choosing inclusions in the granny flat. The truth is that most of the granny flats fetch more than the market value due to its high-end design and style. The designers are passionate about creating affordable backyard granny flats which achieve the ultimate return on investment and looking after the needs of the client at the same time. They provide a free consultation as to whether your property is acceptable as a granny flat. They advise you as to how much rental return you can expect to earn from your granny flat. A fully customised backyard granny flat can be created to suit your needs.
Optimum use of the space:
Backyard granny flats offer modern living and lifestyle solutions by creating optimum use of your existing space. Normally the firms who deal in the backyard granny flats are the one who has a track record for building and reputable construction and holds a solid track record for excellent client service. After a great deal of market research, it was felt that there was a gap between the providers and the demand for good granny flats builders, and so many established building companies ventured in this direction to provide quality and reliable service. There are many firms who only build granny flats. They have a vast experience and know the industry inside out. Tight budgets, sloping sites or custom designs are not a problem with them. They are flexible and ensure that the desired results may be achieved.
The Backspace Living
Backyard granny flats are a great investment. It unlocks the potential in your property. Building a designer granny flat is a sound choice for investment. It can provide Mortgage Assistance, Independent Lifestyle, fast Approval and increased property value. The minimum requirements for building a backyard granny flat are-
- Every granny flat should have a minimum 60 square meter internal area.
- Any trees which are over 4m in height should be away from the property at least 3 km.
- A proposed granny flat must be zoned as residential.
- The width of 12 metres must be maintained at the building line of the proposed detached granny flat.
- A property must be minimum 450square metres in total area.
To sum up, it can be said that backyard granny flats are a modern solution to affordable housing. So go ahead and invest in sensible ones.