In Sydney, granny flats have become a trend. In fact, it appears that the government has taken notice of this growing trend, and these structures are also everywhere now. These housing structures are famous for all good reasons.
Granny flats in Dee Why, Manly, and everywhere in Sydney have become a popular trend. Those who don’t know what granny flats are: they are self-contained, independent units that can be built on the main property or home at a separate location.
These housing units have become highly in demand by investors and homeowners alike due to how quickly they rent them and how much money (typically $150-$300 a week).
They are also highly sought-after structures because they can be built in a matter of weeks or even days, depending on the job’s complexity. These structures have become a big moneymaker for those willing to invest and build one from scratch. (Credit Information: Strati Constructions PTY Ltd)
What Are Granny Flats Used For?
Granny flat units are typically rented out as short-term leases for 2-12 months before the tenants move out. They can even be rented for a week or two to tourists who want to travel the country or world but do not need an entire home/apartment.
These housing structures have become increasingly popular recently because they are safe, secure, and typically located close to amenities such as shopping centers, public transport, and parks, etc.
The best thing about granny flats is that they provide security, independent living at a low cost, and can be rented out quickly, depending on the location. Moreover, they are built near the main building.
4 Things You Should Know Before Building a Granny Flat:
1) Granny flats are an investment, not an expense
Granny flats are like any other investment that requires work, time, and money to build them. They are not for everyone. However, if you are willing to take a chance and invest in granny flat, they can provide a rewarding income stream as well as housing for those who need it.
2) Granny flats can be complex to build
Building a granny flat can be complex, especially if this is your first time. That’s why you need an experienced & reliable granny flat builder to handle the job. Hiring an experienced construction contractor ensures that the job will get done right.
3) Granny flats are built to last longer
Most granny flats come with a lifetime warranty on all aspects of the unit. A good builder will make sure that your flat is built to last longer. You will be able to enjoy your flat for years to come.
4) Granny flats are a great investment
Because granny flats can be used for multiple purposes, they make an excellent investment. Whether you are a homeowner or investor, your time and money will be worthwhile by building a granny flat.
Get the right crew to build a granny flat. If you want your goal to be accomplished, you must make some effort in finding the right granny flat building contractors near you.
Whether you want to know the cost of a granny flat or anything about the project, do not hesitate to ask anything related to the project. It’s vital for you to know the project’s details because you are an integral part of the project being the investor.
Share your vision with the experts so that they can turn that into a reality and build the granny flat of your dream!
